List of banks in Bangladesh The commercial banking system dominates Bangladeshs financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four state-owned commercial banks, five specialized banks, thirty eight private commercial banks, one land development bank and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution, which revolutionized the concept of micro-credit and contributed greatly towards poverty reduction and the empowerment of women in Bangladesh. Central bank Bangladesh Bank 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. Banks After the independence, banking industry in Bangladesh started its journey with 6 Nationalized commercialized banks, 2 State owned Specialized banks and 3 Foreign Banks. In the 1980s banking industry achieved significant expansion with the entrance of private banks. Now, banks in Bangladesh are primarily of two types: Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks.State-owned commercial banks, private commercial banks, Islamic commercial banks, foreign commercial banks and some specialized banks are Scheduled Banks. Non-Scheduled Banks: 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. Grameen Bank , Probashi Kallyan Bank , Karmasangsthan Bank , Progoti Co-operative Land Development Bank Limited (progoti Bank) and Answer VDP Unnayan Bank are Non-Scheduled Banks. Non-banking financial institutions Non-banking financial institutions which are not banks.These institutions cannot perform all functions of banks, which get license to operate under Financial Institution Act, 1993 are termed as Non-banking financial institutions. State-owned commercial banks State-owned are functioning as nationalist. Here is the list - 1. Agrani Bank 2. Sonali Bank 3. Rupali Bank 4. Janata Bank 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. Here is the list - 1. AB Bank Limited 2. Bangladesh Commerce Bank Limited 3. Bank Asia Limited 4. BRAC Bank Limited 5. Dhaka Bank Limited 6. Dutch Bangla Bank Limited 7. Eastern Bank Limited 8. Farmers Bank Limited 9. IFIC Bank Limited 10. Jamuna Bank Limited 11. Meghna Bank Limited 12. Mercantile Bank Limited 13. Midland Bank Limited 14. Modhumoti Bank Limited 15. Mutual Trust Bank Limited 16. National Bank Limited 17. NCC Bank Limited 18. NRB Bank Limited 19. NRB Commercial Bank Limited 20. NRB Global Bank Ltd 21. One Bank Limited 22. Prime Bank Limited 23. Pubali Bank Limited 24. South Bangla Agriculture and Commerce Bank Ltd 25. Southeast Bank Limited 26. Standard Bank Limited 27. The City Bank Limited 28. The Premier Bank Limited 29. Trust Bank Limited 30. United Commercial Bank Ltd 31. Uttara Bank Limited There are 8 Islamic Commercial Banks: 1. Al-Arafah Islami Bank Limited 2. Export Import Bank of Bangladesh Limited 3. First Security Islami Bank Limited 4. ICB Islamic Bank 5. Islami Bank Bangladesh Limited 6. Shahjalal islami bank Limited 7. Social Islami Bank Limited 8. Union Bank Limited Foreign commercial banks 9 foreign commercial banks are operating in Bangladesh. These are: 1. Bank Alfalah 2. Citibank NA 3. Commercial Bank of Ceylon 4. Habib Bank Limited 5. HSBC ( The Hong Kong and Shanghai Banking Corporation Ltd. ) 6. National Bank of Pakistan 7. Standard Chartered Bank 8. State Bank of India 9. Woori Bank Specialized banks Specialized Banks (SDBs): 4 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. Bangladesh Development Bank Ltd 4. BASIC Bank Limited 5. Probashi Kallyan Bank == Non-banking financial institutions 1. Uttara Finance and Investments Limited 2. United Leasing Company Limited (ULCL) 3. Union Capital Limited 4. The UAE-Bangladesh Investment Co. Ltd 5. Saudi-Bangladesh Industrial & Agricultural Investment Company Limited (SABINCO) 6. Reliance Finance Limited 7. Prime Finance & Investment Ltd 8. Premier Leasing & Finance Limited 9. Phoenix Finance and Investments Limited 10. Peoples Leasing and Financial Services Ltd 11. National Housing Finance and Investments Limited 12. National Finance Ltd 13. MIDAS Financing Ltd. (MFL) 14. LankaBangla Finance Ltd. 15. Islamic Finance and Investment Limited 16. International Leasing and Financial Services Limited 17. Infrastructure Development Company Limited (IDCOL) ¿ 18. Industrial Promotion and Development Company of Bangladesh Limited (IPDC) 19. Industrial and Infrastructure Development Finance Company (IIDFC) Limited 20. IDLC Finance Limited 21. Hajj Finance Company Limited 22. GSP Finance Company (Bangladesh) Limited (GSPB) 23. First Lease Finance & Investment Ltd. 24. FAS Finance & Investment Limited 25. Fareast Finance & Investment Limited 26. Delta Brac Housing Finance Corporation Ltd. (DBH) 27. Bay Leasing & Investment Limited 28. Bangladesh Industrial Finance Company Limited (BIFC) 29. Bangladesh Finance & Investment Co. Ltd. 30. Agrani SME Finance Co. Ltd. List of SWIFT codes ISO 9362 (also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and
Posted on: Sun, 24 Aug 2014 05:33:30 +0000
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