The banking sector in Bangladesh consists of several types of institutions.

Bangladesh Bank Bangladesh Bank ( bn, বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh. The bank is active in developing green bankin ...

is the central bank of

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

and the chief regulatory authority in the banking sector. Pursuant to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganised 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 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 are fully or majorly owned by the Government of Bangladesh. *

Agrani Bank Limited Agrani Bank Limited (ABL) ( bn, অগ্রণী ব্যাংক) is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. Murshedul Kabir is the ...

* Bangladesh Development Bank * BASIC Bank Limited *

Janata Bank Limited Janata Bank Ltd. ( bn, জনতা ব্যাংক লিমিটেড) is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the seco ...

* Rupali Bank Limited *

Sonali Bank Limited Sonali Bank Limited ( bn, সোনালী ব্যাংক লিমিটেড) is the principal state-owned leading public commercial bank in Bangladesh. It is the largest bank in the country. Ziaul Hasan Siddiqui is the chairman of the ...

''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 Rajshahi Krishi Unnayan Bank is a state-owned specialized bank in Bangladesh, a specialized financial institution for financing the farmers of the 16 districts of Rajshahi and Rangpur. The headquarters of the bank is in Rajshahi. History Rajsha ...

Probashi Kallyan Bank Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis. History The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Banglades ...

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. * AB Bank Limited *

Bangladesh Commerce Bank Limited Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh. History The bank can trace its origins to the former Bangladesh Commerce and Investment Limited, set up on 27 January 1986. It was a non-bank financial institutio ...

Bank Asia Limited Bank Asia Limited is a private sector commercial bank in Bangladesh. Areef Billah Adil Chowdhury is the President and Managing Director of the bank. Romo Rouf Chowdhury, chairman of Rancon Group, is the chairman of Bank Asia Limited. History The ...

* Bengal Commercial Bank Limited * BRAC Bank Limited * Citizens Bank PLC * City Bank Limited * Community Bank Bangladesh Limited *

Dhaka Bank Limited Dhaka Bank Limited is a private limited commercial bank in Bangladesh. Its headquarters are situated in Dhaka. Currently the bank has 100 branches and 3 SME Service Centers around the country. History The bank was founded in 1995 by Bangladeshi ...

Dutch-Bangla Bank Limited Dutch-Bangla Bank Limited (DBBL) is a bank in Bangladesh. DBBL is a scheduled joint venture private commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed (Founder & Chairman) and a Dutch company FMO. DBBL was established under t ...

* Eastern Bank Limited * IFIC Bank Limited *

Jamuna Bank Limited Jamuna Bank Limited is a commercial bank in Bangladesh registered under the Companies Act 1994. It was established on June 3, 2001. Jamuna Bank had 132 branches as of March 2019 . Its head office is located at Plot No. 14, Bir Uttam A. K. Khanda ...

Meghna Bank Limited Meghna Bank Limited is a bank in Bangladesh founded on 21 April 2013. H. N. Ashequr Rahman, Awami League member of parliament, is the chairman of Bank. The managing director is Sohail R K Hussain. History Meghna Bank was established on 21 Apri ...

* Mercantile Bank Limited *

Midland Bank Limited Midland Bank Limited is a fourth generation private commercial bank in Bangladesh. Nilufer Zafarullah is chairperson of the bank. Md Ahsan-uz Zaman, is the managing director and CEO of Midland Bank Limited. History Midland Bank Limited was esta ...

* Modhumoti Bank Limited *

Mutual Trust Bank Limited Mutual Trust Bank Limited (Bengali: মিউচুয়াল ট্রাস্ট ব্যাংক লিমিটেড) is a private commercial bank headquartered in Dhaka, Bangladesh. Md Abdul Malek, chairmanSheltech Consultants (Pvt) Lt ...

National Bank Limited The National Bank Limited ( bn, ন্যাশনাল ব্যাংক লিমিটেড) is a private limited bank in Bangladesh. Md Mehmood Husain is the Managing Director and Chief Executive Officer of the bank. Currently NBL has ca ...

* National Credit & Commerce Bank Limited * NRB Bank Limited * NRB Commercial Bank Ltd *

One Bank Limited ONE Bank Limited (OBL) ( bn, ওয়ান ব্যাংক লিমিটেড) is a private sector commercial bank in Bangladesh. It is in the business of taking deposits from public through various saving schemes and lending the fund in v ...

Padma Bank Limited Padma Bank Limited, formerly known as The Farmers Bank Limited, is a private commercial bank headquartered in Gulshan-1, Dhaka, Bangladesh. The bank was established in 2013. The fourth generation bank commenced its banking operation on June 3, 2 ...

Premier Bank Limited The Premier Bank Limited (PBL) is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. Dr. H. B. M. Iqbal is the Chairman and Shafiqur Rahman is one of the founder & Director of this Bank. M. Reazul Karim, FCMA is ...

Prime Bank Limited Prime Bank Limited is a private commercial bank in Bangladesh with its headquarters in Dhaka. With 146 branches and 170 ATM the bank has operation in corporate, consumer, MSME and sustainable banking. Prime Exchange Co. Pte Ltd., Singapore, PBL E ...

Pubali Bank Limited Pubali Bank PLC. ( bn, পূবালী ব্যাংক) is the largest commercial bank in Bangladesh. It has more branches than any other autonomous bank in the country. Monzurur Rahman is the present chairman of the bank. History Pubali ...

* Shimanto Bank Ltd * Southeast Bank Limited * South Bangla Agriculture and Commerce Bank Limited * Trust Bank Limited *

United Commercial Bank Ltd United Commercial Bank PLC (UCB) is a private commercial bank in Bangladesh established in 1983, listed on Dhaka Stock Exchange and Chittagong Stock Exchange. History 1980s The bank was incorporated on 26 June 1983. The government owns shares in ...

Uttara Bank Limited Uttara Bank Limited is one of the largest and oldest private sector commercial banks in Bangladesh. There are 243 branches at home and 600 affiliates worldwide. History Uttara Bank Limited (UBL) was established in 1965 with the head office locat ...

''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. *

Al-Arafah Islami Bank Limited Al-Arafah Islami Bank Limited ( bn, আল-আরাফাহ ইসলামী ব্যাংক লিমিটেড) is an Islamic bank in Bangladesh. The Bank is controlled by S. Alam Group of Industries. History Al-Arafah Islami Bank Li ...

* EXIM Bank Limited * First Security Islami Bank Limited * Global Islamic Bank Ltd * ICB Islamic Bank Limited *

Islami Bank Bangladesh Limited Islami Bank Bangladesh Ltd. (IBBL) ( bn, ইসলামী ব্যাংক বাংলাদেশ লিমিটেড) is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company u ...

* Shahjalal Islami Bank Limited * Social Islami Bank Limited * Union Bank Limited *

Standard Bank Limited Standard Bank Limited is a private commercial bank in Bangladesh. Khondokar Rashed Maqsood is the managing director and CEO of the bank as January 2020. Touhidul Alam Khan is the additional managing director of the bank as of 24 November 2020. Kaz ...

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 Habib Bank Limited ( ur, ) abbreviated as HBL, is a Pakistani multinational bank based in Habib Bank Plaza, Karachi, Pakistan. Founded in 1939 by the Habib Family, HBL became Pakistan's first commercial bank. In 1951 it opened its first inte ...

(Pakistan) *

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

(United Kingdom) *

National Bank of Pakistan National Bank of Pakistan (NBP) () is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakist ...

(Pakistan) *

Standard Chartered Bank Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around ...

(United Kingdom) *

State Bank of India State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune ...

(India) *

Woori Bank Woori Bank (Hangul: 우리은행 ''Uri Eunhaeng'') is a Korean multinational bank headquartered in Seoul. It is one of the four largest domestic banks in South Korea and is showing a strong presence not only for commercial banking but also for co ...

(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. * Ansar VDP Unnayan Bank *

Grameen Bank Grameen Bank ( bn, গ্রামীণ ব্যাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requi ...

Jubilee Bank Jubilee Banks () is one of the oldest commercial banks in Bangladesh. It is a non-scheduled bank, one of five in Bangladesh. The others are Ansar-VDP Unnayan Bank, Grameen Bank, Karmasangsthan Bank, and Palli Sanchay Bank. It is scheduled for l ...

* Karmashangosthan Bank *

Palli Sanchay Bank Palli Sanchay Bank (), Rural Savings Bank, is a state owned bank in Bangladesh. Md. Akram-Al-Hossain is the chairman of the bank. Khondoker Ataur Rahman is the managing director of the bank. History On 2 July 2014, the Government of Bangladesh p ...

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, two are fully government owned, one is the subsidiary of a SOCB, 15 were initiated by private domestic initiative and 15 were initiated by joint venture initiative. NBFI's include: * Agrani SME Financing Company Limited * Bangladesh Finance and Investment Company Limited (BD Finance) * Bangladesh Industrial Finance Company Limited (BIFC) *

Bangladesh Infrastructure Finance Fund Limited Bangladesh Infrastructure Finance Fund Limited () is a Bangladesh government owned non-bank financial institution with the purpose of encouraging investment in the infrastructure in Bangladesh. Bangladesh Infrastructure Finance Fund Limited and I ...

(BIFFL) *

Bay Leasing and Investment Limited A bay is a recessed, coastal body of water that directly connects to a larger main body of water, such as an ocean, a lake, or another bay. A large bay is usually called a gulf, sea, sound, or bight. A cove is a small, circular bay with a nar ...

* CVC Finance Limited * Delta Brac Housing Finance Corporation Ltd. (DBH) * Fareast Finance and Investment Limited *

FAS Finance and Investment Limited FAS Finance and Investment Limited is a major non-bank financial institution in Bangladesh providing lease financing and investment services. In 2020, it was one of the financial institutions targeted by Prashanta Kumar Halder, nicknamed the S ...

First Finance Limited First Finance Limited is a major non-bank financial institution in Bangladesh. Khan Mohammad Moinul Hasan is the chairman of the First Finance Limited. History First Finance Limited was established in 1993. On 9 October 2003, First Finance Lim ...

* 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 International Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh. Md. Nazrul Islam Khan is the chairman and Md. Mashiur Rahman is the managing director of International Leasing and Financial Services Li ...

IPDC Finance Limited IPDC Finance Limited (previously known as Industrial Promotion and Development Company of Bangladesh Limited) is a private sector financial institution of the country. This is a public limited company and listed in both Dhaka Stock Exchange and Ch ...

* Islamic Finance and Investment Limited * LankaBangla Finance Limited * Lankan Alliance Finance Limited * Meridian Finance and Investment Limited. * MIDAS Financing Limited. (MFL) * National Finance Limited * National Housing Finance and Investments Limited *

People's Leasing and Financial Services Limited People's Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services. In 2020 Proshanta Kumar Halder, known as the Sultan of Swindle, scammed 35 billion taka from the c ...

* Phoenix Finance and Investments Limited *

Premier Leasing and Finance Limited Premier Leasing and Finance Limited , also known as PLFL, is a major non-bank financial institution in Bangladesh that provides leasing finance. History Premier Leasing and Finance Limited was established on 26 September 2001 as Premier Leasin ...

* Prime Finance and Investment Limited *

Reliance Finance Limited Aviva Finance Limited is a sharia complaint major non-bank financial institution in Bangladesh. It was formerly called Reliance Finance Limited. Mohammed Saiful Alam is the chairman of Aviva Finance Limited and also S. Alam Group. The former m ...

* 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

{{DEFAULTSORT:List Of Banks In Bangladesh

Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...