The banking sector plays an essential role in the economic development of a country. This system can be termed as a barometer of a country’s economic prosperity. Bangladesh has gain control over the banking sector very strongly as for Bangladesh, a well-developed banking system is indispensable for modern trade and commerce. In every country, banks are not only acting as custodian of public money but also are insistent as a vital agent for the maintenance of the sound financial position of a country’s economy. Judging various circumstances of the banking sector in Bangladesh, here we have listed the top 10 popular banks in Bangladesh with career weblinks.
List of Top 10 Popular Banks in Bangladesh
1. Islami Bank Bangladesh Ltd.
As it’s known as IBBL, it is one of the leading commercial banks in Bangladesh. As the best bank in the country, it’s awarded in 1999. Also, it gets the award in 2000 for excellent banking solutions and service.
One of the top-level and popular Banks in Bangladesh is the Islami Bank Bangladesh Limited, which was incorporated on 13 March 1983 as a public limited company Act 1913. Among the shareholder of this bank, there are 36.91% local and 63.09% foreign.
Having 33,686 shareholders as of thirty-first December 2016, it is in the list with Dhaka securities market and urban center securities market licensed Capital of the Bank is BDT 20,000.00 Million and paid Capital is BDT 16,099.90 Million. Apart from these, the bank is famous among common people in Bangladesh.
2. Dutch-Bangla Bank Ltd.
Dutch-Bangla Bank Limited is shortly known as DBBL and the best bank among many banks in Bangladesh. It is supporting clients with the largest digital banking system and ATM booths.
Apart from being the best, DBBL is the largest donor bank amongst all Bangladeshi banks. It has more than 18,999,000 customers across the country. The Bank has both 165 Branches and 4417 ATM. It is Bangladesh’s first joint venture bank in its 21 years’ banking. These all made it number 2 among the Bangladeshi banks.
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3. Sonali Bank Ltd.
Sonali Bank Ltd. is considered to be the largest bank of Bangladesh, it’s the Nationalized Commercial Bank. It was formed under “Nationalization Order 1972” for providing a long range of financial services. It’s on the top of the choices of the people of Bangladesh with 1201 branches; 854 and 345 branches are located in rural and urban areas respectively. Sonali Bank Ltd. is popular than many local government banks in Bangladesh.
4. Prime Bank Ltd.
After establishing in 1995, the Prime Bank manages a highly professional team who are enthusiastic in their professional banking service. With more than 60 branches, the bank fully follows the international stander in the finance and banking system. Apart from these, it achieves the ICAB National Awards in 2002.
5. HSBC Bank Ltd.
Having an international network and 7,500 offices over 81 countries and territories in Europe, HSBC (Hong Kong, Shanghai Banking Corporation) Bank is the largest banking and financial service provider worldwide.
After opening the HSBC branch in 1996, HSBC is one of the top choices for Bangladeshi people in maintaining international transactions. These all were possible as they are providing clients with friendly financial service and support to the Bangladeshi people in international banking.
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6. Standard Chartered Bank Bangladesh Pvt. Ltd.
Standard Chartered Bank was founded in 1948 as a banking and financial service company. Standard Bank started the journey from Chittagong. Though it is one of the largest foreign banks in Bangladesh it is limiting its ATM booth services. It provides a wide range of services to its clients. It was awarded ”Bank of the Year award by The Banker in 2013, 2012 & 2010” and ”Best Consumer Internet Bank’ at the Global Finance Awards in 2013”
7. BRAC Bank Ltd.
Focusing on Small and Medium class Enterprises, BRAC BANK was the fastest among growing as the popular private commercial bank in Bangladesh. Besides, BRAC Bank offers a financial solution for any client need as per their requirement with 156 outlets, over 310 ATMs, and over 700,100 clients on the market. This is the only bank that is working for a long time for the Bangladeshi people’s health, poverty, environment, etc in through its various programs.
8. Habib Bank Ltd.
HBL starts functioning in Bangladesh in 1976, and since then it has kept opening new branches. Habib Bank Limited is a commercial bank of Pakistan run by private players. It provides services like a car loan, home loan, credit card, debit card, fast transfer, and phone banking, etc under individual banking services.
With five branches in Bangladesh, it comes with many different services like- Commercial banking, Investment banking, Corporate banking, Islamic banking, Cash management, Global Treasury and Asset banking, etc.
9. Bank Asia Ltd.
A private sector commercial bank is Bank Asia Limited in Bangladesh, they are working in expanding their services day by day. Bank Asia Ltd. is popular among the BD people for its various services and their financial activities are good for the purpose of remittance.
10. Janata Bank Ltd.
After establishing in 1971, Janata Bank has more than 844 branches all over the country. It’s not only the second-largest commercial bank in Bangladesh and it has 4 branches in the United Arab Emirates as well.
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.