List of banks in Bangladesh

The banking sector of Bangladesh is made up of various types of financial institutions. All types of banks are governed by a specific structure. After the independence of the country in 1972, the Dhaka branch of the State Bank of Pakistan was reorganized as the central bank of the country 1972. Which is named Bangladesh Bank from 16 December 1971 according to the constitution of the country. Later, the main regulatory authorities of the banking sector were the Bangladesh Bank and the Central Bank of Bangladesh. Other than these banks, Bangladesh is primarily divided into two categories: scheduled and non-scheduled banks.

The banking situation in Bangladesh has already gained momentum with domestic and international banks gathering momentum. All banks in Bangladesh are following ‘cost’, determined by the revenue minus profit model.

Scheduled banks in Bangladesh

At present, there are 61 scheduled banks in Bangladesh, and banks are licensed under the Bank Company Act, 1991.

Specialized banks (SDBs) list

There are specialized banks operating in Bangladesh. Two banks are operating in the agriculture sector, and One is Probashi Kallyan Bank established for people living abroad.

  • Bangladesh Krishi Bank
  • Rajshahi Krishi Unnayan Bank
  • Probashi Kallyan Bank.

State-owned commercial banks (SOCBs) list

  • Agrani Bank Limited
  • Bangladesh Development Bank
  • BASIC Bank Limited
  • Janata Bank Limited
  • Rupali Bank Limited
  • Sonali Bank Limited.

Private commercial banks

There are 43 commercial banks in Bangladesh those banks’ operational activities are operated privately.

Islami Shariah Based

A total of 10 banks are operated based on Islamic Sharia.

  • Al-Arafah Islami Bank Limited
  • EXIM Bank Limited
  • First Security Islami Bank Limited
  • Global Islamic Bank Ltd
  • ICB Islamic Bank Limited
  • Islami Bank Bangladesh Limited
  • Shahjalal Islami Bank Limited
  • Social Islami Bank Limited
  • Union Bank Limited
  • Standard Bank Limited.

Conventional PCBs

A total of 33 banks are operating in the industry.

  • AB Bank Limited
  • Bangladesh Commerce Bank Limited
  • Bank Asia Limited
  • Bengal Commercial Bank Limited
  • BRAC Bank Limited
  • Citizens Bank PLC
  • 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
  • One Bank Limited
  • Padma Bank Limited
  • Premier Bank Limited
  • Prime Bank Limited
  • Pubali 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.

Foreign commercial banks list

  • Bank Al-Falah Limited (Pakistan)
  • Citibank N.A (United States of America)
  • Commercial Bank of Ceylon PLC (Sri Lanka)
  • Habib Bank Limited (Pakistan)
  • HSBC (United Kingdom)
  • 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 for specific functions and purposes, and cannot offer the same range of services as scheduled banks.

  • Ansar VDP Unnayan Bank
  • Grameen Bank
  • Jubilee Bank
  • Karmashangosthan Bank
  • Palli Sanchay Bank.

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