list of banks in bangladesh
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List of banks in BangladeshFrom Wikipedia, the free encyclopedia
The commercial banking system dominates Bangladesh's financial sector. Bangladesh Bank is the Central
Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four
state-owned commercial banks, five specialized banks, thirty eight private commercial banks, one land
development bank and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a
specialized micro-finance institution, which revolutionized the concept of micro-credit and contributed greatly
towards poverty reduction and the empowerment of women in Bangladesh.
Contents
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1 Central bank
2 State-owned commercial banks
3 Private commercial banks
4 Foreign commercial banks
5 Specialized banks
6 Land development bank
7 Non-banking financial institutions
8 References
Central bank[edit]
Bangladesh Bank
Pursuant to Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka branch of
the State Bank of Pakistan as the central bank of the country, and named itBangladesh Bank with retrospective
effect from 16 December 1971.
Banks
After the independence, banking industry in Bangladesh started its journey with 6 Nationalized commercialized
banks, 2 State owned Specialized banks and 3 Foreign Banks. In the 1980s banking industry achieved
significant expansion with the entrance of private banks. Now, banks in Bangladesh are primarily of two types:
Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003)
are termed as Scheduled Banks.State-owned commercial banks, private commercial banks, islamic
commercial banks, foreign commercial banks and some specialized banks are Scheduled Banks.
Non-Scheduled Banks: The banks which are established for special and definite objective and operate under
the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks
cannot perform all functions of scheduled banks. Grameen Bank, Probashi Kallyan Bank, Karmasangsthan
Bank, Progoti Co-operative Land Development Bank Limited (progoti Bank) and Answer VDP Unnayan
Bank are Non-Scheduled Banks.
Non-banking financial institutions
Non-banking financial institutions which are not banks.These institutions cannot perform all functions of banks,
which get license to operate under Financial Institution Act, 1993 are termed as Non-banking financial
institutions.
State-owned commercial banks[edit]
State-owned are functioning as nationalist. Here is the list -
1. Agrani Bank
2. Sonali Bank
3. Rupali Bank
4. Janata Bank
Private commercial banks[edit]
Private banks are the highest growth sector due to the dismal performances of government banks (above).
They tend to offer better service and products. Here is the list -
1. Uttara Bank Limited
2. Mutual Trust Bank Limited
3. Dhaka Bank Limited
4. Eastern Bank Limited
5. Dutch Bangla Bank Limited
6. Pubali Bank Limited
7. IFIC Bank Limited
8. National Bank Limited
9. The City Bank Limited
10. NCC Bank Limited
11. Mercantile Bank Limited
12. Prime Bank Limited
13. Southeast Bank Limited
14. Standard Bank Limited
15. One Bank Limited
16. Bangladesh Commerce Bank Limited
17. The Premier Bank Limited
18. Bank Asia Limited
19. Trust Bank Limited
20. Jamuna Bank Limited
21. AB Bank Limited
22. NRB Commercial Bank Limited
23. NRB Bank Limited
24. Meghna Bank Limited
25. Farmers Bank Limited
26. Modhumoti Bank Limited
27. South Bangla Agriculture and Commerce Bank Ltd
28. Midland Bank Limited
29. United Commercial Bank Ltd
30. BRAC Bank Limited
There are 8 Islamic Commercial Banks:
1. Islami Bank Bangladesh Limited
2. Shahjalal islami bank Limited
3. First Security Islami Bank Limited
4. Export Import Bank of Bangladesh Limited
5. Al-Arafah Islami Bank Limited
6. Social Islami Bank Limited
7. ICB Islamic Bank
8. Union Bank Limited
Foreign commercial banks[edit]
9 foreign commercial banks are operating in Bangladesh. These are:
1. Citibank NA
2. HSBC
3. Standard Chartered Bank
4. Commercial Bank of Ceylon
5. State Bank of India
6. Habib Bank Limited
7. National Bank of Pakistan
8. Woori Bank
9. Bank Alfalah
Specialized banks[edit]
Specialized Banks (SDBs): 4 specialized banks are now operating which were established for specific
objectives like agricultural or industrial development. These banks are also fully or majorly owned by the
Government of Bangladesh.
1. Bangladesh Krishi Bank
2. Rajshahi Krishi Unnayan Bank
3. Bangladesh Development Bank Ltd
4. BASIC Bank Limited
5. Probashi Kallyan Bank
Land development bank[edit]
Progoti Co-operative Land Development Bank Limited (progoti Bank)
Non-banking financial institutions[edit]
1. Uttara Finance and Investments Limited
2. United Leasing Company Limited (ULCL)
3. Union Capital Limited
4. The UAE-Bangladesh Investment Co. Ltd
5. Saudi-Bangladesh Industrial & Agricultural Investment Company Limited (SABINCO)
6. Reliance Finance Limited
7. Prime Finance & Investment Ltd
8. Premier Leasing & Finance Limited
9. Phoenix Finance and Investments Limited
10. People's Leasing and Financial Services Ltd
11. National Housing Finance and Investments Limited
12. National Finance Ltd
13. MIDAS Financing Ltd. (MFL)
14. LankaBangla Finance Ltd.
15. Islamic Finance and Investment Limited
16. International Leasing and Financial Services Limited
17. Infrastructure Development Company Limited (IDCOL) ¿
18. Industrial Promotion and Development Company of Bangladesh Limited(IPDC)
19. Industrial and Infrastructure Development Finance Company (IIDFC) Limited
20. IDLC Finance Limited
21. Hajj Finance Company Limited
22. GSP Finance Company (Bangladesh) Limited (GSPB)
23. First Lease Finance & Investment Ltd.
24. FAS Finance & Investment Limited
25. Fareast Finance & Investment Limited
26. Delta Brac Housing Finance Corporation Ltd. (DBH)
27. Bay Leasing & Investment Limited
28. Bangladesh Industrial Finance Company Limited (BIFC)
29. Bangladesh Finance & Investment Co. Ltd.
30. Agrani SME Finance Co. Ltd.