Masihul Huq Chowdhury has been appointed as the Managing Director & CEO of Community Bank for the second term
The Board of Directors of Community Bank Bangladesh Limited has appointed Mr. Masihul Huq Chowdhury as the Managing Director & CEO of the Bank for the second consecutive term which has been duly approved by Bangladesh Bank. His upcoming 3-Years term will be effective from 1st December 2021.
Mr. Chowdhury has been serving as the MD & CEO of the Community Bank since its inception. Soon after the commencement of its commercial operation in September 2019 under his leadership, Community Bank has reached out to 64 district with 18 branches, 165 own ATMs/CRMs, 24/7 Call Center and 110 service desks. Since its inception Community Bank was focused on its ‘Digital First’ strategy, and therefore, strengthen the alternate delivery channel primarily its ‘Community Cash’ mobile application and ATM network. As a result, 99% of the Bank’s transactions are now generated through this channel. During this period, a significant portion of the customers were on-boarded to formal banking channel of which more than 72% are now actively using its mobile application to perform day to day banking transactions. This is a unique example in the banking industry in Bangladesh. Community Bank bagged renowned Infosys-Finacle Innovation Awards in various categories consecutively in 2020-21. Community Bank has been offering customized banking solution for people from all walks of life, which has in turn attracted a large number of customers. Under his leadership Community Bank has achieved ‘A’ Credit Rating in the long term within its first year of operation. The Board of Directors of Community Bank expressed that the appointment of Mr. Masihul Huq Chowdhury in his second-term will play a vital role in the continuity of growth of this Bank.
Mr. Masihul Huq Chowdhury started his career with American Express Bank in 1992 just after obtaining Masters of Business Administration from the Institute of Business Administration (IBA), University of Dhaka. During the 30 years career he worked for Standard Chartered, Citibank N.A., IPDC and other leading financial institutions both in country and overseas.
An omega Certified Credit Professional, Masihul has in-depth work experience in Wholesale Banking, Retail Banking, Structured & Syndication Financing, Credit, Trade, SME, Operations and Process Re-engineering. Mr. Masihul takes keen interest on education and was adjunct faculty member in BRAC University. He is regular contributor to various Dailies. In personal life Masihul is married and blessed with a daughter.