The banking sector is an important factor in the economic development of any country. In Bangladesh, the banking sector has seen significant growth and development in recent years. With the expansion of modern trade and business, the need for a strong banking system has become indispensable. Banks not only act as custodians of public money but also play a vital role in maintaining the financial position of the economy. The Bangladesh Bank (BB) regulates and supervises 60 scheduled banks and 5 non-scheduled banks in the country. Scheduled banks are those that operate under the BB’s licensing and regulations, while unscheduled banks do not fall under BB’s purview.
In this article, we have compiled a list of the top 10 commercial banks in Bangladesh. These banks have played a pivotal role in the economic growth of the country and have a strong presence across Bangladesh. They offer a range of products and services, including personal and business loans, savings accounts, and investments. These banks also provide career opportunities, and interested individuals can visit the career weblinks provided for further information. A well-developed banking system is a crucial aspect of any thriving economy, and Bangladesh has certainly made significant strides in this area.
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Interesting fact about the Top 10 Commercial and Gov Banks in Bangladesh
01. There are 6 (six) State Owned Commercial Banks (SOCBs) which are fully or majorly owned by the Government of Bangladesh and are operates under full control and supervision of Bangladesh Bank Order, 1972 and Bank Company Act, 1991.
02. Sonali Bank PLC (Public Limited Company) (Bengali: সোনালী ব্যাংক পিএলসি) is the principal state-owned leading public commercial bank in Bangladesh.
03. At present, 10 banks— Sonali, Janata, Rupali, Agrani, Bangladesh Krishi, BASIC, ICB Islamic and Padma have the central bank’s observer. But their financial health is still ailing.
04. Agrani Bank Limited (ABL) is the First state-owned Commercial Bank in Bangladesh to introduce Agent Banking.
05. Eastern Bank Limited (EBL) wins the coveted ‘Bangladesh’s Best Domestic Bank 2023’ award accorded by The Asiamoney.
06. IBBL recognised as ‘Strongest Bank’ in Bangladesh | The Business Standard.
07. BRAC Bank ranked top in loan disbursement comprising 62.61% of the total share.
08. Brac Bank tops the list of banks in the latest Sustainable Rating, followed by Jamuna Bank, Prime Bank, Shahjalal Islami Bank, City Bank, Trust Bank, and United Commercial Bank.
09. Introducing Bangladesh to its very first private sector bank; AB Bank Limited was incorporated on 31st December, 1981.
10. Bangladesh banking sector started with six nationalised entities: Sonali, Agrani, Janata, Rupali, Pubali, and Uttara Bank under Bangladesh Bank Nationalisation Order 1972.
List of Top 10 Commercial and Gov Banks in Bangladesh
|01||Islami Bank Bangladesh ltd.||March 13, 1983|
|02||Dutch-Bangla Bank Ltd.||July 4, 1995|
|03||Sonali Bank Ltd.||1972|
|04||Prime Bank Ltd.||17 April 1995|
|05||HSBC Bank Ltd.||1996|
|06||Standard Chartered Bank Bangladesh Pvt. Ltd.||1948|
|07||BRAC Bank Ltd.||4 July 2001|
|08||Habib Bank Limited.||1976|
|09||Bank Asia Ltd.||28, 1999|
|10||Janata Bank Ltd.||1972|
Founded in 1983, Islami Bank Bangladesh Limited (IBBL) has secured its position as one of the leading commercial banks in Bangladesh. Over the years, IBBL has garnered recognition for its exceptional banking solutions and services, earning prestigious accolades such as the Best Bank in Bangladesh award in 1999. Additionally, it received recognition for outstanding banking solutions and services in 2000. As of December 31, 2016, IBBL boasted a diverse shareholder base of 33,686 investors. With 36.91% local and 63.09% foreign shareholders, IBBL maintains a strong presence in the Bangladesh banking sector. The bank is publicly listed on the Dhaka and Chittagong stock exchanges, boasting an authorized capital of BDT 20,000.00 million and a paid-up capital of BDT 16,099.90 million.
Renowned for its customer-centric approach and innovative banking solutions, IBBL ranks among the Top 10 Commercial Banks in Bangladesh. With an extensive range of offerings, including personal and business banking, investments, and insurance, IBBL continues to serve the banking needs of the people of Bangladesh. Backed by a dedicated team of professionals, IBBL is committed to delivering an exceptional banking experience for its valued customers.
Dutch-Bangla Bank Limited (DBBL) stands as a frontrunner among the Top 10 Commercial Banks in Bangladesh, setting the bar for digital banking and ATM network services. As the foremost choice in a competitive banking landscape, DBBL excels in providing exceptional banking solutions. Notably, it holds the distinction of being the largest donor bank in Bangladesh, serving an extensive customer base of over 18,999,000 clients nationwide.
DBBL’s stronghold extends across Bangladesh, boasting an extensive network of 165 branches and a remarkable 4417 ATMs. Founded in 1996 by M Sahabuddin Ahmed, it holds the distinction of being the country’s inaugural joint venture bank, marking 21 years of transformative banking history. It also pioneered mobile banking services in Bangladesh as the first non-governmental state-funded provider, making it a favored choice for mobile banking solutions. Firmly rooted in innovation and dedicated to customer satisfaction, DBBL has cemented its status as a reliable, customer-centric bank in Bangladesh. With an array of banking products and services, including personal and business banking, investments, insurance, and more, DBBL is the embodiment of modern and accessible banking solutions.
Sonali Bank Ltd., the largest nationalized commercial bank in Bangladesh, takes the lead as one of the Top 10 Commercial Banks in Bangladesh, offering a comprehensive suite of financial services. Established under the “Nationalization Order 1972,” it has emerged as the preferred financial institution among the people of Bangladesh, boasting a vast network of 1201 branches, including 854 in rural and 345 in urban areas. Sonali Bank’s widespread popularity is a testament to its unwavering commitment to delivering reliable services. With an extensive workforce of 18,167+ dedicated officers and staff, it caters to the diverse needs of its customer base.
This esteemed bank goes beyond traditional banking by actively participating in various social initiatives. It handles pensions, retirement payments for both private and public personnel, and manages service organization bills. Furthermore, it plays a pivotal role in propelling the country’s trade and commerce by fostering economic activities. As the largest bank in Bangladesh, Sonali Bank Ltd. is deeply committed to providing top-notch financial services. Whether you require assistance with personal banking, corporate banking, trade finance, or any other financial services, Sonali Bank Ltd. is your trusted partner in achieving your financial goals.
Prime Bank, a distinguished financial institution founded in 1995, holds a prominent place among the Top 10 Commercial Banks in Bangladesh. Recognized for its professional and exceptional banking services, Prime Bank has garnered a reputation for excellence over the years. With a dedicated team of skilled professionals committed to delivering top-tier banking services, the bank maintains a network of over 60 branches across the country, upholding international standards in finance and banking systems. Prime Bank’s accolades further solidify its standing as a top-performing financial institution. In 2002, it received the prestigious ICAB National Awards, a testament to its outstanding performance and commitment to excellence. The bank shines in the realm of Corporate and Institutional Banking, and its innovative Digital Banking offerings cater to the evolving needs of modern customers.
Globally recognized for its exceptional services, Prime Bank was named the Best Bank in Bangladesh by Global Finance in 2020, a significant accolade from a major North American financial newspaper. Asiamoney, another globally renowned financial publication, also bestowed the title of the Best Digital Bank in Bangladesh for 2020 upon Prime Bank. With a consistent track record of delivering professional and innovative banking services, Prime Bank stands as a leading choice among the Top 10 Commercial Banks in Bangladesh, offering reliable financial solutions to its valued clients.
HSBC, formally known as the Hong Kong and Shanghai Banking Corporation, stands as a global financial powerhouse with an extensive international presence. With a network spanning 7,500 offices across 81 countries and territories in Europe, HSBC holds the distinguished title of the largest banking and financial service provider worldwide. HSBC’s presence in Bangladesh, established in 1996, has notably resonated with Bangladeshis seeking to partake in international transactions. The bank’s welcoming and proficient financial services have bridged the gap for Bangladeshis, granting them easier access to international banking services.
HSBC’s unwavering dedication to delivering exceptional financial services has solidified its status as a dependable and trustworthy financial institution. Consequently, it ranks among the most favored choices for the people of Bangladesh, particularly those seeking reliable and convenient financial solutions for international transactions. HSBC Bank, with its global reach and commitment to providing friendly and accessible financial services to the Bangladeshi population, is a prominent choice among the Top 10 Commercial Banks in Bangladesh.
Established in 1948, Standard Chartered Bank has solidified its position as a leading banking and financial services company. It initiated its operations in Bangladesh from Chittagong and has since evolved into one of the largest foreign banks in the nation. While its ATM booth services are relatively limited, Standard Chartered Bank offers an extensive array of banking services that encompass corporate and institutional banking, personal banking, and wealth management services.
The bank’s exceptional performance has garnered numerous accolades, further affirming its status among the Top 10 Commercial Banks in Bangladesh. It received the prestigious “Bank of the Year” award by The Banker in 2010, 2012, and 2013, recognizing its unwavering commitment to delivering top-tier financial services. In 2013, it also clinched the “Best Consumer Internet Bank” award at the Global Finance Awards, reinforcing its dedication to providing exceptional financial solutions to its clients. Standard Chartered Bank, with its rich history and a comprehensive suite of banking services, remains a stalwart financial institution among the Top 10 Commercial Banks in Bangladesh. Despite limited ATM booth services, its numerous awards and recognitions underscore its commitment to delivering top-notch financial services to its esteemed clients.
BRAC Bank, a prominent private commercial bank in Bangladesh, stands out among the Top 10 Commercial Banks in Bangladesh with its unwavering focus on small and medium-class enterprises. It has earned the distinction of being the fastest-growing bank in the country, swiftly gaining popularity. BRAC Bank’s offerings encompass a wide spectrum of tailored financial solutions designed to cater to the unique needs of its clients. Boasting a network of 156 outlets, over 310 ATMs, and a substantial customer base exceeding 700,100, the bank has firmly established itself as a trusted financial institution in Bangladesh.
What sets BRAC Bank apart from its peers is its profound commitment to social responsibility. The bank has been tirelessly engaged in initiatives aimed at enhancing the health, reducing poverty, and improving the environment for the people of Bangladesh. This dedication to social well-being elevates BRAC Bank as the preferred choice for socially conscious customers in Bangladesh, further cementing its status among the Top 10 Commercial Banks in the country.
Habib Bank Limited (HBL), a prominent commercial bank based in Pakistan, has extended its global footprint to serve customers worldwide, including a notable presence in Bangladesh since 1976. With an ongoing expansion of its branch network, HBL offers a comprehensive range of individual banking services, catering to diverse financial needs. In Bangladesh, HBL operates five branches, providing a wide spectrum of services that encompass commercial banking, investment banking, corporate banking, Islamic banking, cash management, global treasury, and asset banking. From car loans and home loans to credit cards, debit cards, fast transfers, and phone banking, HBL’s offerings are designed to meet individual banking requirements.
HBL’s global reach, coupled with its deep local expertise, positions it as a trusted partner for customers in Bangladesh seeking high-quality financial services. The bank’s commitment to excellence shines through its mission to deliver innovative solutions and exceptional customer service. HBL, a leading commercial bank in Pakistan, extends its legacy to Bangladesh, offering a diverse range of individual and business banking services. Its global presence, local acumen, and unwavering dedication to excellence distinguish HBL as a dependable partner for those in Bangladesh seeking top-tier financial solutions among the Top 10 Commercial Banks in the country.
Bank Asia Ltd, a leading private commercial bank established in 1999, holds a prominent position among the Top 10 Commercial Banks in Bangladesh. Founded by a group of accomplished businesspeople with notable social standing, the bank boasts a seasoned executive team comprising veteran bankers with extensive experience in national and international markets. This top-tier management is further bolstered by a cadre of experts, many of whom bring extensive global market insights. Bank Asia Ltd is deeply committed to delivering innovative financial solutions and expanding its services to cater to the evolving needs of its clientele. Its comprehensive range of services encompasses personal banking, SME banking, corporate banking, and international trade financing.
Notably, the bank’s excellent remittance services are highly favored among the Bangladeshi population, contributing significantly to the country’s economy. Bank Asia Ltd has received numerous accolades, including the Best Corporate Social Responsibility Award, the Best Retail Bank in Bangladesh Award, and the Best Bank in Bangladesh for Women Entrepreneurs Award. As a reliable and trustworthy financial institution, Bank Asia Ltd places a strong emphasis on customer satisfaction, making it the preferred choice among Bangladeshis. Its commitment to innovation, top-notch customer service, and social responsibility further solidify its status among the Top 10 Commercial Banks in Bangladesh.
Since its inception in 1971, Janata Bank has consistently ranked among the Top 10 Commercial Banks in Bangladesh. With a vast network of over 844 branches spanning the nation, it holds the distinction of being the second-largest commercial bank in Bangladesh. Janata Bank’s global reach extends to the United Arab Emirates, where it operates four branches. In 2007, Janata Bank underwent a significant transformation, registering with the Joint Stock of Registrars and reemerging as a public limited company under the name Janata Bank Ltd. Since this transition, the bank has remained steadfast in its commitment to providing a diverse customer base with a comprehensive range of financial products and services tailored to their specific needs.
Whether you’re a business owner, entrepreneur, or an individual seeking financial solutions, Janata Bank offers a plethora of options. From savings accounts and loans to credit cards and online banking, the bank provides a holistic suite of financial services to empower you in achieving your financial objectives. Janata Bank boasts a strong reputation as a reliable and trustworthy financial institution, duly recognized through numerous awards and accolades. Its contributions to the country’s economy and unwavering commitment to social responsibility further solidify its status among the Top 10 Commercial Banks in Bangladesh.
Contributor: Tawsif Ahmed; Studying at Mawlana Bhashani Science and Technology University.
Note: These are not Official Ranking From Any Established Authority. Business Haunt Picked Them Randomly and Placed on the Base of Popularity and Internet Source.