Monday, April 8, 2013

List of Banks in Bangladesh


Commercial Bank:

There are 3 types of Commercial Bank available in Bangladesh. These are described in the below-

 

1.     State-owned commercial banks

The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks In which 3 is totally controlled by government and 1 (Rupali Bank) bank is controlled by both government and private sector, which together controlled more than 54% of deposits and operated 3388 branches (54% of the total) as of December 31, 2004. The nationalized commercial banks are:
·        Sonali Bank
·        Agrani Bank
·        Rupali Bank
·        Janata Bank

2.     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. Now 31 private commercial banks are operating in Bangladesh. Here is the list –

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

Beside this on 2012 Govt. also permitted 6 new banks to operate.
·        Union Bank
·        Modhumati Bank
·        The Farmers' Bank
·        Midland Bank
·        Meghna Bank
·        South Bangla Agriculture and Commerce Bank

3.     Foreign commercial banks

10 foreign commercial banks are operating in Bangladesh. These are –

·        Citibank
·        HSBC
·        Standard Chartered Bank
·        Commercial Bank of Ceylon
·        State Bank of India
·        Habib Bank Limited
·        National Bank of Pakistan
·        Woori Bank
·        Bank Alfalah
·        ICICI Bank


Islami Bank:

There are 7 Islami Shariah based Private Commercial Banks in Bangladesh and they execute banking activities according to Islami Shariah based principles i.e. Profit-Loss Sharing (PLS) mode.

               The list of these types of banks is here-

·        Islami Bank Bangladesh Limited
·        Shahjalal Islamic Bank Limited
·        Al-Arafah Islami Bank Limited
·        First Security Islami Bank Ltd.
·        ICB Islamic Bank Limited
·        Export Import Bank of Bangladesh Ltd (EXIM Bank)

Scheduled Bank:

The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks. There are 47 scheduled banks in Bangladesh who operate under full control and supervision of Bangladesh Bank which is empowered to do so through Bangladesh Bank Order, 1972 and Bank Company Act, 1991.

               The list of scheduled bank of Bangladesh is given below:

·        AB Bank Limited
·        Agrani Bank Limited
·        Al-Arafah Islami Bank Limited
·        Bangladesh Commerce Bank Limited
·        Bangladesh Development Bank Limited
·        Bangladesh Krishi Bank
·        Bank Al-Falah Limited
·        Bank Asia Limited
·        BASIC Bank Limited
·        BRAC Bank Limited
·        Citibank N.A
·        Commercial Bank of Ceylon Limited
·        Dhaka Bank Limited
·        Dutch-Bangla Bank Limited
·        EXIM Bank Limited
·        First Security Islami Bank Limited
·        Habib Bank Ltd.
·        ICB Islamic Bank Ltd.
·        IFIC Bank Limited
·        Islami Bank Bangladesh Ltd
·        Jamuna Bank Ltd
·        Janata Bank Limited
·        Mercantile Bank Limited
·        Mutual Trust Bank Limited
·        National Bank Limited
·        National Bank of Pakistan
·        National Credit & Commerce Bank Ltd
·        One Bank Limited
·        Premier Bank Limited
·        Prime Bank Ltd
·        Pubali Bank Limited
·        Rajshahi Krishi Unnayan Bank
·        Rupali Bank Limited
·        Shahjalal Bank Limited
·        Social Islami Bank Ltd.
·        Sonali Bank Limited
·        Southeast Bank Limited
·        Standard Bank Limited
·        Standard Chartered Bank
·        State Bank of India
·        The City Bank Ltd.
·        The Hong Kong and Shanghai Banking Corporation. Ltd.
·        Trust Bank Limited
·        United Commercial Bank Limited
·        Uttara Bank Limited
·        Woori Bank


Non-scheduled Bank:

The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks.
There are now 4 non-scheduled banks in Bangladesh which are:
·        Ansar VDP Unnayan Bank
·        Karmashangosthan Bank
·        Probashi Kollyan Bank
·        Jubilee Bank


References:
              
               http://www.bangladesh-bank.org
               http://www.en.wikipedia.org
               http://www.bangladeshtrades.com

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