CHAIRMAN'S MESSAGE

Bismillahir Rahmanir Rahim

Distinguished Shareholders,
Assalamu Alaikum

It is a great pleasure for me to welcome you all to the 10th annual general meeting of the Bank. I take this opportunity to express my heartfelt gratitude to you for all the confidence and trust you have placed in us and in our endeavors to reach banking services to the doorsteps of our customers.

Trust Bank passed another successful year of performance despite recession in the global economy and the shock of recession on domestic economy. This solid performance is a testimony of Bank's commitment and care for the stakeholders. All of our performance indicators registered significant growth during the year under review. Our deposits shot up by 21%, loans & advances by 47% and profit by 46.71% over that of previous year. The strong performance was contributed from continuous growth in loans and advances, especially retail loans and SME loans.

As I indicated last year, we want to expand our banking network through out the country. As part of our expansion policy, 5 branches were opened in 2007 and 9 more have been planned in 2008. Wide media coverage of our IPO has opened up new opportunity for us. Moreover, we have acquired state-of-the-art online banking system, which have provided any branch banking facility to the customers. Customers are enjoying different technology based services like internet banking, SMS banking, phone banking etc. Besides, Bank's shared Q-Cash ATM network is now connected to all major ATM networks of the country, thus giving wider choice to the customers. We believe investment in technology will further augment Bank's business. As our Bank is now in a growing stage, we are constantly seeking to enter untapped markets. As indicated in the Directors' Report, we have entered The SME and retail markets. SMEs have been recognized as the engine for national development and retail loan products have huge prospect due to expanding market. Besides, at the end of 2007, we have received permission from Bangladesh Bank for introducing Islamic Banking, and license for merchant banking operation from Securities and Exchange Commission. Islamic Banking will cater the need of a segment of our valued customers. Merchant banking seems to have a very bright prospect due to buoyant capital market activities in the recent days. We expect handsome revenue from merchant banking operation in the coming years.

We firmly believe that consistently strong performance of the Bank is the result of efficient, competent, committed and dedicated employees. We try to create a mutual trust and dignity and our investment in human resource is the key to success. Bank plans to hire, develop and retain the human resource base with the right level of skills and talent to meet current and future challenges. Training Academy of the Bank arranges regular training courses for new as well as existing employees. Besides, during the year under review, a significant number of employees were sent to various trainings, workshops and seminars at Bangladesh Bank, BIBM and abroad.

We firmly believe that consistently strong performance of the Bank is the result of efficient, competent, committed and dedicated employees. We try to create a mutual trust and dignity and our investment in human resource is the key to success. Bank plans to hire, develop and retain the human resource base with the right level of skills and talent to meet current and future challenges. Training Academy of the Bank arranges regular training courses for new as well as existing employees. Besides, during the year under review, a significant number of employees were sent to various trainings, workshops and seminars at Bangladesh Bank, BIBM and abroad.

I strongly believe that our personalized customer service with existing and prospective products coupled with latest online banking services will bring sustainable growth for the Bank.

On the occasion of Bank's 9th annual general meeting, I would like to take the opportunity to thank all the personnel of the Bank for their dedication, hard work and commitment, which will pave new vista to the future prosperity and wellbeing of the organization.

I would also take this opportunity to thank our valued clients, patrons, shareholders and well wishers for their continued support and cooperation, without which the Bank would not have been able to reach its present position. We remain grateful to Bangladesh Bank, Securities and Exchange Commission and other regulatory bodies for their able guidance and unabated support to our causes. I would also thank our Auditors. Legal Advisors and Tax Consultants for their valuable advice and contribution. I am also indebted to my colleagues in the Board for their prudent counsel and continued support they have provided me in leading the Bank.

On behalf of the Board of Directors


MOEEN U AHMED
General Moeen U Ahmed, ndc, psc
Chief of Army Staff, Bangladesh Army
Chairman