State Owned Banks in Bangladesh – State Owned Commercial Banks (SOCBs) in Bangladesh are banks that are owned by the government. These banks provide a wide range of banking services, including retail banking, corporate banking, and SME banking. They play a significant role in the financial sector by ensuring financial inclusion, supporting various government initiatives, and promoting economic development.
State Owned Commercial Banks (SOCBs):
There are 6 state-owned commercial banks (SOCBs) in Bangladesh that are government-owned institutions providing a wide range of banking services, including retail banking, corporate banking, and SME banking. These banks play a significant role in the financial sector, ensuring financial inclusion and supporting various government initiatives. They are fully or majorly owned by the Government of Bangladesh.
See also:
❏ Financial system in Bangladesh
- Agrani Bank PLC: Agrani Bank PLC is a leading commercial bank offering a diverse range of banking services across the country, including retail banking, corporate banking, SME banking, remittances, and agricultural loans.
- Bangladesh Development Bank PLC: Bangladesh Development Bank PLC focuses on industrial financing and development projects to promote economic growth. It offers services including industrial financing, project financing, SME loans, and retail banking.
- BASIC Bank PLC: BASIC Bank PLC specializes in providing industrial and commercial loans to small and medium enterprises. It offers services including SME banking, industrial loans, retail banking, and trade finance.
- Janata Bank PLC: Janata Bank PLC is one of the largest commercial banks in Bangladesh with extensive domestic and international operations. It offers services including retail banking, corporate banking, SME banking, trade finance, and foreign exchange services.
- Rupali Bank PLC: Rupali Bank PLC is a major state-owned bank focusing on providing comprehensive banking services to individuals and businesses. It offers services including retail banking, corporate banking, SME banking, international banking, and agricultural loans.
- Sonali Bank PLC: Sonali Bank PLC is the largest state-owned commercial bank in Bangladesh, providing a wide range of banking services including retail banking, corporate banking, international banking, SME banking, and agricultural loans.
State Owned Commercial Banks (SOCBs) are instrumental in driving financial inclusion, supporting economic development, and implementing government policies and programs in Bangladesh. Their extensive network and range of services make them a vital component of the country’s banking sector.
