Private Banks in Bangladesh

Private Banks in Bangladesh – Bangladesh’s financial sector includes a diverse range of private commercial banks that provide various financial services to individuals, businesses, and institutions which are majorly owned by the private entities. These banks play a crucial role in the country’s economic development.

See also:
❏ Banks in Bangladesh

Private Banks in Bangladesh:

There are 51 private commercial banks in Bangladesh that play a crucial role in the financial sector, offering a diverse range of banking services to individuals, businesses, and institutions. These banks are privately owned and operate based on traditional and Islamic banking principles. There are 32 conventional private commercial banks, 9 foreign private banks and 10 Islamic Shariah-based private commercial banks (ISPCBs) in Bangladesh. Here is a list of private commercial banks in Bangladesh:

• AB Bank PLC: AB Bank PLC is one of the leading private commercial banks in Bangladesh. Established in 1982, it was the first private sector bank in the country.
• Al-Arafah Islami Bank PLC: Al-Arafah Islami Bank PLC was established in 1995 with a focus on providing various Islamic banking products and services including Murabaha, Mudaraba, and Ijarah.
• Bangladesh Commerce Bank PLC: Bangladesh Commerce Bank PLC is a private commercial bank in Bangladesh that offers a variety of banking services aimed at catering to the needs of individuals, businesses, and institutions.
• Bank Al-Falah Limited: Bank Al-Falah Limited is a leading private bank in Pakistan with a significant presence in Bangladesh.
• Bank Asia PLC: Bank Asia PLC is a leading private commercial bank in Bangladesh, known for its innovative banking solutions and extensive range of services.
• Bengal Commercial Bank PLC: Bengal Commercial Bank PLC is a relatively new entrant in the private banking sector of Bangladesh, aiming to offer comprehensive banking services and foster economic development.
• BRAC Bank PLC: BRAC Bank PLC is one of the leading private commercial banks in Bangladesh, renowned for its focus on small and medium enterprises (SMEs) and innovation in banking services.
• Citibank N.A. Bangladesh: Citibank N.A. Bangladesh is a branch of Citibank, a global financial institution headquartered in New York. Operating in Bangladesh since 1987.
• City Bank PLC: City Bank PLC is one of the oldest and most prominent private commercial banks in Bangladesh. Established in 1983.
• Citizens Bank PLC: Citizens Bank PLC is a private commercial bank in Bangladesh that aims to provide a wide range of banking services with a focus on customer satisfaction and financial inclusion.
• Commercial Bank of Ceylon PLC: Commercial Bank of Ceylon PLC is a leading private bank based in Sri Lanka, with a notable presence in Bangladesh. Established in 1920.
• Community Bank Bangladesh PLC: Community Bank Bangladesh PLC is a private commercial bank established to provide comprehensive banking services with a strong focus on community development and financial inclusion.
• Dhaka Bank PLC: Dhaka Bank PLC is a renowned private commercial bank in Bangladesh, offering a comprehensive suite of banking services tailored to meet the needs of individuals, businesses, and institutions.
• Dutch-Bangla Bank PLC: Dutch-Bangla Bank PLC is a prominent private commercial bank in Bangladesh, well-known for its technological advancements and wide range of banking services.
• Eastern Bank PLC: Eastern Bank PLC is a leading private commercial bank in Bangladesh, known for its innovative banking solutions and customer-centric approach.
• EXIM Bank PLC: EXIM Bank PLC, formerly known as Export Import Bank of Bangladesh Limited, was established in 1999. It converted into a full-fledged Islamic bank in 2004.
• First Security Islami Bank PLC: First Security Islami Bank PLC was established in 1999 and operates based on Islamic Shariah principles.
• Global Islami Bank PLC: Global Islami Bank PLC, formerly known as NRB Global Bank Limited, was established in 2013 and converted to a full-fledged Islamic bank in 2020.
• Habib Bank Limited (HBL): Habib Bank Limited (HBL) is a prominent Pakistani bank with a significant international presence, including operations in Bangladesh. Established in 1941.
• HSBC (Hongkong and Shanghai Banking Corporation): HSBC (Hongkong and Shanghai Banking Corporation) is a leading global bank with a strong presence in Bangladesh. Established in 1996 in Bangladesh.
• ICB Islamic Bank PLC: ICB Islamic Bank PLC, formerly known as Oriental Bank Limited, was converted to an Islamic bank in 2007.
• IFIC Bank PLC: IFIC Bank PLC (International Finance Investment and Commerce Bank PLC) is a private commercial bank in Bangladesh, offering a wide range of financial products and services to individuals, businesses, and institutions.
• Islami Bank Bangladesh PLC: The first Islamic bank in Southeast Asia, established in 1983. It offers a range of Shariah-compliant products and services including deposits, investments, and Islamic financing.
• Jamuna Bank PLC: Jamuna Bank PLC is a private commercial bank in Bangladesh, providing a wide array of financial services to individuals, businesses, and institutions.
• Meghna Bank PLC: Meghna Bank PLC is a private commercial bank in Bangladesh, known for its customer-centric approach and innovative banking solutions.
• Mercantile Bank PLC: Mercantile Bank PLC is a well-established private commercial bank in Bangladesh, offering a wide range of financial products and services.
• Midland Bank PLC: Midland Bank PLC is a relatively new private commercial bank in Bangladesh, committed to offering innovative and customer-friendly banking solutions.
• Modhumoti Bank PLC: Modhumoti Bank PLC is a private commercial bank in Bangladesh, known for its innovative banking services and customer-focused approach.
• Mutual Trust Bank PLC (MTB): Mutual Trust Bank PLC (MTB) is a leading private commercial bank in Bangladesh, dedicated to providing a wide range of financial products and services to its customers.
• Nagad Digital Bank PLC: Nagad Digital Bank PLC is an emerging digital banking institution in Bangladesh, focused on providing modern and convenient banking solutions through digital platforms.
• National Bank Limited: National Bank Limited is one of the oldest private commercial banks in Bangladesh, offering a comprehensive range of financial services to individuals, businesses, and institutions.
• National Bank of Pakistan: National Bank of Pakistan (NBP) is a major state-owned bank based in Pakistan, with operations extending to Bangladesh and other countries. Established in 1949.
• National Credit & Commerce (NCC) Bank PLC: National Credit & Commerce (NCC) Bank PLC is a prominent private commercial bank in Bangladesh, dedicated to providing a wide array of banking services to meet the needs of individuals, businesses, and institutions.
• NRB Bank PLC: NRB Bank PLC is a private commercial bank in Bangladesh, primarily focused on serving the Non-Resident Bangladeshi (NRB) community.
• NRB Commercial (NRBC) Bank PLC: NRB Commercial (NRBC) Bank PLC is a private commercial bank in Bangladesh, designed to cater to the financial needs of both Non-Resident Bangladeshis (NRBs) and local customers.
• One Bank PLC: One Bank PLC is a private commercial bank in Bangladesh, offering a range of financial services and products designed to meet the needs of individuals, businesses, and institutions.
• Padma Bank PLC: Padma Bank PLC is a private commercial bank in Bangladesh that offers a variety of banking services and financial products to individuals, businesses, and institutions.
• Premier Bank PLC: Premier Bank PLC is a private commercial bank in Bangladesh, dedicated to providing a comprehensive range of banking services and financial products.
• Prime Bank PLC: Prime Bank PLC is a leading private commercial bank in Bangladesh, offering a wide array of financial services and products.
• Shahjalal Islami Bank PLC: Shahjalal Islami Bank PLC was established in 2001 and focuses on providing Islamic banking services.
• Shimanto Bank PLC: Shimanto Bank PLC is a private commercial bank in Bangladesh, dedicated to providing a variety of banking services and financial products.
• Social Islami Bank PLC: Social Islami Bank PLC was founded in 1995. It offers a wide range of Shariah-compliant financial products and services.
• Southeast Bank PLC: Southeast Bank PLC is a prominent private commercial bank in Bangladesh, known for its extensive range of financial services and commitment to customer satisfaction.
• South Bangla Agriculture and Commerce (SBAC) Bank PLC: SBAC Bank PLC is a private commercial bank in Bangladesh, focusing on providing a range of financial services with an emphasis on agricultural and commercial sectors.
• Standard Bank PLC: Standard Bank PLC was established in 1999 as a conventional bank, and it began offering Islamic banking services through a dedicated Islamic banking division.
• Standard Chartered Bank: Standard Chartered Bank is a leading international bank with a significant presence in Bangladesh. Established in Bangladesh in 1948.
• State Bank of India (SBI): State Bank of India (SBI) is India’s largest public sector bank, with a significant presence in Bangladesh. Established in Bangladesh in 1975.
• Trust Bank PLC: Trust Bank PLC is a leading private commercial bank in Bangladesh, known for its comprehensive range of financial products and services.
• Union Bank PLC: Union Bank PLC was established in 2013, and operates based on Islamic Shariah principles.
• United Commercial Bank PLC (UCB): United Commercial Bank PLC (UCB) is one of the largest and oldest private commercial banks in Bangladesh. The bank offers a wide range of financial products and services, focusing on innovation and customer satisfaction.
• Woori Bank Bangladesh: Woori Bank Bangladesh is a subsidiary of Woori Bank, a leading South Korean financial institution. Established in Bangladesh in 1996.

These banks provide a wide range of services, including retail banking, corporate banking, SME banking, and various specialized financial products, contributing significantly to the country’s financial system and economic growth.