Dhaka, Bangladesh (BBN) - Bangladesh Bank (BB) issued a licence for Shimanto Bank Limited, owned by the Border Guard Bangladesh (BGB) Welfare Trust.
The central bank of Bangladesh on Thursday issued the licence to the Shimanto Bank for running their business after complying with all rules and regulations, officials said.
The private commercial bank will give a special attention to operating it banking activities in the border areas aiming to bring the marginal people under the financial system, according to the people familiar with the bank.
The BGB Welfare Trust has already appointed Mukhlesur Rahman as the managing director and chief executive officer to run the commercial bank. Before joining the bank, Mr. Rahman was the MD and CEO of NRB Bank Limited.
With the Shimanto Bank the number of scheduled banks in Bangladesh now stands at 57.
BBN/SSR/AD