Community Bank Bangladesh Limited

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Community Bank Bangladesh Limited

Company type| Scheduled
Industry| Banking
Founded| 2019; 5 years ago (2019)
Headquarters| Dhaka, Bangladesh

Key people

| IGP Chowdhury Abdullah Al-Mamun (Chairman)
Masihul Huq Chowdhury (Managing Director & CEO)
Products| Banking services
Website| communitybankbd.com

Community Bank Bangladesh Limited is one of the newly approved Scheduled Banks of Bangladesh.[1] This bank is fully owned by Bangladesh Police Welfare Trust.[2] Masihul Huq Chowdhury is the CEO and Managing Director of the Bank.[3] The board meetings of the bank is held at the headquarters of Bangladesh Police.[4] The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank.[5]

## History[edit]

On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited. The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018.[6] The Bank was officially listed on 4 November 2018.[7] Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC, Bengal Commercial Bank Limited, and People's Bank Limited.[8] He expressed unhappiness as he believed the banks were approved on political considerations.[8]

Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina.[9][10][11]

In November 2021, Masihul Huq Chowdhury was reappointed the managing director of Community Bank Bangladesh Limited.[12]

## Board of directors[edit]

Name  | Position  | Profession  | Reference

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|
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Chowdhury Abdullah Al-Mamun | Chairman  | Inspector General of Police | [13]
S. M. Ruhul Amin  | Director  | Additional Inspector General  | [13]
Md. Mazharul Islam  | Director  | Additional Inspector General  | [13]
M. Khurshid Hossain | Director  | Additional Inspector General  | [13]
Hasan Ul Haider  | Director  | Additional Inspector General  | [13]
Monirul Islam | Director  | Additional Inspector General  | [13]
Md. Mahabubor Rahman  | Director  | Additional Inspector General  | [13]
Habibur Rahman | Director  | Additional Inspector General  | [13]
Md. Aminul Islam  | Director  | Deputy Inspector General  | [13]
Md. Mahbubur Rahman Bhuiyan  | Director  | Deputy Inspector General  | [13]
Quazi Zia Uddin  | Director  | Deputy Inspector General  | [13]
Shoeb Reaz Alam  | Director  | Additional Deputy Inspector General  | [13]
Sufian Ahmed  | Director  | Superintendent of Police  | [13]
B. M. Forman Ali  | Director  | Inspector and president of Bangladesh Police Association  | [13]
Masud Khan  | Independent Director  | Chairman of Unilever Consumer Care Limited | [13]
Kazi Masihur Rahman  | Independent Director  | Former managing director of Mercantile Bank Limited | [13]
Abdullah Al Mahmud  | Independent Director  | Professor at University of Dhaka  | [13]
Masihul Huq Chowdhury  | Managing Director  |  | [13]

## See also[edit]

* Banks portal

* Shimanto Bank Limited, managed by Border Guards Bangladesh
* Trust Bank Limited, managed by Bangladesh Army
* Ansar-VDP Unnayan Bank, managed by Bangladesh Ansar and the Village Defence Party

## References[edit]

1. ^ "BB approves Community Bank". The Daily Star. 30 October 2018. Retrieved 1 November 2018.
2. ^ "Central bank approves Community Bank Bangladesh Ltd". banglanews24.com. 29 October 2018. Archived from the original on 11 April 2019. Retrieved 11 April 2019.
3. ^ "'Our aim is to provide credit small and medium sized enterprises and encourage entrepreneurship'". Dhaka Tribune. 6 February 2019. Retrieved 11 April 2019.
4. ^ "Community Bank Bangladesh holds 35th Board Meeting". The Business Standard. 2 November 2022. Retrieved 28 November 2022.
5. ^ "Community Bank holds 34th Board Meeting". The Business Standard. 26 September 2022. Retrieved 28 November 2022.
6. ^ Harmachi, Abdur Rahim. "Bangladesh Bank gives police nod for Community Bank, rejects three other banks". bdnews24.com. Retrieved 11 April 2019.
7. ^ "Community Bank Bangladesh of police becomes 59th scheduled bank". New Age. Retrieved 11 April 2019.
8. ^ a b "I am very unhappy". The Daily Star. 2 November 2018. Retrieved 28 November 2022.
9. ^ Press Information Department (12 September 2019). "PM opens Community Bank Bangladesh". Dhaka Tribune.
10. ^ "PM opens Community Bank". The Daily Star. 12 September 2019.
11. ^ "Prime Minister inaugurates Community Bank Bangladesh Limited". Daily Sun. 11 September 2019.
12. ^ "Masihul reappointed Community Bank MD". The Daily Star. 22 November 2021. Retrieved 28 November 2022.
13. ^ a b c d e f g h i j k l m n o p q r "Board of Directors". Community Bank Bangladesh Limited. Retrieved 28 November 2022.

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List of banks in Bangladesh

Central bank|

* Bangladesh Bank

Commercial|

| State-owned|

* Agrani Bank
* Sonali Bank
* Rupali Bank
* Janata Bank
* Bangladesh Development Bank
* BASIC Bank Limited

|

Private|

* AB Bank
* Bangladesh Commerce Bank
* Bank Asia
* BRAC Bank
* Community Bank
* Dhaka Bank
* Dutch Bangla
* Eastern Bank
* Global Islami Bank
* IFIC Bank
* Jamuna Bank
* Meghna Bank
* Mercantile Bank
* Modhumoti Bank
* Mutual Trust Bank
* National Bank
* NCC Bank
* NRB Bank
* One Bank
* Padma Bank
* Premier Bank
* Prime Bank
* Pubali Bank
* Shimanto Bank
* South Bangla Agriculture and Commerce Bank
* Southeast Bank
* The City Bank
* Trust Bank
* United Commercial Bank
* Uttara Bank

Islamic|

* Al-Arafah Islami Bank Limited
* Export Import Bank of Bangladesh Limited
* First Security Islami Bank Limited
* Islami Bank Bangladesh Ltd
* Shahjalal Islami Bank Limited
* Social Islami Bank Limited
* Standard Bank
* Union Bank Limited

Foreign|

* Bank Alfalah
* Citibank
* Commercial Bank of Ceylon
* Habib Bank Limited
* HSBC
* National Bank of Pakistan
* Standard Chartered
* State Bank of India
* Woori Bank

Specialized|

* Bangladesh Krishi Bank
* Rajshahi Krishi Unnayan Bank
* Probashi Kallyan Bank

Non-scheduled|

* Grameen Bank
* Karmasangsthan Bank
* Ansar-VDP Unnayan Bank
* Jubilee Bank
* Palli Sanchay Bank

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