The Trust Bank Limited; An Army Sponsored Bank

The Trust Bank limited (TBL), a private commercial bank sponsored by the Bangladesh Army Welfare Trust, started its operations in November 29, 1999. They gained success from the very beginning of their operation and were capable enough to hold the success year after year. They gained success very early because they have a very strong backup to provide them financial

support and they are the Army Welfare Trust. This bank is very much popular within the army community because all the financial activities of the army done by this bank. In a recent days the Trust Bank Ltd also gaining popularity in the general people and also for the business people.

In addition to ensuring quality customer services related to general banking the bank also deals in Foreign Exchange transactions. In the mean time the bank has extended credit facilities to almost all the sector of the country’s economy. The bank has plans to invest extensively in the country’s industrial and agricultural sectors in the coming days.

It has also plans to promote the agro-based industries of the country. The bank has already participated in syndicated loan agreement with other banks to promote textile sectors of the country. Such participation would continue in the future for greater interest of the overall economy. Keeping in mind the client’s financial and banking needs the bank is engaged in constantly improving its services to the clients and launching new and innovative products to provide better services towards fulfillment of growing demands of its customers.

The authorized capital of the bank is Tk. 5000 million. The Army Welfare Trust (AWT) is the major shareholder bearing 51% share. Total shareholders’ equity at the end of March 2011 stood at Tk. 5,342,107,706, where Paid-up capital is Tk. 2,217,606,200, statutory reserve is Tk 6 7,160,847 and Retained Earnings is Tk. 2 11,645,023. The Paid- up capital is indicative of the face value of 5, 00,000 ordinary shares of Tk. 1,000/-each fully subscribed by the shareholders.