List of banks in Bangladesh

From 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
[hide]

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.