List of banks in Bangladesh

From Wikipedia, the free encyclopedia

The commercial banking system dominates Bangladesh's financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system consists of four nationalized commercial Banks, around forty private commercial banks, nine foreign multinational banks and some specialized banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution, which revolutionized the concept of micro-credit and contributed greatly towards poverty reduction and the empowerment of women in Bangladesh.

Contents 1 Central Bank 2 Nationalized Commercial Banks 3 Private Commercial Banks 4 Foreign Banks 5 Specialized Banks 6 References 7 External links

[edit] Central Bank

• Bangladesh Bank

Persuant 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 16th December, 1971.

[edit] Nationalized Commercial Banks

The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks , which together controlled more than 54% of deposits and operated 3388 branches (54% of the total) as of December 31, 2004^[1]. The nationalized commercial banks are:

• Sonali Bank
• Janata Bank
• Agrani Bank
• Rupali Bank

[edit] Private Commercial Banks

Private banks are the highest growth sector due to the dismal performances of government banks (above). They tend to offer better service and products.

• AB Bank Limited
• BRAC Bank Limited
• Eastern Bank Limited
• Dutch Bangla Bank Limited
• Dhaka Bank Limited
• Islami Bank Bangladesh Ltd
• Pubali Bank Limited
• Uttara Bank Limited
• IFIC Bank Limited
• National Bank Limited
• The City Bank Limited
• United Commercial Bank Limited
• The Oriental Bank Limited
• NCC Bank Limited
• Prime Bank Limited
• SouthEast Bank Limited
• Al-Arafah Islami Bank Limited
• Social Investment Bank Limited
• Standard Bank Limited
• One Bank Limited
• Exim Bank Limited
• Mercantile Bank Limited
• Bangladesh Commerce Bank Limited
• Mutual Trust Bank Limited
• First Security Bank Limited
• The Premier Bank Limited
• Bank Asia Limited
• Trust Bank Limited
• Shahjalal Bank Limited
• Jamuna Bank Limited

[edit] Foreign Banks

• Citigroup
• HSBC
• Standard Chartered Bank
• Commercial Bank of Ceylon
• State Bank of India
• Habib Bank
• National Bank of Pakistan
• Woori Bank
• Bank Alfalah

[edit] Specialized Banks

Out of the specialized banks, two (Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank) were created to meet the credit needs of the agricultural sector while the other two ( Bangladesh Shilpa Bank (BSB) & Bangladesh Shilpa Rin Sangtha (BSRS) are for extending term loans to the industrial sector^[1]. The Specialized banks are:

• Grameen Bank
• Bangladesh Krishi Bank
• Bangladesh Shilpa Bank
• Rajshahi Krishi Unnayan Bank
• Bangladesh Shilpa Rin Sangstha
• Basic Bank Ltd (Bank of Small Industries and Commerce)
• Bangladesh Somobay Bank Limited(Cooperative Bank)
• The Dhaka Mercantile Co-operative Bank Limited (DMCBL)

[edit] References

[edit] External links

• List of Schedule Banks in Bangladesh