Finance
List of Commercial Banks in Bangladesh
The banking sector in Bangladesh is a crucial component of the country’s economy, serving as a backbone for financial transactions, investments, and economic growth. It consists of a diverse range of institutions, including commercial banks, specialized banks, and non-bank financial institutions, each playing a unique role in the financial ecosystem.
Transformation and Modernization in Bangladesh’s Banking Sector
Bangladesh’s banking sector has evolved remarkably over the years, transitioning from a basic system to a more sophisticated and competitive market. This transformation has been guided by the Bangladesh Bank, the country’s central bank, which oversees monetary policy, banking regulations, and financial stability. Predominantly comprised of commercial banks, the sector offers a broad spectrum of services, including deposit-taking, lending, foreign exchange operations, and investment services. Additionally, specialized banks focus on sectors like agriculture and industry, providing targeted financial support. In recent times, the sector has embraced digitalization, with many banks offering online banking, mobile banking, and digital payment services to enhance customer experience, increase operational efficiency, and broaden financial inclusion. This modernization is crucial for meeting the needs of a growing and tech-savvy population and for integrating more fully into the global financial system.
| Bank Name | Headquarters | Bank Sector | Bank Revenue (BDT) | Bank Revenue (USD) | Contact Details |
| Agrani Bank Limited | Dhaka | Public | 17. 70 billion | 0.144 billion | Tel: +880 2 9566153 |
| Bangladesh Krishi Bank | Dhaka | Public | 892million | 7.59 million | Tel: +880 2 9560021 |
| Sonali Bank Limited | Dhaka | Public | 37.27 billion | 0.317 billion | Tel: +880 2 9550426 |
| Janata Bank Limited | Dhaka | Public | 3.68 billion | 0.0313 billion | Tel: +880 2 9555141 |
| Rupali Bank Limited | Dhaka | Public | 700crore | 5.95crore | Tel: +880 2 9511001 |
| Islami Bank Bangladesh | Dhaka | Private | 28.78 billion | 0.245 billion | Tel: +880 2 9563040 |
| BRAC Bank Limited | Dhaka | Private | 503. 47 crore | 4.281 crore | Tel: +880 2 8859202 |
| Dutch-Bangla Bank Limited | Dhaka | Private | 8.02 billion | 0.068 billion | Tel: +880 2 47110465 |
| Prime Bank Limited | Dhaka | Private | 4.80 billion | 0.04 billion | Tel: +880 2 9551647 |
| United Commercial Bank Limited | Dhaka | Private | 68.3 billion | 0.581 billion | Tel: +880 2 8816000 |
Conclusion
The banking sector in Bangladesh is crucial to the country’s economic infrastructure, offering diverse services and promoting financial inclusion. Guided by the Bangladesh Bank, the sector has advanced significantly, especially in digitalization. The coexistence of public and private institutions, including specialized banks, highlights its adaptability. With ongoing modernization and a focus on digital services, the sector is well-equipped to meet the needs of a growing, tech-savvy population and to integrate more fully into the global financial system. This progress not only strengthens the national economy but also enhances financial stability and resilience.
