Community Bank Bangladesh
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{{Update|date=June 2023}}{{Undisclosed paid|date=April 2025}}
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{{Use dmy dates|date=November 2019}}
{{Infobox company
| name = Community Bank Bangladesh PLC.
| logo = Community Bank Bangladesh logo.png
| type = Public limited company
| traded_as =
| founded = {{Start date and age|2019}}
| location = Dhaka, Bangladesh
| key_people = IGP Baharul Alam (Chairman)
Masihul Huq Chowdhury (Managing Director & CEO)
| industry = Banking
| products = Banking services
| num_employees =
| subsid =
| rating =
| homepage = {{URL|www.communitybankbd.com|communitybankbd.com}}
}}
Community Bank Bangladesh PLC. is one of the newly approved Scheduled Banks of Bangladesh.{{cite news |url=https://www.thedailystar.net/backpage/news/bb-approves-community-bank-1653769 |title=BB approves Community Bank |date=30 October 2018 |work=The Daily Star |access-date=1 November 2018}} This bank is fully owned by Bangladesh Police Welfare Trust.{{Cite news |url=http://www.banglanews24.com/articles/71873/p |title=Central bank approves Community Bank Bangladesh Ltd |date=2018-10-29 |work=banglanews24.com |language=en |access-date=2019-04-11 |archive-date=11 April 2019 |archive-url=https://web.archive.org/web/20190411160517/https://www.banglanews24.com/articles/71873/p |url-status=dead }} Masihul Huq Chowdhury is the CEO and Managing Director of the Bank.{{Cite news |url=https://www.dhakatribune.com/business/2019/02/06/our-aim-is-to-provide-credit-small-and-medium-sized-enterprises-and-encourage-entrepreneurship |title='Our aim is to provide credit small and medium sized enterprises and encourage entrepreneurship' |date=2019-02-06 |work=Dhaka Tribune |access-date=2019-04-11}} The board meetings of the bank is held at the headquarters of Bangladesh Police.{{Cite news |date=2022-11-02 |title=Community Bank Bangladesh holds 35th Board Meeting |url=https://www.tbsnews.net/economy/corporates/community-bank-bangladesh-holds-35th-board-meeting-524706 |access-date=2022-11-28 |work=The Business Standard |language=en}} The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank.{{Cite news |date=2022-09-26 |title=Community Bank holds 34th Board Meeting |url=https://www.tbsnews.net/economy/banking/community-bank-holds-34th-board-meeting-503634 |access-date=2022-11-28 |work=The Business Standard |language=en}}
History
On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited.{{cite news |title=Three new banks on the horizon |url=https://www.thedailystar.net/business/three-new-banks-the-horizon-1583197 |access-date=2 March 2025 |agency=The Daily Star |date=29 May 2018}} The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018.{{Cite news |url=https://bdnews24.com/economy/2018/10/30/bangladesh-bank-gives-police-nod-for-community-bank-rejects-three-other-banks |title=Bangladesh Bank gives police nod for Community Bank, rejects three other banks |last=Harmachi |first=Abdur Rahim |work=bdnews24.com |access-date=2019-04-11}} The Bank was officially listed on 4 November 2018.{{Cite news |url=http://www.newagebd.net/article/54975/community-bank-bangladesh-of-police-becomes-59th-scheduled-bank |title=Community Bank Bangladesh of police becomes 59th scheduled bank |work=New Age |language=en |access-date=2019-04-11}} 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.{{Cite news |date=2018-11-02 |title=I am very unhappy |url=https://www.thedailystar.net/frontpage/news/i-am-very-unhappy-1655098 |access-date=2022-11-28 |work=The Daily Star |language=en}} He expressed unhappiness as he believed the banks were approved on political considerations.
Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina.{{Cite news |url=https://www.dhakatribune.com/business/2019/09/12/pm-opens-community-bank-bangladesh |title=PM opens Community Bank Bangladesh |last=Press Information Department |work=Dhaka Tribune |date=12 September 2019}}{{Cite news |url=https://www.thedailystar.net/business/banking/news/pm-opens-community-bank-1798753 |title=PM opens Community Bank |work=The Daily Star |date=12 September 2019}}{{cite news |title=Prime Minister inaugurates Community Bank Bangladesh Limited |url=https://www.daily-sun.com/post/422562/Prime-Minister-inaugurates-Community-Bank-Bangladesh-Limited |work=Daily Sun |date=11 September 2019 |language=en}}
In November 2021, Masihul Huq Chowdhury was reappointed the managing director of Community Bank Bangladesh Limited.{{Cite news |date=2021-11-22 |title=Masihul reappointed Community Bank MD |url=https://www.thedailystar.net/business/economy/banks/news/masihul-reappointed-community-bank-md-2235606 |access-date=2022-11-28 |work=The Daily Star |language=en}}
Board of directors
| class="wikitable"
|+ !Name !Position !Profession !Reference |
| Chowdhury Abdullah Al-Mamun
|Chairman |
| S. M. Ruhul Amin
|Director |Additional Inspector General |
| Md. Mazharul Islam
|Director |Additional Inspector General |
| M. Khurshid Hossain
|Director |Additional Inspector General |
| Hasan Ul Haider
|Director |Additional Inspector General |
| Monirul Islam
|Director |Additional Inspector General |
| Md. Mahabubor Rahman
|Director |Additional Inspector General |
| Habibur Rahman
|Director |Additional Inspector General |
| Md. Aminul Islam
|Director |Deputy Inspector General |
| Md. Mahbubur Rahman Bhuiyan
|Director |Deputy Inspector General |
| Quazi Zia Uddin
|Director |Deputy Inspector General |
| Shoeb Reaz Alam
|Director |Additional Deputy Inspector General |
| Sufian Ahmed
|Director |Superintendent of Police |
| B. M. Forman Ali
|Director |Inspector and president of Bangladesh Police Association |
| Masud Khan
|Independent Director |Chairman of Unilever Consumer Care Limited |
| Kazi Masihur Rahman
|Independent Director |Former managing director of Mercantile Bank Limited |
| Abdullah Al Mahmud
|Independent Director |Professor at University of Dhaka |
| Masihul Huq Chowdhury
|Managing Director | |
See also
{{Portal|Banks}}
- 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
{{Reflist}}
{{Banks in Bangladesh}}
Category:Banks established in 2018
Category:Bangladeshi companies established in 2018
{{Bangladesh-stub}}