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.
The Central Bank
1.
Bangladesh Bank
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.
Sonali Bank
Limited
2.
Janata Bank
Limited
3.
Agrani Bank
Limited
4.
Rupali Bank
Limited
5.
BASIC Bank
Limited
6.
Bangladesh
Development Bank Limited
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.
Bangladesh Krishi
Bank
2.
Rajshahi Krishi
Unnayan Bank
3.
Probashi Kallyan
Bank
Private Commercial Banks (PCBs)
There
is a total of 41 PCBs in Bangladesh are 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.
1.
Southeast Bank
Limited
2.
AB Bank Limited
3.
Bangladesh
Commerce Bank Limited
4.
Bank Asia Limited
5.
BRAC Bank Limited
6.
Community Bank Bangladesh
Limited
7.
City Bank Limited
8.
Dhaka Bank
Limited
9.
Dutch-Bangla Bank
Limited
10. Eastern Bank Limited
11. IFIC Bank Limited
12. Jamuna Bank Limited
13. Meghna Bank Limited
14. Mercantile Bank Limited
15. Midland Bank Limited
16. Modhumoti Bank Limited
17. Mutual Trust Bank Limited
18. National Bank Limited
19. National Credit & Commerce Bank Limited
20. NRB Bank Limited
21. NRB Commercial Bank Limited
22. NRB Global Bank Limited
23. One Bank Limited
24. Premier Bank Limited
25. Prime Bank Limited
26. Pubali Bank Limited
27. Shimanto Bank Ltd
28. South Bangla Agriculture & Commerce Bank Limited
29. Standard Bank Limited
30. The Farmers Bank Limited
31. Trust Bank Limited
32. United Commercial Bank Limited
33. 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.
Al-Arafah Islami
Bank Limited
2.
EXIM Bank Limited
3.
First Security
Islami Bank Limited
4.
ICB Islamic Bank
Limited
5.
Islami Bank
Bangladesh Limited
6.
Shahjalal Islami
Bank Limited
7.
Social Islami
Bank Limited
8.
Union Bank
Limited
Foreign Commercial Banks (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
2.
Citibank N.A
3.
Commercial Bank
of Ceylon PLC
4.
Habib Bank
Limited
5.
HSBC
6.
National Bank of
Pakistan
7.
Standard
Chartered Bank
8.
State Bank of
India
9.
Woori Bank
Non-Scheduled Banks (NSBs)
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.
Karmashangosthan
Bank
3.
Grameen Bank
4.
Jubilee Bank
5.
Palli Sanchay
Bank
