List of Banks in Bangladesh - A Comprehensive Guide

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Various Bangladeshi Taka notes in a flat lay pattern, showcasing the vibrant currency.
Credit: pexels.com, Various Bangladeshi Taka notes in a flat lay pattern, showcasing the vibrant currency.

Bangladesh has a thriving banking sector with numerous banks catering to various needs of its citizens. The country has a total of 77 banks, including both public and private sector banks.

Many of these banks have a long history, with some dating back to the 20th century. The first bank in Bangladesh was the Sonali Bank, established in 1972.

The banking sector in Bangladesh has undergone significant changes over the years, with the introduction of new banking technologies and services.

Government Banks

Government banks in Bangladesh offer a wide range of services to cater to different needs of customers. These services include digital banking, remittance services, and loan products.

One notable example is Sonali Bank Limited, which provides comprehensive digital banking services like Sonali Corporate i-Banking and Sonali eWallet. These services enable customers to manage their finances online and make transactions easily.

Janata Bank Limited offers a variety of deposit accounts, including savings and fixed deposits, as well as diverse loan products like personal loans and house building loans. Agrani Bank Limited also provides similar services, including general banking services, specialized agri & rural banking solutions, and diverse loan products.

Here are some key services offered by these government banks:

  • Digital banking services
  • Remittance services
  • Loan products
  • Deposit accounts
  • Specialized banking services

State-Owned Commercial

Top view of scattered ten taka Bangladeshi banknotes illustrating currency abundance.
Credit: pexels.com, Top view of scattered ten taka Bangladeshi banknotes illustrating currency abundance.

State-Owned Commercial Banks in Bangladesh are a vital part of the country's financial system.

There are 6 state-owned commercial banks in Bangladesh, all of which are fully or majorly owned by the Government of Bangladesh.

These banks play a crucial role in providing financial services to the people of Bangladesh, especially in rural areas.

Here are the 6 state-owned commercial banks in Bangladesh:

  • Agrani Bank PLC
  • BASIC Bank Limited
  • Janata Bank PLC
  • Rupali Bank PLC
  • Sonali Bank PLC
  • Bangladesh Development Bank

Sonali Limited

Sonali Bank Limited offers a wide range of services, including personal banking, rural credit, and international banking. They also provide digital banking solutions and Islamic banking options.

Sonali Bank Limited's digital banking services are comprehensive, with options like Sonali Corporate i-Banking and Sonali eWallet. These services allow for easy and secure online transactions.

The bank's remittance services are extensive, including BLAZE and remittance from the UK and USA. This makes it convenient for customers to send money internationally.

Sonali Bank Limited also offers various investment options, such as government securities and investment bonds. These options provide a safe and stable way to grow your money.

Here are some of the key services offered by Sonali Bank Limited:

  • Comprehensive digital banking services like Sonali Corporate i-Banking and Sonali eWallet
  • Extensive remittance services including BLAZE and remittance from the UK and USA
  • Various investment options such as government securities and investment bonds

Agrani Limited

Credit: youtube.com, BIOGRAPHY || DR. ZAID BAKTH || CHAIRMAN || AGRANI BANK LTD || CREATIVE CREATIONS

Agrani Bank Limited offers a wide range of services, including general banking, agri & rural banking, sustainable finance, merchant banking, Islami banking, and agent banking.

Comprehensive general banking services are available, including savings deposits, fixed deposits, and debit cards.

The bank provides specialized agri & rural banking solutions, including rural and agro credit.

Diverse loan products are offered, such as personal loans, house building loans, and green banking finance.

Agrani Bank Limited also provides various deposit products, savings accounts, and term deposits.

The bank offers cash services, fund transfer options, and specialized services for non-resident Bangladeshis.

Here are some specific services offered by Agrani Bank Limited:

  • Savings deposits, fixed deposits, and debit cards
  • Rural and agro credit
  • Personal loans, house building loans, and green banking finance

Private Banks

In Bangladesh, there are several private commercial banks that offer a range of financial services.

Some of the notable private commercial banks in Bangladesh include Exim Bank PLC, Al-Arafah Islami Bank PLC, and First Security Islami Bank PLC.

These banks are known for providing various banking services to individuals and businesses.

Here's a list of some of the private commercial banks in Bangladesh:

  • Exim Bank PLC
  • Al-Arafah Islami Bank PLC
  • First Security Islami Bank PLC
  • Global Islami Bank PLC
  • ICB Islamic Bank PLC
  • Islami Bank Bangladesh PLC
  • Shahjalal Islami Bank PLC
  • Social Islami Bank PLC
  • Standard Bank PLC
  • Union Bank PLC

Lists and Rankings

Credit: youtube.com, Bangladesh Bank's Official Top 10 Bank List for 2024

Bangladesh has a total of 59 banks, which is a significant number considering the country's relatively small size.

The largest bank in Bangladesh by assets is the Sonali Bank, with a total asset value of Tk 2.55 trillion.

Here are the top 5 banks in Bangladesh ranked by their total assets:

1. Sonali Bank

2. Bangladesh Bank

3. Agrani Bank

4. Rupali Bank

5. Janata Bank

All Listings in BD

Bangladesh has a total of 61 banks in its database, with 50 private and 11 public banks. These banks are categorized into commercial and specialized banks.

There are 58 commercial banks in Bangladesh, with 52 local banks and 9 foreign commercial banks operating as branches of banks incorporated abroad. Some examples of foreign commercial banks in Bangladesh include HSBC Bank and Standard Chartered Bank.

You can find the details of all these banks, including bank information, branches, ATM booths, loans, credit and debit cards, and career information, by simply clicking on the name of the bank.

Here's a breakdown of the types of banks in Bangladesh:

The exchange rates for various currencies in Bangladesh are also available, with the US Dollar (USD) currently trading at ৳ 122.02.

Foreign Commercial

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Foreign commercial banks play a significant role in Bangladesh's economy. There are 9 foreign commercial banks operating in the country as branches of banks incorporated abroad.

These banks come from different countries, including Pakistan, the United States, Sri Lanka, the United Kingdom, India, and South Korea. Some of the notable foreign commercial banks in Bangladesh include Bank Al-Falah Limited and Habib Bank Limited from Pakistan, and HSBC and Standard Chartered Bank from the United Kingdom.

Here are the 9 foreign commercial banks operating in Bangladesh:

  • Bank Al-Falah Limited (Pakistan)
  • Citibank, N.A (United States of America)
  • Commercial Bank of Ceylon PLC (Sri Lanka)
  • Habib Bank Limited (Pakistan)
  • HSBC (United Kingdom)
  • National Bank of Pakistan (Pakistan)
  • Standard Chartered Bank (United Kingdom)
  • State Bank of India (India)
  • Woori Bank (South Korea)

Top 6 List

Here's a list of the top 6 things to consider when creating a list or ranking:

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Credit: pexels.com, Street view of an outdoor market with people and motorcycle in an urban setting.

According to a study, people are more likely to read and engage with lists that are short and sweet, with no more than 7-10 items.

Some of the most popular lists are those that rank things, like top 10 movies or top 5 books.

Incorporating visuals, like images or charts, can make your list more engaging and easier to understand.

Non-Scheduled Banks

Non-scheduled banks in Bangladesh are licensed for specific functions and objectives, offering a limited range of services compared to scheduled banks.

There are 5 non-scheduled banks in Bangladesh, and they are not as numerous as scheduled banks.

These non-scheduled banks include Ansar VDP Unnayan Bank, Karmashangosthan Bank, Grameen Bank, Jubilee Bank, and Palli Sanchay Bank, each with its unique role in the country's banking system.

Janata Limited

Janata Bank Limited is a great option for those looking for a comprehensive banking experience. They offer a wide variety of deposit accounts, including savings and fixed deposits.

One of the standout features of Janata Bank Limited is their diverse loan products, which include personal loans, house building loans, and green financing options.

Illuminated Wells Fargo bank branch at night showcasing modern architecture and signage.
Credit: pexels.com, Illuminated Wells Fargo bank branch at night showcasing modern architecture and signage.

Their digital banking services are also quite advanced, featuring e-GP Payment Service and online banking capabilities.

If you're looking for a bank that can handle your financial needs, Janata Bank Limited is definitely worth considering.

Here are some of the specific services they offer:

  • Deposit accounts: savings and fixed deposits
  • Loan products: personal loans, house building loans, and green financing
  • Digital banking services: e-GP Payment Service and online banking

Non-Scheduled

Non-scheduled banks are licensed only for specific functions and objectives.

In Bangladesh, there are now 5 non-scheduled banks which offer limited services compared to scheduled banks.

One of these non-scheduled banks is Ansar VDP Unnayan Bank.

Non-scheduled banks like Karmashangosthan Bank and Grameen Bank focus on specific objectives.

Jubilee Bank is also a non-scheduled bank in Bangladesh.

Palli Sanchay Bank is another example of a non-scheduled bank in the country.

These non-scheduled banks have a different range of services compared to scheduled banks.

Frequently Asked Questions

How many banks are there in Bangladesh?

There are 62 scheduled banks operating in Bangladesh, regulated by the Bangladesh Bank. Learn more about the banking system in Bangladesh.

Which is the top 10 bank in Bangladesh?

According to the Bangladesh Bank's sustainable report 2023, the top 10 banks in Bangladesh are BRAC Bank, City Bank, Eastern Bank, Exim Bank, Jamuna Bank, Mutual Trust Bank, Prime Bank, Trust Bank, United Commercial Bank, and Uttara Bank. These banks are recognized for their commitment to sustainability and financial excellence.

Which is the best foreign bank in Bangladesh?

According to the World Business Outlook magazine, the Commercial Bank of Ceylon PLC is the 'Most Recommended Foreign Bank' in Bangladesh. It received this recognition in 2022 for its excellence in business.

Oscar Lowe

Copy Editor

Oscar Lowe has honed his skills as a copy editor, meticulously refining texts to ensure clarity and precision. His expertise spans a variety of financial topics, particularly those related to banking and financial institutions in Ghana. As a dedicated editor, Oscar has worked closely with the Ghana Association of Banks, contributing to the dissemination of accurate and insightful information on banking practices and regulations.

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