Citizens Bank PLC

Citizens Bank PLC (Bengali: সিটিজেনস ব্যাংক পিএলসি) is one of the fifth generation banks, scheduled 61st Private Commercial Bank in Bangladesh.[2] Towfika Aftab is the chairman of the bank.[3]

Citizens Bank
TypePrivate Commercial Bank
IndustryFinancial services
Banking
Founded15 December 2020
HeadquartersChini Shilpa Bhaban-2, 76 Motijheel C/A, Dhaka 1000.
Key people
Towfika Aftab (Chairman)[1] Mohammad Masoom (Managing Director & CEO)
Websitewww.citizensbankbd.com

History

Bangladesh Bank accorded final approval to Citizens Bank PLC as a Commercial Scheduled Bank in the private sector on 15 December, 2020.[4] Earlier, the bank had applied for an extension at several board meetings of Bangladesh Bank as it could not meet other required conditions including paid-up capital of BDT. 500 crore.[5] The chairperson of the bank, Towfika Aftab, she is married to AKM Aftab ul Islam who is a director of Bangladesh Bank.[6] Citizens Bank has been given final approval at the 410th Board Meeting of Bangladesh Bank in 2020 after fulfilling the necessary conditions. After that, a letter was officially sent from the central bank to the Citizens Bank authorities to start banking activities in the country.[7] In November, Md Sayedul Hasan, managing director of the bank, died.[8]

Mohammad Masoom was appointed managing director of the bank in January 2021.[9]

The bank held its first annual general meeting in June at its headquarter.[10] It signed a memorandum of understanding with the Asgar Ali Hospital.[11] In September 2022, Bangladesh Bank approved Citizens Bank to operate as a primary dealer.[12]

See also

References
  1. সিটিজেনস ব্যাংকের চেয়ারম্যান হলেন তৌফিকা আফতাব. Kaler Kantho (in Bengali).
  2. তপশিলভুক্ত হলো সিটিজেনস ব্যাংক. The Daily Ittefaq (in Bengali). Retrieved 2022-12-05.
  3. "Citizens Bank opens doors to customers". UNB. Retrieved 2022-12-05.
  4. তফসিলি ব্যাংকের তালিকায় এখন ‘সিটিজেনস ব্যাংক’. jagonews24.com (in Bengali). Retrieved 2022-12-05.
  5. তফসিলি ব্যাংকের তালিকায় এখন ‘সিটিজেনস ব্যাংক’. jagonews24.com (in Bengali). Retrieved 2022-12-05.
  6. Uddin, AKM Zamir (2020-12-08). "Bangladesh Bank approves new bank". The Daily Star. Retrieved 2022-12-05.
  7. "Citizens Bank gets the final nod from Bangladesh Bank". Dhaka Tribune. 2020-12-07. Retrieved 2022-12-05.
  8. "Sayedul Hasan passes away". The Daily Star. 2020-11-24. Retrieved 2022-12-05.
  9. "Citizens Bank Appoints Mohammad Masoom as MD and CEO". The Business Standard. 2021-01-17. Retrieved 2022-12-05.
  10. "Citizens Bank PLC hold its first annual general meeting". The Business Standard. 2022-06-12. Retrieved 2022-12-05.
  11. "Asgar Ali Hospital signs MoU with Citizens Bank PLC". The Business Standard. 2022-10-18. Retrieved 2022-12-05.
  12. "Citizens Bank to work as a primary dealer". The Daily Star. 2022-09-29. Retrieved 2022-12-05.
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