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 2 types. They are Scheduled Banks and Non-Scheduled Banks.[1]
Scheduled banks
Scheduled banks are licensed under the Bank Company Act, 1991 (Amended up to 2013). Currently, there are 60 scheduled banks in Bangladesh.[1]
State owned banks (SOBs)
State owned commercial banks (SOCBs)
There are 6 state owned commercial banks (SOCBs) which are fully or majorly owned by the Government of Bangladesh.[1]
- Sonali Bank Limited
- Janata Bank Limited
- Agrani Bank Limited
- Rupali Bank Limited
- BASIC Bank Limited
- Bangladesh Development 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]
Private commercial banks (PCBs)
There is a total of 42 PCBs in Bangladesh are in operation right now. They are majorly owned by private entities and classified into two types.[1]
Conventional PCBs
In total 34 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
- Bangladesh Commerce Bank Limited
- Bank Asia Limited
- BRAC Bank Limited
- City Bank Limited
- Community Bank Bangladesh Limited
- Dhaka Bank Limited
- Dutch-Bangla Bank Limited
- Eastern Bank Limited
- IFIC Bank Limited
- Jamuna Bank Limited
- Meghna Bank Limited
- Mercantile Bank Limited
- Midland Bank Limited
- Modhumoti Bank Limited
- Mutual Trust Bank Limited
- National Bank Limited
- National Credit & Commerce Bank Limited
- NRB Bank Limited
- NRB Commercial Bank Ltd
- NRB Global Bank Ltd
- One Bank Limited
- Padma Bank Limited
- Premier Bank Limited
- Prime Bank Limited
- Pubali Bank Limited
- Standard Bank Limited
- Shimanto Bank Ltd
- Southeast Bank Limited
- South Bangla Agriculture and Commerce Bank Limited
- Trust Bank Limited
- United Commercial Bank Ltd
- Uttara Bank Limited
- Bengal Commercial Bank Ltd
Islami Shariah Based PCBs
There are 11 Islami Shariah-based PCBs in Bangladesh and they execute banking activities according to Islami Shariah-based principles i.e. Profit-Loss Sharing (PLS) mode.[1]
- Al-Arafah Islami Bank Limited
- EXIM Bank Limited
- First Security Islami Bank Limited
- ICB Islamic Bank Limited
- Islami Bank Bangladesh Limited
- Shahjalal Islami Bank Limited
- Social Islami Bank Limited
- Union Bank Ltd
- Standard Bank Limited
- NRB Global Bank
- Jamuna Bank Limited
Foreign commercial banks (FCBs)
In total 09 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad.[1]
- Bank Al-Falah Limited (Pakistan)
- Citibank N.A (United States of America)
- Commercial Bank of Ceylon PLC (Sri Lanka)
- Habib Bank Limited (Pakistan)
- HSBC (Hong Kong)
- National Bank of Pakistan (Pakistan)
- Standard Chartered Bank (United Kingdom)
- State Bank of India (India)
- 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 Bangladesh.[1]
Non-bank financial institutions (NBFIs)
Non-bank financial institutions (NBFIs), simply known as financial institutions (FIs), are those types of financial institutions which are regulated under Financial Institution Act, 1993 and controlled by Bangladesh Bank. Now, 34 FIs are operating in Bangladesh while the maiden one was established in 1981. Out of the total, 2 is fully government owned, 1 is the subsidiary of a SOCB, 15 were initiated by private domestic initiative and 15 were initiated by joint venture initiative.[1]
NBFI's include:[2]
- Agrani SME Financing Company Limited
- Bangladesh Finance and Investment Company Limited
- Bangladesh Industrial Finance Company Limited (BIFC)
- Bangladesh Infrastructure Finance Fund Limited (BIFFL)
- Bay Leasing & Investment Limited
- CVC Finance Limited
- Delta Brac Housing Finance Corporation Ltd. (DBH)
- Fareast Finance & Investment Limited
- FAS Finance & Investment Limited
- First Finance Limited
- GSP Finance Company (Bangladesh) Limited (GSPB)
- Hajj Finance Company Limited
- IDLC Finance Limited
- Industrial and Infrastructure Development Finance Company Limited (IIDFC)
- Infrastructure Development Company Limited (IDCOL)
- International Leasing and Financial Services Limited
- IPDC Finance Limited
- Islamic Finance and Investment Limited
- LankaBangla Finance Limited
- Lankan Alliance Finance Limited
- Meridian Finance and Investment Ltd.
- MIDAS Financing Limited. (MFL)
- National Finance Ltd
- National Housing Finance and Investments Limited
- People's Leasing and Financial Services Ltd
- Phoenix Finance and Investments Limited
- Premier Leasing & Finance Limited
- Prime Finance & Investment Ltd
- Reliance Finance Limited
- Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO)
- The UAE-Bangladesh Investment Co. Ltd
- Union Capital Limited
- United Finance Limited
- Uttara Finance and Investments Limited