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 58 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]
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 are total 40 PCBs in Bangladesh are in operation right now. They are majorly owned by private entities, and classified in two types.[1]
Conventional PCBs
In total 32 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
- 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 Limited
- NRB Global Bank Limited
- One Bank Limited
- Premier Bank Limited
- Prime Bank Limited
- Pubali Bank Limited
- Shimanto Bank Ltd
- South Bangla Agriculture & Commerce Bank Limited
- Southeast Bank Limited
- Standard Bank Limited
- The Farmers Bank Limited
- Trust Bank Limited
- United Commercial Bank Limited
- Uttara Bank Limited
Islami Shariah Based PCBs
There are 8 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]
Foreign Commercial Banks (FCBs)
In total 9 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad.[1]
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]
The list is as follows:[2]
- Investment Corporation of Bangladesh
- Agrani SME Financing Company Limited
- Bangladesh Finance and Investment Company Limited
- Bangladesh Industrial Finance Company Limited
- Bangladesh Infrastructure Finance Fund Limited
- Bay Leasing and Investment Limited
- CAPM Venture Capital and Finance Limited
- Delta Brac Housing Finance Corporation Limited
- Far-east Finance & Investment Limited
- FAS Finance & Investment Limited
- First Finance Limited
- GSP Finance Company (Bangladesh) Limited
- Hajj Finance Company Limited
- IDLC Finance Limited
- Industrial and Infrastructure Development Finance Company Limited
- IPDC Finance Limited
- Infrastructure Development Company Limited
- International Leasing and Financial Services Limited
- Islamic Finance and Investment Limited
- LankaBangla Finance Limited
- Meridian Finance and Investment Limited
- MIDAS Financing Limited
- National Finance Limited
- National Housing Finance and Investments Limited
- People's Leasing and Financial Services Limited
- Phoenix Finance and Investments Limited
- Premier Leasing & Finance Limited
- Prime Finance & Investment Limited
- Reliance Finance Limited
- Saudi-Bangladesh Industrial & Agricultural Investment Company Limited
- SEAF Bangladesh Venture Limited
- The UAE-Bangladesh Investment Company Limited
- Union Capital Limited
- United Finance Limited
- Uttara Finance and Investments Limited