A list of all the banks in Bangladesh | Complete Guide to All Banks in Bangladesh | Total bank list in bangladesh

The banking system in Bangladesh consists of several types of banks, including commercial banks, specialized banks, Islamic banks, foreign banks, and microfinance institutions. The Bangladesh Bank, which is the central bank of Bangladesh, regulates and supervises the banking system in the country.

Commercial banks in Bangladesh are divided into four categories based on their ownership structure: state-owned banks, private-sector banks, foreign banks, and specialized banks. The state-owned banks are responsible for providing banking services to government organizations and implementing government policies related to finance and banking. Private sector banks are owned and operated by private individuals or institutions, and they cater to a wide range of customers from individuals to businesses. Foreign banks are branches or subsidiaries of foreign banks that operate in Bangladesh. Specialized banks are designed to meet the specific needs of certain industries or sectors, such as agriculture or small and medium-sized enterprises.

Complete Guide to All Banks in Bangladesh  Total bank list in bangladesh

Islamic banking has become increasingly popular in Bangladesh in recent years, and there are currently nine Islamic banks operating in the country. These banks offer financial products and services that comply with Islamic Shariah law, which prohibits the charging or paying of interest.

In addition to traditional banks, microfinance institutions also play an important role in the banking system of Bangladesh. These institutions provide financial services to people who do not have access to traditional banking services, such as small business owners and low-income individuals.

Here is a list of all the banks in Bangladesh:

1. Agrani Bank Limited

 

2. Al-Arafah Islami Bank Limited

 

3. Bangladesh Commerce Bank Limited

 

4. Bangladesh Development Bank Limited

 

5. Bangladesh Krishi Bank

 

6. Bank Asia Limited

 

7. BASIC Bank Limited

 

8. BRAC Bank Limited

 

9. City Bank Limited

 

10. Commercial Bank of Ceylon Limited

 

11. Dhaka Bank Limited

 

12. Dutch-Bangla Bank Limited

 

13. Eastern Bank Limited

 

14. Export Import Bank of Bangladesh Limited

 

15. Farmers Bank Limited

 

16. First Security Islami Bank Limited

 

17. Habib Bank Limited

 

18. ICB Islamic Bank Limited

 

19. Islami Bank Bangladesh Limited

 

20. Jamuna Bank Limited

 

21. Janata Bank Limited

 

22. Meghna Bank Limited

23. Mercantile Bank Limited

 

24. Midland Bank Limited

 

25. Modhumoti Bank Limited

 

26. Mutual Trust Bank Limited

 

27. National Bank Limited

 

28. National Credit and Commerce Bank Limited

 

29. NRB Bank Limited

 

30. One Bank Limited

 

31. Padma Bank Limited

 

32. Premier Bank Limited

 

33. Prime Bank Limited

 

34. Pubali Bank Limited

 

35. Rajshahi Krishi Unnayan Bank

 

36. Rupali Bank Limited

 

37. Shahjalal Islami Bank Limited

 

38. Shimanto Bank Limited

 

39. Social Islami Bank Limited

 

40. Sonali Bank Limited

 

41. Southeast Bank Limited

 

42. Standard Bank Limited

 

43. Standard Chartered Bank Limited

 

44. State Bank of India

 

45. The City Bank Limited

 

46. The Hongkong and Shanghai Banking Corporation Limited

 

47. Trust Bank Limited

 

48. Union Bank Limited

 

49. United Commercial Bank Limited

 

50. Uttara Bank Limited

 

51. Woori Bank Limited

List of banks in Bangladesh with in details:

 

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 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, of 1991 (Amended up to 2013). Currently, there are 61 scheduled banks in Bangladesh.[1]

 

 

State-owned commercial banks in Bangladesh (SOCBs):

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

 

1. Agrani Bank Limited
2. Bangladesh Development Bank
3. BASIC Bank Limited
4. Janata Bank Limited
5. Rupali Bank Limited
6. Sonali Bank Limited

Specialized banks in Bangladesh (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. Bangladesh Krishi Bank
2. Rajshahi Krishi Unnayan Bank
3. Probashi Kallyan Bank

Private commercial banks In Bangladesh (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 bank in Bangladesh 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.

 

1. AB Bank Limited
2. Bangladesh Commerce Bank Limited
3. Bank Asia Limited
4. Bengal Commercial Bank Limited
5. BRAC Bank Limited
6. Citizens Bank PLC
7. City Bank Limited
8. Community Bank Bangladesh Limited
9. Dhaka Bank Limited
10. Dutch-Bangla Bank Limited
11. Eastern Bank Limited
12. IFIC Bank Limited
13. Jamuna Bank Limited
14. Meghna Bank Limited
15. Mercantile Bank Limited
16. Midland Bank Limited
17. Modhumoti Bank Limited
18. Mutual Trust Bank Limited
19. National Bank Limited
20. National Credit & Commerce Bank Limited
21. NRB Bank Limited
22. NRB Commercial Bank Limited
23. One Bank Limited
24. Padma Bank Limited
25. Premier Bank Limited
26. Prime Bank Limited
27. Pubali Bank Limited
28. Shimanto Bank Limited
29. Southeast Bank Limited
30. South Bangla Agriculture and Commerce Bank Limited
31. Trust Bank Limited
32. United Commercial Bank PLC
33. Uttara Bank Limited

Islami Shariah-Based Bank in Bangladesh 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.

 

1. Al-Arafah Islami Bank Limited
2. EXIM Bank Limited
3. First Security Islami Bank Limited
4. Global Islamic Bank Limited
5. ICB Islamic Bank Limited
6. Islami Bank Bangladesh Limited
7. Shahjalal Islami Bank Limited
8. Social Islami Bank Limited
9. Union Bank Limited
10. Standard Bank Limited

Foreign commercial banks In Bangladesh (FCBs)

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

 

1. Bank Al-Falah Limited (Pakistan)
2. Citibank N.A (United States of America)
3. Commercial Bank of Ceylon PLC (Sri Lanka)
4. Habib Bank Limited (Pakistan)
5. HSBC (United Kingdom)
6. National Bank of Pakistan (Pakistan)
7. Standard Chartered Bank (United Kingdom)
8. State Bank of India (India)
9. Woori Bank (South Korea)

Non-scheduled banks in Bangladesh:

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. Ansar VDP Unnayan Bank
2. Grameen Bank
3. Jubilee Bank
4. Karmashangosthan Bank
5. Palli Sanchay Bank

Non-bank financial institutions (NBFIs):

Non-bank financial institutions (NBFIs), simply 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 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 initiatives and 15 were initiated by joint venture initiatives.

 

NBFI's include:

 

1. Agrani SME Financing Company Limited
2. Bangladesh Finance and Investment Company Limited (BD Finance)
3. Bangladesh Industrial Finance Company Limited (BIFC)
4. Bangladesh Infrastructure Finance Fund Limited (BIFFL)
5. Bay Leasing and Investment Limited
6. CVC Finance Limited
7. Delta Brac Housing Finance Corporation Ltd. (DBH)
8. Fareast Finance and Investment Limited
9. FAS Finance and Investment Limited
10. First Finance Limited
11. GSP Finance Company (Bangladesh) Limited (GSPB)
12. Hajj Finance Company Limited
13. IDLC Finance Limited
14. Industrial and Infrastructure Development Finance Company Limited (IIDFC)
15. Infrastructure Development Company Limited (IDCOL)
16. International Leasing and Financial Services Limited
17. IPDC Finance Limited
18. Islamic Finance and Investment Limited
19. LankaBangla Finance Limited
20. Lankan Alliance Finance Limited
21. Meridian Finance and Investment Limited.
22. MIDAS Financing Limited. (MFL)
23. National Finance Limited
24. National Housing Finance and Investments Limited
25. People's Leasing and Financial Services Limited
26. Phoenix Finance and Investments Limited
27. Premier Leasing and Finance Limited
28. Prime Finance and Investment Limited
29. Reliance Finance Limited
30. Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO)
31. The UAE-Bangladesh Investment Company Limited
32. Union Capital Limited
33. United Finance Limited
34. Uttara Finance and Investments Limited
35. Specialized financial institutions (semi-formal sector)
36. Bangladesh House Building Finance Corporation (BHBFC)
37. Palli Karma Sahayak Foundation (PKSF)

Overall, the banking system in Bangladesh is evolving and growing rapidly, with a focus on expanding access to financial services and promoting financial inclusion.