List of Banks in Bangladesh

List of banks in Bangladesh: The banking sector in Bangladesh consists of several types of institutions. Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector

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 it Bangladesh Bank with retrospective effect from 16 December 1971. Other than the Central Bank itself, banks in Bangladesh are primarily categorized into two types: Scheduled and Non-Scheduled banks.

Scheduled List of banks in Bangladesh

Scheduled banks are licensed under the Bank Company Act, 1991 (Amended up to 2013). Currently, there are 61 scheduled banks in Bangladesh.

State-owned commercial banks (SOCBs)

There are 6 state-owned commercial banks (SOCBs) that the Government of Bangladesh fully or majorly owns.

1. Agrani Bank Limited
2. Bangladesh Development Bank
3. BASIC Bank Limited
4. Janata Bank Limited
5. Rupali Bank Limited
6. Sonali Bank Limited

Specialized banks (SDBs)

3 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. Probashi Kallyan Bank

Private commercial banks (PCBs)

There is a total of 43 PCBs in operation right now. They are majorly owned by private entities and classified into two types.

Conventional PCBs

In total 33 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion i.e. interest-based operations.

1. AB Bank Limited
2. Bangladesh Commerce Bank Limited
3. Bank Asia Limited
4. Bengal Commercial bank ltd
5. BRAC Bank Limited
6. Citizens Bank PLC
7. City Bank Limited
8. Community Bank Bangladesh Limited
9. Dhaka Bank Limited
10. Dutch-Bangla Bank Limited
11. Eastern Bank Limited
12. IFIC Bank Limited
13. Jamuna Bank Limited
14. Meghna Bank Limited
15. Mercantile Bank Limited
16. Midland Bank Limited
17. Modhumoti Bank Limited
18. Mutual Trust Bank Limited
19. National Bank Limited
20. National Credit & Commerce Bank Limited
21. NRB Bank Limited
22. NRB Commercial Bank Ltd
23. One Bank Limited
24. Padma Bank Limited
25. Premier Bank Limited
26. Prime Bank Limited
27. Pubali Bank Limited
28. Shimanto Bank Ltd
29. Southeast Bank Limited
30. South Bangla Agriculture and Commerce Bank Limited
31. Trust Bank Limited
32. United Commercial Bank Ltd
33. Uttara Bank Limited

Islami Shariah Based PCBs

There are 10 Islami Shariah-based PCBs in Bangladesh and they execute banking activities according to Islami Shariah-based principles i.e. Profit-Loss Sharing (PLS) model.

1. Al-Arafah Islami Bank Limited
2. EXIM Bank Limited
3. First Security Islami Bank Limited
4. Global Islamic Bank Ltd
5. ICB Islamic Bank Limited
6. Islami Bank Bangladesh Limited
7. Shahjalal Islami Bank Limited
8. Social Islami Bank Limited
9. Union Bank Ltd
10. Standard Bank Limited

Foreign commercial banks (FCBs)

In total 9 FCBs are operating in Ban glades as the branches of the banks which are incorporated abroad.

1. Bank Al-Falah Limited (the United Arab Emirates.
2. Citibank N.A (United States of America)
3. Commercial Bank of Ceylon PLC (Sri Lanka)
4. Habib Bank Limited (Pakistan)
5. HSBC (Hong Kong)
6. National Bank of Pakistan (Pakistan)
7. Standard Chartered Bank (United Kingdom)
8. State Bank of India (India)
9. Woori Bank (South Korea)

Non-scheduled banks

Non-scheduled banks are licensed only for specific functions and objectives and do not offer the same range of services as scheduled banks. There are now 5 non-scheduled banks in Bangl adesh.

1. Ansar VDP Unnayan Bank
2. Grameen Bank
3. Jubilee Bank
4. Karmashangosthan Bank
5. Palli Sanchay Bank

Non-bank financial institutions in Bangladesh (NBFIs)

Non-bank financial institutions (NBFIs), simply known as financial institutions (FIs), are those types of financial institutions which are regulated under the Financial Institution Act, of 1993 and controlled by the Bangla desh Bank. Now, 34 FIs are operating in Bang ladesh while the maiden one was established in 1981. Out of the total, two are fully government-owned, one is the subsidiary of a SOCB, 15 were initiated by private domestic initiatives, and 15 were initiated by joint venture initiatives.

NBFI’s include:

1. Agrani SME Financing Company Limited
2. Bangl adesh Finance and Investment Company Limited (BD Finance)
3. Bangl adesh Industrial Finance Company Limited (BIFC)
4. Bangl adesh Infrastructure Finance Fund Limited (BIFFL)
5. Bay Leasing & Investment Limited
6. CVC Finance Limited
7. Delta Brac Housing Finance Corporation Ltd. (DBH)
8. Fareast Finance & Investment Limited
9. FAS Finance & Investment Limited
10. First Finance Limited
11. GSP Finance Company (Bangl adesh) Limited (GSPB)
12. Hajj Finance Company Limited
13. IDLC Finance Limited
14. Industrial and Infrastructure Development Finance Company Limited (IIDFC)
15. Infrastructure Development Company Limited (IDCOL)
16. International Leasing and Financial Services Limited
17. IPDC Finance Limited
18. Islamic Finance and Investment Limited
19. LankaBangla Finance Limited
20. Lankan Alliance Finance Limited
21. Meridian Finance and Investment Ltd.
22. MIDAS Financing Limited. (MFL)
23. National Finance Ltd
24. National Housing Finance and Investments Limited
25. People’s Leasing and Financial Services Ltd
26. Phoenix Finance and Investments Limited
27. Premier Leasing & Finance Limited
28. Prime Finance & Investment Ltd
29. Reliance Finance Limited
30. Saudi-Bangla desh Industrial and Agricultural Investment Company Limited (SABINCO)
31. The UAE-Bangla desh Investment Co. Ltd
32. Union Capital Limited
33. United Finance Limited
34. Uttara Finance and Investments Limited

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