Question 1

What is Shimanto Bank?

Accepted Answer

Shimanto Bank PLC is a scheduled commercial bank in Bangladesh affiliated with the Border Guards Bangladesh (BGB). Operating under the slogan "Shimanhin Astha" (meaning "limitless trust"), the bank aims to serve as a leading financial institution providing banking services to BGB personnel, their families, and the general public. It is a relatively young institution focused on inclusive banking and financial services for both military personnel and the broader Bangladeshi population.

As of 2020, Shimanto Bank had deposits totaling 12.09 billion taka. By October 2024, the bank operated 25 branches, 7 sub-branches, and 28 ATM booths across Bangladesh.

Question 2

When was Shimanto Bank founded?

Accepted Answer

Shimanto Bank was established on July 21, 2016, through an act of parliament and was planned by Prime Minister Sheikh Hasina. Major General Aziz Ahmed served as the founder chairman, with Brigadier General Taufiqul Hasan Siddiquee as project director.

Moklesur Rahman was appointed as the first managing director and CEO on August 1, 2016. Prime Minister Sheikh Hasina formally inaugurated the bank on September 1, 2016, with the principal branch opening on October 10, 2016.

Question 3

Where is Shimanto Bank headquartered?

Accepted Answer

Shimanto Bank is headquartered at Shimanto Shamvar (Level-7), Shimanto Square, Bir Uttam M.A. Rob Sarak (Road No. 2), Dhanmondi, Dhaka-1205, Bangladesh. The head office is strategically located in Dhaka's Dhanmondi area, providing accessible services to customers in the capital city.

Question 4

Where does Shimanto Bank operate?

Accepted Answer

Shimanto Bank operates across Bangladesh with a network covering both urban and rural areas. The bank has established branches in major cities including Dhaka, Chittagong, Sylhet, Rajshahi, and Khulna, as well as in smaller towns and districts.

With nearly 60 locations including branches, sub-branches, and ATM booths, the bank serves communities throughout the country. Its presence in border areas aligns with its mission to provide banking services to BGB personnel stationed across Bangladesh.

Question 5

What services does Shimanto Bank offer?

Accepted Answer

Shimanto Bank offers comprehensive commercial banking services including personal banking with savings and deposit accounts, personal loans, and investment products. Corporate banking services include business loans, trade finance, and cash management solutions for SMEs and corporate clients.

The bank provides remittance services, foreign exchange transactions, and digital banking solutions including mobile banking and online banking platforms. All branches are equipped with modern banking technology, and customers can access services through ATM networks and electronic banking channels.

Question 6

What makes Shimanto Bank unique?

Accepted Answer

Shimanto Bank is unique as Bangladesh's first banking institution established specifically for the welfare of Border Guards Bangladesh personnel and their families. It is fully owned by the Border Guard Bangladesh Welfare Trust, making it a specialized institution serving the military community.

The Director General of Border Guards Bangladesh serves as the ex-officio chairman of the bank. While primarily focused on BGB members, the bank also extends services to the general public, particularly targeting marginalized populations and underbanked communities in remote border areas.

Question 7

What type of financial institution is Shimanto Bank?

Accepted Answer

Shimanto Bank is a scheduled commercial bank in Bangladesh, operating under a banking license granted by Bangladesh Bank. As a public limited company incorporated under the Companies Act 1994, it conducts full-fledged commercial banking operations.

The bank is listed on both the Dhaka Stock Exchange and Chittagong Stock Exchange. It operates with a paid-up capital of BDT 4,000 million and is regulated by Bangladesh Bank, adhering to all commercial banking regulations and standards.

Shimanto Bank

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About Shimanto Bank in Bangladesh