Border Guard Bangladesh's (BGB) Shimanto Bank will start its operation from next month for the welfare of its members.
Prime Minister Sheikh Hasina is likely to inaugurate the Shimanto Bank in the first week of August at a programme at BGB headquarters in the city, said a press release on Saturday.
With the beginning of new journey of this public sector bank, a brainchild of Prime Minister Sheikh Hasina, the long-cherished dream of Border Guards of Bangladesh would be fulfilled.
"Shimanto Bank will start its operation as a commercial bank. It will deliver banking services to all sorts of people across the country especially in border areas where the BGB have networks," Abu Hena Mohd Razee Hassan, deputy governor of Bangladesh Bank and head of Bangladesh Financial Intelligence Unit (BFIU) told BSS.
The members of BGB will take get banking service easily from the bank and it will also play a vital role to improve the living standard of its members, he added.
The bank's capital is Tk 400 crore. The profit money of the bank will be provided to retired BGB members, wounded freedom fighters and BGB members and their families.