There are 61 scheduled banks in Bangladesh that operate under the full control and supervision of Bangladesh Bank which is empowered to do so through the Bangladesh Bank Order, of 1972 and the Bank Company Act, of 1991. Eastern Bank Limited (EBL) wins the ‘Bangladesh’s Best Domestic Bank 2023’ award accorded by The Asiamoney.
List Of Top 10 Trusted Commercial Bank In Bangladesh
- Islami Bank Bangladesh Ltd. (IBBL)
- Dutch Bangla Bank Ltd. (DBBL)
- Sonali Bank Ltd. (SBL)
- Eastern Bank Limited (EBBL)
- Standard Chartered Bank Ltd. (SCB)
- The City Bank Ltd.
- Agrani Bank Ltd. (ABL)
- BRAC Bank Ltd.
- Bank Asia Ltd.
- United Commercial Bank (UCB)
1. Islami Bank Bangladesh Ltd (IBBL)
Islami Bank Bangladesh Limited is one of the largest and oldest private sector banks in Bangladesh. It was established in 1983 with the objective of operating as a Sharia-compliant financial institution, following the principles of Islamic banking and finance. The bank’s operations are based on the principles of Islamic Shariah, which prohibits the payment or acceptance of interest (riba) and promotes ethical and socially responsible financial transactions.
Customer service: 02-8331090
CEO: Mohammed Monirul Moula (Jan 2021–)
Subsidiaries: Islami Bank Capital Management Ltd., MORE
Founded: March 13, 1983, Dhaka
Headquarters: Islami Bank Tower 40, Dilkusha C/A, Dhaka – 1000, Bangladesh
Number of employees: 21,000
Some key features of Islami Bank Bangladesh Limited include:
- Sharia Compliance: The bank operates in accordance with Islamic principles, which means it avoids interest-based transactions and follows Sharia-compliant modes of financing such as profit-sharing, mudarabah, murabahah, and ijara.
- Products and Services: The bank offers a range of Islamic banking products and services, including savings and investment accounts, various types of loans and financing, trade services, and more, all designed to comply with Sharia principles.
- Social Responsibility: Islami Bank emphasizes social and ethical responsibilities in its operations. It aims to support projects and initiatives that are beneficial to society while adhering to Islamic values.
- Branch Network: The bank has a wide network of branches across Bangladesh, making its services accessible to a large portion of the population.
- International Presence: In addition to its domestic operations, Islami Bank Bangladesh Limited has expanded its presence internationally through subsidiaries, joint ventures, and representative offices in various countries.
For the most current and detailed information about Islami Bank Bangladesh Limited, I recommend visiting the bank’s official website or referring to up-to-date financial and news sources.
2. Dutch Bangla Bank Ltd. (DBBL)
Dutch-Bangla Bank Limited (DBBL) is a leading private-sector commercial bank in Bangladesh. Established in 1995, it has gained prominence for its innovative banking solutions and customer-centric approach. Dutch-Bangla Bank Limited is a bank in Bangladesh. DBBL is a scheduled joint venture private commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed and a Dutch company FMO. The bank is often colloquially referred to as “DBBL”, “Dutch Bangla” and “Dutch Bangla Bank”
CEO: Abul Kashem Mohammed Shirin (Nov 1, 2019–)
Founded: 1995, Dhaka
Headquarters: Dhaka
Number of employees: 1661 (2018)
Number of locations: 220 branches
Parent: FMO
Subsidiaries: Rocket Ltd
- Innovative Services: DBBL is known for introducing various innovative banking services and technologies in Bangladesh. It played a significant role in popularizing mobile banking in the country through its “Rocket” service, which allows customers to perform banking transactions using their mobile phones.
- Rocket Mobile Banking: Rocket is one of DBBL’s flagship services, providing a range of financial services such as fund transfers, bill payments, airtime top-ups, and more through mobile phones. This service has greatly contributed to financial inclusion by providing banking services to people who might not have easy access to traditional bank branches.
- ATM Network: The bank has a substantial network of ATMs across the country, offering convenient access to cash and various banking services.
- Online Banking: DBBL provides online banking services, allowing customers to perform transactions, check their account balances, and manage their accounts through the bank’s website and mobile app.
- Credit and Debit Cards: The bank issues credit and debit cards that can be used for various transactions, both domestically and internationally.
- Corporate Social Responsibility (CSR): DBBL is involved in various CSR initiatives, including supporting education, healthcare, and disaster relief efforts in Bangladesh.
- Branch Network: DBBL has a considerable number of branches across Bangladesh, providing a wide range of banking services to its customers.
- Digitalization: The bank has been at the forefront of digital transformation in the Bangladeshi banking sector, consistently working on enhancing its digital services and offerings.
Please note that banking information and services can change over time, so it’s recommended to visit the official website of Dutch-Bangla Bank Limited or refer to recent financial and news sources for the latest updates and details about the bank’s services and operations.
3. Sonali Bank Ltd. (SBL)
Sonali Bank Limited (SBL) is the largest state-owned commercial bank in Bangladesh. It was established in 1972 after the nationalization of all banks in the country. Sonali Bank PLC is the principal state-owned leading public commercial bank in Bangladesh. It is the largest bank in the country. Ziaul Hasan Siddiqui is the chairman of the Bank. Niranjan Chandra Debnath and Sanchia Binte Ali are the deputy managing directors of the bank.
Headquarters: Dhaka
CEO: Md. Afzal Karim (Aug 28, 2022–)
Founded: 1972
Subsidiaries: Sonali Investment Limited, MORE
Number of employees: 21,839
- Ownership and Structure: Sonali Bank is a government-owned bank, and its operations are guided by the policies and directives of the Government of Bangladesh.
- Branch Network: The bank has an extensive branch network spread across the country, providing various banking and financial services to a diverse customer base.
- Range of Services: Sonali Bank offers a wide range of banking services, including deposit accounts, loans and advances, trade finance, remittance services, foreign exchange transactions, and more.
- Agricultural and Rural Focus: The bank has a significant role in financing the agricultural and rural sectors of Bangladesh. It provides loans and support to farmers and rural entrepreneurs to promote economic development in these areas.
- International Operations: In addition to its domestic operations, Sonali Bank has a presence in various international locations through its overseas branches and subsidiaries. It facilitates international trade and financial transactions.
- Government Transactions: As a state-owned bank, Sonali Bank is often involved in various government transactions, including handling government revenue collection, payments, and disbursements.
- Modernization and Technology: Over the years, the bank has also been working on modernizing its operations and adopting technological advancements to provide more efficient and convenient banking services to its customers.
- Corporate Social Responsibility (CSR): Sonali Bank has been involved in various CSR activities aimed at supporting communities, education, healthcare, and other social initiatives.
For the most current and detailed information about Sonali Bank Limited, I recommend visiting the bank’s official website or referring to up-to-date financial and news sources.
4. Eastern Bank Limited (EBBL)
Eastern Bank Limited (EBL) is one of the prominent private sector commercial banks in Bangladesh. Established in 1992, EBL has gained a reputation for its modern banking practices, customer-focused approach, and innovative services. Eastern Bank Limited is a private commercial bank headquartered in Dhaka, Bangladesh. It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its shares are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange.
Customer service: 02-8332232
CEO: Ali Reza Iftekhar (2007–)
Headquarters: Dhaka
Founded: 1992, Dhaka
Number of employees: 3000+
- Customer-Centric Approach: EBL is known for its emphasis on customer satisfaction and innovative banking solutions. It has worked to provide a range of products and services that cater to the diverse needs of its customers.
- Retail and Corporate Banking: The bank offers a variety of retail banking products and services, including savings and current accounts, loans, credit cards, and more. Additionally, EBL provides corporate banking services such as trade finance, working capital financing, and treasury services.
- Digital Banking: EBL has been actively investing in digitalization and technology-driven banking services. It offers online and mobile banking platforms, allowing customers to perform transactions and manage their accounts conveniently.
- ATM and Branch Network: EBL has a widespread network of branches and ATMs across Bangladesh, providing easy access to banking services for its customers.
- International Banking: The bank is involved in facilitating international trade and remittances through its various international banking services.
- Innovation: EBL is recognized for introducing innovative products and services to the market. It has been at the forefront of embracing technology to enhance customer experience and banking efficiency.
- Corporate Social Responsibility (CSR): EBL is engaged in various CSR initiatives, focusing on areas such as education, healthcare, and community development.
- Financial Inclusion: The bank has played a role in promoting financial inclusion by reaching out to underserved populations and offering services that cater to their needs.
- Sustainability Initiatives: EBL has shown interest in sustainability and has taken steps towards incorporating environmental and social considerations into its operations.
For the most up-to-date and detailed information about Eastern Bank Limited, I recommend visiting the bank’s official website or referring to recent financial and news sources.
5. Standard Chartered Bank Ltd. (SCB)
Standard Chartered Bank Ltd. (SCB), commonly known as Standard Chartered, is a multinational banking and financial services company headquartered in London, United Kingdom. It was formed in 1969 through the merger of two banks: The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.
Standard Chartered operates in more than 60 countries and has a significant presence in Asia, Africa, and the Middle East. It is known for its focus on emerging markets and international trade, which has historically been a cornerstone of its business strategy.
Key features and aspects of Standard Chartered Bank include:
- International Presence: Standard Chartered is renowned for its extensive network in emerging markets, facilitating trade and investment flows between developed and developing economies.
- Corporate and Retail Banking: The bank offers a range of banking services, including corporate and institutional banking, retail banking, wealth management, and private banking.
- Emerging Markets Focus: Standard Chartered’s strategic emphasis on emerging markets has allowed it to capture opportunities in regions with strong economic growth potential.
- Trade Finance: The bank is a major player in trade finance, providing services that support international trade transactions and facilitate cross-border commerce.
- Diverse Customer Base: Standard Chartered serves a wide array of clients, including corporations, governments, financial institutions, and individuals.
- Sustainability and CSR: The bank has shown commitment to sustainability and corporate social responsibility, participating in initiatives related to environmental protection, social development, and ethical business practices.
- Innovation and Technology: Like other modern banks, Standard Chartered has been investing in technology and digital solutions to enhance its customer experience and operational efficiency.
- Regulatory Oversight: Being a global bank, Standard Chartered operates under the regulatory frameworks of various countries and international bodies.
- Financial Services Offerings: The bank provides services such as personal loans, mortgages, credit cards, savings accounts, investment products, and more.
Standard Chartered Bangladesh is the oldest international bank and we pride ourselves not only on our success as an International Bank but also on being best in class and building on a rich history of over 100 years. If you are seeking the most current and accurate information about Standard Chartered Bank, I recommend visiting the official Standard Chartered website or consulting recent financial news sources.
6. The City Bank Ltd
“The City Bank Ltd.” typically refers to “City Bank” or “City Bank Limited,” a major commercial bank based in Bangladesh. Here is some information about City Bank Limited:
- Overview: City Bank Limited is one of the leading private commercial banks in Bangladesh. It was established in 1983 and has since grown to become one of the prominent players in the country’s banking and financial sector.
- Services: The bank offers a wide range of banking and financial services, including retail banking, corporate banking, SME (Small and Medium-sized Enterprises) banking, trade finance, remittance services, treasury services, and more.
- Branch Network: City Bank Limited operates through a network of branches across various cities and regions in Bangladesh. It provides services to both individual customers and businesses.
- Technological Innovation: Like many modern banks, City Bank has also focused on technological innovation and digital banking solutions to enhance customer convenience and operational efficiency.
- Corporate Social Responsibility: The bank has been involved in various corporate social responsibility initiatives, including projects related to education, healthcare, and community development.
- Financial Products: City Bank offers a variety of financial products, including savings accounts, current accounts, fixed deposits, various types of loans, credit cards, and more.
- Online Banking: The bank provides online banking services, allowing customers to access their accounts, make transactions, pay bills, and perform other banking activities through internet and mobile platforms.
For the most accurate and current information about City Bank Limited, I recommend visiting the official website of the bank or referring to recent financial news sources in Bangladesh.
7. Agrani Bank Ltd. (ABL)
Agrani Bank Ltd. (ABL) is a state-owned commercial bank in Bangladesh. Established in 1972, it is one of the major banks in the country and plays a significant role in the financial sector of Bangladesh. Here’s an overview of Agrani Bank Ltd.:
- Ownership: Agrani Bank Ltd. is a government-owned bank in Bangladesh, meaning it is controlled and managed by the government of Bangladesh.
- Services: The bank offers a wide range of banking services to individual customers, businesses, and various sectors of the economy. These services include deposit accounts, loans, trade finance, remittance services, and more.
- Branch Network: Agrani Bank has an extensive network of branches and sub-branches across different regions of Bangladesh, making its services accessible to a large portion of the population.
- Government Transactions: Being a state-owned bank, Agrani Bank often handles government transactions, including disbursement of salaries, pensions, and other payments to government employees.
- Financial Inclusion: Agrani Bank has been involved in initiatives aimed at promoting financial inclusion and extending banking services to underserved and remote areas of Bangladesh.
- Technological Advancements: Like many other banks, Agrani Bank has been incorporating technological advancements to provide digital banking solutions and improve customer service.
- Development Projects: Agrani Bank has been involved in financing various development projects that contribute to the economic growth and development of Bangladesh.
For the most up-to-date and accurate information about Agrani Bank Ltd., I recommend checking the official website of the bank or referring to recent financial news sources in Bangladesh.
8. BRAC Bank Ltd.
BRAC Bank Limited is a prominent private commercial bank in Bangladesh. Established in 2001, the bank is part of the BRAC (originally known as Bangladesh Rural Advancement Committee) group, which is one of the largest non-governmental development organizations in the world. Here’s an overview of BRAC Bank Ltd.:
- Ownership: BRAC Bank is a private commercial bank in Bangladesh. It was founded as a joint venture between BRAC and international investors, but over time, BRAC has become the majority shareholder.
- Services: The bank offers a wide range of banking and financial services, catering to individual customers, businesses, and various sectors of the economy. These services include retail banking, SME banking, corporate banking, trade finance, remittance services, and more.
- Branch Network: BRAC Bank has an extensive branch network across different regions of Bangladesh, making its services accessible to a large customer base.
- Focus on SMEs: BRAC Bank has a strong focus on serving small and medium-sized enterprises (SMEs) in Bangladesh. The bank’s SME banking services include specialized products and solutions tailored to the needs of these businesses.
- Digital Banking: BRAC Bank has been proactive in adopting digital banking technologies to enhance customer experience and streamline banking operations.
- Innovation: The bank has been recognized for its innovative products and services, often introducing new and customer-centric offerings to the market.
- Corporate Social Responsibility: BRAC Bank is known for its commitment to social responsibility and sustainable development. It is involved in various community initiatives and projects that aim to uplift marginalized communities.
- Awards and Recognition: Over the years, BRAC Bank has received several awards and recognitions for its performance and contributions to the banking industry.
- Financial Products: The bank provides a range of financial products, including savings accounts, current accounts, various types of loans, credit cards, and more.
For the most current and accurate information about BRAC Bank Limited, I recommend visiting the official website of the bank or referring to recent financial news sources in Bangladesh.
9. Bank Asia Ltd
Bank Asia Limited is a private-sector commercial bank in Bangladesh. Areef Billah Adil Chowdhury is the President and Managing Director of the bank. Romo Rouf Chowdhury, chairman of Rancon Group, is the chairman of Bank Asia Limited.
Bank Asia Limited is a private commercial bank in Bangladesh. Established in 1999, the bank has become one of the significant players in the country’s banking and financial sector. Here’s an overview of Bank Asia Ltd.:
- Ownership: Bank Asia is a private commercial bank in Bangladesh, and it is listed on the Dhaka and Chittagong Stock Exchanges.
- Services: The bank offers a wide range of banking and financial services, catering to individual customers, businesses, and various sectors of the economy. These services include retail banking, corporate banking, SME banking, trade finance, remittance services, and more.
- Branch Network: Bank Asia has a significant presence in Bangladesh with a network of branches and sub-branches across different regions, ensuring accessibility to a large customer base.
- Technological Innovation: The bank has embraced technological innovation and digital banking solutions to enhance customer experience, streamline operations, and offer convenient banking services.
- SME Focus: Bank Asia has a particular emphasis on serving small and medium-sized enterprises (SMEs) in Bangladesh. The bank provides tailored financial solutions to meet the specific needs of these businesses.
- International Operations: In addition to its domestic operations, Bank Asia has correspondent banking relationships and offers international banking services.
- Corporate Social Responsibility: The bank is involved in various corporate social responsibility initiatives, focusing on education, healthcare, poverty alleviation, and community development.
- Awards and Recognition: Bank Asia has received recognition for its performance, innovative products, and contributions to the banking sector.
- Financial Products: The bank offers a variety of financial products, including savings accounts, current accounts, loans, credit cards, and more.
For the most current and accurate information about Bank Asia Limited, I recommend visiting the official website of the bank or referring to recent financial news sources in Bangladesh.
10. United Commercial Bank (UCB)
United Commercial Bank (UCB) is a private commercial bank in Bangladesh. Established in 1983, UCB has grown to become one of the prominent players in the country’s banking and financial sector. Here’s an overview of United Commercial Bank:
- Ownership: United Commercial Bank is a private commercial bank in Bangladesh, and it is listed on the Dhaka and Chittagong Stock Exchanges.
- Services: UCB offers a wide range of banking and financial services, catering to individual customers, businesses, and various sectors of the economy. These services include retail banking, corporate banking, SME banking, trade finance, remittance services, and more.
- Branch Network: UCB has a substantial presence in Bangladesh with a network of branches and sub-branches spread across different regions, making its services accessible to a large customer base.
- Technological Advancements: The bank has embraced technological advancements and digital banking solutions to provide convenient and efficient services to its customers.
- SME Focus: UCB places emphasis on serving small and medium-sized enterprises (SMEs) in Bangladesh. The bank provides specialized financial solutions to meet the unique needs of these businesses.
- International Operations: UCB offers international banking services and has correspondent banking relationships for facilitating global transactions.
- Corporate Social Responsibility: The bank is engaged in various corporate social responsibility initiatives, with a focus on education, healthcare, community development, and environmental sustainability.
- Awards and Recognition: UCB has received recognition for its performance, customer service, and contributions to the banking industry.
- Financial Products: The bank offers a variety of financial products, including savings accounts, current accounts, loans, credit cards, and more.
For the most current and accurate information about United Commercial Bank, I recommend visiting the official website of the bank or referring to recent financial news sources in Bangladesh.