List of banks in Bangladesh GudangMovies21 Rebahinxxi LK21

      The bank 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.
      According to the 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 Bangladesh Bank, banks in Bangladesh are primarily categorized into two types: Scheduled and Non-Scheduled banks.


      Scheduled banks


      Scheduled banks are licensed under the Bank Company Act, 1991 (Amended to 2013).
      Currently, there are 62 scheduled banks in Bangladesh.


      = State-owned commercial banks (SOCBs)

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

      Agrani Bank PLC
      BASIC Bank Limited
      Janata Bank PLC
      Rupali Bank PLC
      Sonali Bank PLC
      Bangladesh Development Bank


      = 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.

      Bangladesh Krishi Bank
      Rajshahi Krishi Unnayan Bank
      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 a conventional fashion i.e. interest-based operations.

      AB Bank PLC
      Bangladesh Commerce Bank Limited
      Bank Asia PLC
      Bengal Commercial Bank Limited
      BRAC Bank PLC
      City Bank PLC
      Community Bank Bangladesh PLC
      Citizens Bank PLC
      Dhaka Bank PLC
      Dhaka Mercantile Co-Operative Bank Limited
      Dutch-Bangla Bank PLC
      Eastern Bank PLC
      IFIC Bank PLC
      Jamuna Bank Limited
      Meghna Bank PLC
      Mercantile Bank PLC
      Midland Bank Limited
      Modhumoti Bank Limited
      Mutual Trust Bank PLC
      National Credit & Commerce Bank PLC
      NRB Bank Limited
      NRBC Bank PLC
      ONE Bank PLC
      Premier Bank PLC
      Prime Bank PLC
      Pubali Bank PLC
      Shimanto Bank Limited
      Southeast Bank Limited
      South Bangla Agriculture and Commerce Bank Limited
      Trust Bank PLC
      United Commercial Bank PLC
      Uttara Bank PLC


      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) mode.

      Exim Bank PLC
      Al-Arafah Islami Bank PLC
      First Security Islami Bank PLC
      Global Islami Bank PLC
      ICB Islamic Bank PLC
      Islami Bank Bangladesh PLC
      Shahjalal Islami Bank PLC
      Social Islami Bank PLC
      Standard Bank PLC
      Union Bank PLC


      = Amalgamation

      =
      In April 2024, the central bank of Bangladesh issued banking merger policy for merger of weak banks with strong banks – both voluntary and mandatory. Following merger process are ongoing:

      Padma Bank Limited merged with EXIM Bank PLC
      National Bank Limited did not merge with United Commercial Bank PLC
      BASIC Bank PLC merged with City Bank PLC
      Bangladesh Development Bank PLC merged with Sonali Bank PLC
      Rajshahi Krishi Unnayan Bank merged with Bangladesh Krishi Bank


      = Foreign commercial banks (FCBs)

      =
      In total, 9 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad.

      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 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 which are:
      Ansar VDP Unnayan Bank,
      Karmashangosthan Bank,
      Grameen Bank,
      Jubilee Bank,
      Palli Sanchay Bank


      Non-bank financial institutions (NBFIs)


      Non-bank financial institutions (NBFIs), known as financial institutions (FIs), are those types of financial institutions that are regulated under the Financial Institution Act, of 1993 and controlled by Bangladesh Bank. Now, 34 FIs operate in Bangladesh 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:

      Agrani SME Financing Company Limited
      Aviva Finance Limited
      Bangladesh Finance and Investment Company Limited (BD Finance)
      Bangladesh Industrial Finance Company Limited (BIFC)
      Bangladesh Infrastructure Finance Fund Limited (BIFFL)
      Bay Leasing and Investment Limited
      CVC Finance Limited
      DBH Finance PLC (DBH)
      Fareast Finance and Investment Limited
      FAS Finance and 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 Limited.
      MIDAS Financing Limited. (MFL)
      Nagad Finance PLC
      National Finance Limited
      National Housing Finance and Investments Limited
      People's Leasing and Financial Services Limited
      Phoenix Finance and Investments Limited
      Premier Leasing and Finance Limited
      Prime Finance and Investment Limited
      Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO)
      The UAE-Bangladesh Investment Company Limited
      Union Capital Limited
      United Finance Limited
      Uttara Finance and Investments Limited


      Specialized financial institutions (semi-formal sector)


      Bangladesh House Building Finance Corporation (BHBFC)
      Palli Karma Sahayak Foundation (PKSF)


      References

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