Trust Bank is primarily owned and backed by the Army Welfare Trust of the Bangladesh Army. This trust serves as the foundational entity supporting the bank's operations and strategic direction.
Understanding Trust Bank's Ownership Structure
Trust Bank Limited operates as a private commercial bank in Bangladesh, having been established in 1999. Its unique ownership structure links it directly to the defense sector of the nation. The bank's strong backing by the Army Welfare Trust of the Bangladesh Army signifies a deep connection to the welfare and financial interests of the armed forces.
The Army Welfare Trust plays a crucial role in providing the foundational support and strategic oversight for Trust Bank. While the bank functions as a commercial entity, its ultimate support and significant influence stem from this trust.
The leadership of Trust Bank is also closely associated with the Bangladesh Army. For instance, General Waker-uz-Zaman, who holds the significant position of Chief of Bangladesh Army, serves as the chairman of Trust Bank. This leadership structure reinforces the bank's alignment with the objectives and values of the Army Welfare Trust.
Key Details About Trust Bank
| Aspect | Detail |
|---|---|
| Primary Backing/Owner | Army Welfare Trust of Bangladesh Army |
| Type of Institution | Private Commercial Bank |
| Year Established | 1999 |
| Country of Origin | Bangladesh |
| Current Chairman | General Waker-uz-Zaman (Chief of Bangladesh Army) |
This structure ensures that Trust Bank operates with a strong institutional backing, contributing to its stability and operational framework within the Bangladeshi financial sector.
