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Trust Bank Limited is a private commercial bank established in 1999 in Bangladesh. It is backed by Army Welfare Trust of Bangladesh Army . [ 2 ] General Waker-uz-Zaman the chief of Bangladesh army is its chairman.
In 2015, the bank became one of two local partners of Life Insurance Corporation of India in Bangladesh. [10] The Daily Star 15th Bangladesh Business Awards described the bank as "one of the best-run banks in Bangladesh". [11] Anis A Khan was re-appointed managing director of Mutual Trust Bank Limited in 2015 for a four year term. [8]
Bangladesh has eight Islamic banks, while several non-Islamic banks offer Islamic-banking services alongside their normal operations. [12] As of 2017, Islamic banking, led by Islami Bank Bangladesh Ltd, controls 20% of deposits in Bangladesh. [12] Bangladesh operates the world's biggest Islamic microfinance scheme. [12]
IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries. [12] According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7]
A trust company can be named as an executor or personal representative in a last will and testament.The responsibilities of an executor in settling the estate of a deceased person include collecting debts, settling claims for debt and taxes, accounting for assets to the courts and distributing wealth to beneficiaries.
The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee of American Express Cards in Bangladesh. [ 4 ] The bank is a real-time online bank, having its branches, SME/Agri branches spread across Bangladesh along with a full-fledged Islami Banking branch.
Bangladesh Machine Tools Factory: Industrials Defense Gazipur City: 1979 Defense vehicles S A Bangladesh Petroleum Corporation: Oil & gas Exploration & production Dhaka: 1976 State-owned petrochemical S A Bangladesh Pratidin: Consumer services Publishing Dhaka: 2010 Newspaper P A Bangladesh Railway: Industrials Railroads Dhaka: 1862 Railroads S A
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.