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'''Trust Bank Limited'''  a commercial bank in private sector of Bangladesh. It was incorporated in June 1999 and next month of the same year got licensed from the [[Bangladesh Bank|bangladesh bank]]. It started business operations in November 1999 with an authorised capital of Tk 1,000 million and paid up capital of Tk 200 million. The bank entered into the capital market selling Initial Public Offering (IPO) in July of 2007 and accumulated 467 million taka as paid up capital. Army Welfare Trust designated as group-A shareholder holds 50% of paid up capital and the public designated as group-B shareholders holds the remaining 50%.
'''Trust Bank Limited'''  is a commercial bank in private sector of Bangladesh. It was incorporated in June 1999 and next month of the same year got licensed from the [[Bangladesh Bank|bangladesh bank]]. It started business operations in November 1999 with an authorised capital of Tk 1,000 million and paid up capital of Tk 200 million. The bank entered into the capital market selling Initial Public Offering (IPO) in July of 2007 and accumulated 467 million taka as paid up capital. Army Welfare Trust designated as group-A shareholder holds 50% of paid up capital and the public designated as group-B shareholders holds the remaining 50%.
 
Basic Facts and Economic Indicators (In Million Taka)


Basic facts and economic indicators (in million Taka).
{| class="table table-bordered table-hover"
{| class="table table-bordered table-hover"
|-
|-
| Indicators || 2004  || 2005  || 2006  || 2007  || 2008  || 2009
|Indicators || 2018 || 2019 || 2020
|-
|-
| Authorised capital  || 2000  || 2000  || 2000  || 2000  || 2000  || 2000
|Authorized Capital || 10000 || 10000 || 10000
|-
|-
| Paid up capital  || 500  || 500  || 500  || 1167  || 1540  || 1848
|Paid up Capital || 5569.7 || 6126.6 || 6433
|-
|-
| Reserved Fund   || 170  || 291  || 454  || 982  || 1580  || 1931
|Reserved Fund || 7255.7 || 9210.8 || 11778
|-
|-
| Deposits || 10748  || 12701  || 18986  || 27102  || 32920  || 48465
|Deposits || 212711.7 || 242024.7 || 288403.9
|-
|-
| a) Call Deposits || 1100  || 2902  || 2012  || 3497  || 3844  || 4928
|a) Call Deposits || 34107.4 || 35657.6 || 36699.3
|-
|-
| b) Term Deposits || 9648  || 9799  || 16974  || 23605  || 29076  || 43537
|b) Term Deposits || 178604.3 || 206367.1 || 251704.6
|-
|-
| Loans and Advance  || 6804  || 9738  || 13188  || 18682  || 27529  || 32663
|Loans and Advances || 197135.6 || 210766.7 || 221063.9
|-
|-
| Investment || 4541  || 2447  || 3260  || 3785  || 4963  || 87069
|Investment || 32305 || 41041.9 || 90944.8
|-
|-
| Total Asset || 12086  || 14782  || 21198  || 30382  || 38476  || 54142
|Total Asset || 259636.7 || 295173..4 || 354778.4
|-
|-
| Total income || 1046  || 511  || 852  || 1338  || 2006  || 2468
|Total Income || 21405.1 || 24762.6 || 25699.8
|-
|-
| Total Expenditure || 830  || 215  || 305  || 495  || 754  || 1109
| Total Expenditure || 15080 || 17589.1 || 18120
|-
|-
| Foreign Currency Trading   || 10346  || 10200  || 15201  || 25413  || 28529  || 45776
|Foreign Currency Trading || 206287.6 || 152680 || 117174
|-
|-
| a) Export || 2490  || 2072  || 3000  || 4225  || 6079  || 12770
|a) Export || 36552.5 || 37730 || 34680.8
|-
|-
| b) Import || 7658  || 7593  || 11436  || 17683  || 16661  || 23655
|b) Import || 119622.5 || 66080 || 72201.4
|-
|-
| c) Remittance   || 198  || 535  || 765  || 3505  || 5789  || 9351
|c) Remittance || 50112.6 || 48870 || 10291.6
|-
|-
| Total Manpower:  || 339  || 356  || 505  || 988  || 1175  || 1041
|Total manpower || 1907 || 1940 || 1951
|-
|-
| a) Officers   || 273  || 46  || 61  || 842  || 979  || 87
|a) Officers || 1907 || 1940 || 1951
|-
|-
| b) Staff || 66  || 310  || 444  || 146  || 196  || 954
|b) Staff || 0 || 0 || 0
|-
|-
| Correspondents Banks || 14  || 16  || 20  || 19  || 21 || 25
|Correspondent Banks || 21 || 21 || 21
|-
|-
| Total Branches (in numbers) || 15  || 18  || 26  || 31  || 37  || 42
|Total Branches (in numbers) || 110 || 112 || 113
|-
|-
| a) Domestic   || 15  || 18  || 26  || 31  || 37  || 42
|a) Domestic || 110 || 112 || 113
|-
|-
| b) Overseas || -  || -  || -  || -  || -  || -
|b) Overseas || 0 || 0 || 0
|-
|-
| Agriculture Credit  
|Agriculture Credit
|-
|-
| a) Loan Disbursed || 9 || 75  || 53  || 555  || 1873  || 962
|Loan Disbursed || 2055.9 || 4105.5 || 3609.2
|-
|-
| b) Realised || 4  || 34  || 36  || 90  || 269  || 317
|Realised || 496.9 || 3305.3 || 1515.6
|-
|-
| Industrial Credit
|Industrial Credit
|-
|-
| a) Loan Disbursed   || 5022  || 7417  || 4801  || 8549  || 15515  || 8025
|Loan Disbursed || 73766.1 || 85619.2 || 59580.9
|-
|-
| b) Realsied || 3071  || 6595  || 4087  || 3090  || 6821  || 9870
|Realsied || 57587.5 || 65025.8 || 60917.6
|-
|-
| Loan Outstanding by Sector
|Loan Outstanding by Sector
|-
|-
| a) Agriculture and Fisheries || 76  || 105  || 145  || 824  || 1120  || 592
|Agriculture and Fisheries and Forestry || 1991.3 || 3362.7 || 3810.3
|-
|-
| b) Industry || 490  || 853  || 1686  || 3131  || 5485  || 5527
|Industry || 42828.9 || 45782.2 || 50348.1
|-
|-
| c) Trade and Commerce || 1209  || 2808  || 4220  || 5683  || 5984  || 11187
|Trade and Commerce || 21082.9 || 19561.1 || 21123.8
|-
|-
| d) Poverty Reduction || -  || 222  || 322  || 500  || 650  || 66
|Poverty Reduction || 0 || 0 ||  
|-
|CSR || 77.2 || 180.1 || 14.7
|}
|}


''Source''  Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.
''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.
 
The managing director is the chief executive of the bank. Although the bank was established under the endowment/funding by the Army Welfare Trust and in the  board of directors except the Managing Director and 2 Independent Directors all other 6 Directors are recruited from the army personnel, nevertheless it is an autonomous banking institutions. Its head office is in Dhaka. By the end of December in 2020 it had 151 branches, and a total of 1951 regular employees.  


The managing director is the chief executive of the bank. Although the bank was established under the endowment/funding by the Army Welfare Trust and the members of the board of directors are recruited from the army personnel, nevertheless it is an autonomous banking institutions. Its head office is in Dhaka. By the end of December in 2010, it had 45 branches, 5 SME braches and a total of 1175 regular employees.
The bank conducts all types of commercial banking activity. It has achieved remarkable success in collecting deposit. The bank has introduced 3 deposit schemes namely Trust Target, Trust Double Deposit Scheme, and Trust Deposit Insurance Scheme. Trust Bank operates Customer Focused Scheme under Retail Banking. Deposit projects are Fixed Deposit Receipt (FDR), Trust Smart Savers Scheme (TSS), Trust Twice Profit Scheme (TDLS), Trust Money Making Scheme (TMMS), Trust Educare Scheme (TES), Deposit Scheme based on Monthly Profit (MBDS), Lacpoti (Millionaire) Savings Scheme (LSS) and Interest Fast Deposit Scheme (IFFDS).


The bank conducts all types of commercial banking activity. It has achieved remarkable success in collecting deposit. The bank has introduced 3 deposit schemes namely Trust Target, Trust Double Deposit Scheme, and Trust Deposit Insurance Scheme. Trust Bank operates Customer Focused Scheme under Retail Banking. Deposit projects are Fixed Deposit Receipt (FDR), Trust Smart Savers Scheme (TSS), Trust Twice Profit Scheme (TDLS), Trust Money Making Scheme (TMMS), Trust Educare Scheme (TES), Deposit Scheme based on Monthly Profit (MBDS), Lacpoti (Millionaire) Savings Scheme (LSS) and Interest Fast Deposit Scheme (IFFDS).'
In 2006, Trust Bank launched Online Banking Services. The bank introduced merchant banking and islami banking activities since April and July of 2008 respectively. All earning profit of the bank invests in social interest of Army Welfare Trust. The bank has own programme to reduced poverty and socio-economic development of the country. Trust Bank disburse loan in easy terms to the soldiers of Air, Naval and Army force with the view of their lifestyle development and welfare.  


In 2006, Trust Bank launched Online Banking Services. The bank introduced merchant banking and islami banking activities since April and July of 2008 respectively. All earning profit of the bank invests in social interest of Army Welfare Trust. The bank has own programme to reduced poverty and socio-economic development of the country. Trust Bank disburse loan in easy terms to the soldiers of Air, Naval and Army force with the view of their lifestyle development and welfare.
In the beginning (1999), the bank did not operate foreign exchange business but later it starts foreign exchange and foreign business in limited scale. The bank established correspondent relationships with 21foreign banks.  


In the beginning (1999), the bank did not operate foreign exchange business but later it starts foreign exchange and foreign business in limited scale. The bank established correspondent relationships with 10 foreign banks. By the end of 2008, the volume of foreign exchange business rose to 28,529 million taka gradually, of which the amount of export, import and remittance is 6079 million, 16661 million and 5789 million taka respectively. [Muhammad Abdul Mazid]
In 2020, bank deposits accounted for 1.9 per cent of total banking sector deposits and loans and advances accounted for 1.9 per cent of total banking sector loans and advances. The average interest rate differential between June 2020 based deposits and loans and advances was 4.7 percent. [Muhammad Abdul Mazid]


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]


[[bn:ট্রাস্ট ব্যাংক লিমিটেড]]
[[bn:ট্রাস্ট ব্যাংক লিমিটেড]]

Latest revision as of 20:32, 13 October 2023

Trust Bank Limited is a commercial bank in private sector of Bangladesh. It was incorporated in June 1999 and next month of the same year got licensed from the bangladesh bank. It started business operations in November 1999 with an authorised capital of Tk 1,000 million and paid up capital of Tk 200 million. The bank entered into the capital market selling Initial Public Offering (IPO) in July of 2007 and accumulated 467 million taka as paid up capital. Army Welfare Trust designated as group-A shareholder holds 50% of paid up capital and the public designated as group-B shareholders holds the remaining 50%.

Basic Facts and Economic Indicators (In Million Taka)

Indicators 2018 2019 2020
Authorized Capital 10000 10000 10000
Paid up Capital 5569.7 6126.6 6433
Reserved Fund 7255.7 9210.8 11778
Deposits 212711.7 242024.7 288403.9
a) Call Deposits 34107.4 35657.6 36699.3
b) Term Deposits 178604.3 206367.1 251704.6
Loans and Advances 197135.6 210766.7 221063.9
Investment 32305 41041.9 90944.8
Total Asset 259636.7 295173..4 354778.4
Total Income 21405.1 24762.6 25699.8
Total Expenditure 15080 17589.1 18120
Foreign Currency Trading 206287.6 152680 117174
a) Export 36552.5 37730 34680.8
b) Import 119622.5 66080 72201.4
c) Remittance 50112.6 48870 10291.6
Total manpower 1907 1940 1951
a) Officers 1907 1940 1951
b) Staff 0 0 0
Correspondent Banks 21 21 21
Total Branches (in numbers) 110 112 113
a) Domestic 110 112 113
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 2055.9 4105.5 3609.2
Realised 496.9 3305.3 1515.6
Industrial Credit
Loan Disbursed 73766.1 85619.2 59580.9
Realsied 57587.5 65025.8 60917.6
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 1991.3 3362.7 3810.3
Industry 42828.9 45782.2 50348.1
Trade and Commerce 21082.9 19561.1 21123.8
Poverty Reduction 0 0
CSR 77.2 180.1 14.7

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

The managing director is the chief executive of the bank. Although the bank was established under the endowment/funding by the Army Welfare Trust and in the board of directors except the Managing Director and 2 Independent Directors all other 6 Directors are recruited from the army personnel, nevertheless it is an autonomous banking institutions. Its head office is in Dhaka. By the end of December in 2020 it had 151 branches, and a total of 1951 regular employees.

The bank conducts all types of commercial banking activity. It has achieved remarkable success in collecting deposit. The bank has introduced 3 deposit schemes namely Trust Target, Trust Double Deposit Scheme, and Trust Deposit Insurance Scheme. Trust Bank operates Customer Focused Scheme under Retail Banking. Deposit projects are Fixed Deposit Receipt (FDR), Trust Smart Savers Scheme (TSS), Trust Twice Profit Scheme (TDLS), Trust Money Making Scheme (TMMS), Trust Educare Scheme (TES), Deposit Scheme based on Monthly Profit (MBDS), Lacpoti (Millionaire) Savings Scheme (LSS) and Interest Fast Deposit Scheme (IFFDS).

In 2006, Trust Bank launched Online Banking Services. The bank introduced merchant banking and islami banking activities since April and July of 2008 respectively. All earning profit of the bank invests in social interest of Army Welfare Trust. The bank has own programme to reduced poverty and socio-economic development of the country. Trust Bank disburse loan in easy terms to the soldiers of Air, Naval and Army force with the view of their lifestyle development and welfare.

In the beginning (1999), the bank did not operate foreign exchange business but later it starts foreign exchange and foreign business in limited scale. The bank established correspondent relationships with 21foreign banks.

In 2020, bank deposits accounted for 1.9 per cent of total banking sector deposits and loans and advances accounted for 1.9 per cent of total banking sector loans and advances. The average interest rate differential between June 2020 based deposits and loans and advances was 4.7 percent. [Muhammad Abdul Mazid]

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