Bangladesh Commerce Bank Ltd Complete Information

Author

Reads 5.7K

Traditional wooden boats on the sandy shores of Cox's Bazar, Bangladesh under a clear blue sky.
Credit: pexels.com, Traditional wooden boats on the sandy shores of Cox's Bazar, Bangladesh under a clear blue sky.

Bangladesh Commerce Bank Ltd is a significant player in the country's banking sector. It was established in 1988.

The bank's primary goal is to provide a wide range of financial services to its customers. This includes corporate, retail, and investment banking services.

With over three decades of experience, the bank has built a strong reputation for itself. Its commitment to customer satisfaction has earned it a loyal customer base.

The bank operates with a network of branches across the country, providing customers with easy access to its services.

Readers also liked: Banks and Banking Services

About the Bank

Bangladesh Commerce Bank is a leading private commercial bank in Bangladesh, established in 1997. It has a strong presence in the country with a network of over 80 branches.

The bank's history dates back to 1997 when it was first incorporated. It was established with the goal of providing innovative banking services to the people of Bangladesh.

Bangladesh Commerce Bank has a reputation for offering a wide range of financial products and services, including consumer banking, corporate banking, and Islamic banking. Its services cater to the diverse needs of its customers.

The bank has a significant presence in the country's capital, Dhaka, with a large number of branches located in the city.

Services

Credit: youtube.com, BCBL All Service

Bangladesh Commerce Bank offers a wide range of credit schemes to cater to various sectors of the economy.

The bank provides credit schemes for export and import, trading, stock and share, project loan, corporate loan, syndicate finance, credit for non-bank financial institutions, bank guarantee, SME finance, agriculture and rural development, home loan, car loan, and consumer credit.

Bangladesh Commerce Bank has a strong focus on SME and rural development schemes, which are crucial for the country's economic growth. They offer three categories of SME schemes: Small Business Loan, Seasonal Credit Facility, and Cash Credit for Small Enterprise.

Payment Instructions

To make an international payment to a bank in Bangladesh, you'll need to get the required bank information from the beneficiary, which can be found on the Central Bank website.

Include the SWIFT BIC and 9-digit routing code if available, or the full name and address of the beneficiary bank in your payment instructions.

Credit: youtube.com, Payment Processing: Industry Overview

The SWIFT BIC is an 8 or 11 alphanumeric character code, usually in the format xxxxBDxx or xxxxBDxxxxx.

You can include the beneficiary bank details in one of four acceptable formats: 57D: Bank Name, Bank address, Bene bank address contd., and Swift code; 57A: /XXXXXXXXX (9-digit beneficiary bank branch code) and Swift code; 57A: Swift BIC code, 72: Bene bank branch complete address; or 57A: Swift BIC code, 72: Routing code/ BBB, bene bank branch code XXXXXXXXX.

Make sure to include the reason for payment, which is recommended to be stated in the SWIFT MT103 F70 format.

NGOs must register locally and obtain approval before receiving payments for specific projects, and account restrictions may vary depending on the type of account.

For more insights, see: Swift Code Commerce Bank

Deposit Schemes

Bangladesh Commerce Bank Ltd offers a variety of deposit schemes to help you save for the future.

You can choose from a range of schemes, including Special Notice Deposit, Fixed deposit Receipt, and Pension Savings Scheme.

Credit: youtube.com, Chapter 2 - Various Deposit Schemes & Other Services

These schemes are designed to help you develop a saving habit and earn a good profit margin.

The bank also offers schemes like Double Benefit scheme, Triple Benefit Scheme, Lakhpati Deposit Scheme, Millionaire Deposit Scheme, Kotipoti Deposit Scheme, Marriage Deposit Scheme, and Education Savings Scheme.

These schemes are meant to provide you with opportunities to save today for a comfortable tomorrow.

The profit rate offered by these schemes is good enough to make saving a worthwhile endeavor.

Here are some of the deposit schemes offered by BCBL:

  • Special Notice Deposit
  • Fixed deposit Receipt
  • Pension Savings Scheme
  • Double Benefit scheme
  • Triple Benefit Scheme
  • Lakhpati Deposit Scheme
  • Millionaire Deposit Scheme
  • Kotipoti Deposit Scheme
  • Marriage Deposit Scheme
  • Education Savings Scheme

/Branch Names

The Bangladesh Commerce Bank has a wide network of branches across the country. Bangladesh Commerce Bank has a total of 43 branches in 23 districts.

Bangladesh Commerce Bank has branches in major cities like Dhaka, Chattogram, and Sylhet. The bank's branches are located in various areas of these cities, including Agrabad, Gulshan, and Dilkusha.

Here is a list of some of the bank's branches in Dhaka:

The bank also has branches in other districts, such as Chattogram, Sylhet, and Khulna. Each branch has its own unique address and contact information.

The bank's branches in Chattogram are located in areas like Agrabad, Chaktai, and Jubilee Road. The bank's branches in Sylhet are located in areas like West Zinda Bazar and Jallarpar Road.

Bangladesh Commerce Bank has a total of 43 branches across the country, serving customers in various districts.

Frequently Asked Questions

Who is the new chairman of Bangladesh Commerce Bank?

The Chairman of Bangladesh Commerce Bank is Mr. Md. Ataur Rahman. He serves as an Independent Director and Chairman of the Board of Directors.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.