In this article, we are going to share the best Bangladesh bank both private and public banks. Bank is a necessity of the current time as everyone wants to save their hard-earned money in a trustworthy organization and banks play a vital role in it.
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The safest and most reliable place to safeguard people’s financial assets, capital, and jewels is a bank. Any nation’s economic development depends in a significant way on the banking industry. In recent years, Bangladesh’s banking industry has experienced substantial expansion and development. With the growth of modern trade and business, a robust banking system has become essential. Banks play a crucial role in ensuring the financial growth of the economy in addition to serving as custodians of public funds. 60 scheduled banks and 5 non-scheduled banks in the nation are governed and under the watchful eye of the Bangladesh Bank (BB). Unscheduled boperateerate outside of the BB’s control and are not subject to its licensing requirements.
List of Best Bangladesh Bank
Here is a list of some of the best Bangladesh Bank.
Dutch-Bangla Bank Limited
Dutch Bangla Bank Limited (DBBL) is a partnership between Dutch company FMO and Bangladeshi businessman M Sahabuddin Ahmed (Founder and Chairman). According to the Companies Act of 1991 and the Companies Act of 1994, respectively, DBBL was established as a subsidiary of the Bank and merged as a public restricted organization in Bangladesh. On June 3, 1996, DBBL started conducting official business.
BRAC Bank
The development company BRAC manages Bangladesh’s BRAC Bank Limited, a private commercial bank. The bank began its journey in 2001 with a focus on Small and Medium Enterprises (SMEs), and in the course of its 20 years of existence, it has established 187 branches, 705 agent banking locations, and 373 ATM booths across the nation to serve its clients.
Islami Bank Bangladesh Ltd
Since its founding in 1983, Islami Bank Bangladesh Limited (IBBL) has been one of the top commercial banks in Bangladesh, offering its clients top-notch banking products and services. The bank has received numerous accolades for its exceptional performance.
Janata Bank Limited
Bangladesh’s Janata Bank Ltd. was founded in 1972 and is a state-owned commercial bank. Its headquarters are located at Motijheel in Bangladesh’s capital c city of Dhaka. Janata Bank Limited has 844 branches in Bangladesh and 4 branches in the United Arab Emirates.
Hongkong and Shanghai Banking Corporation Ltd
The HSBC group initially established a presence in Bangladesh in 1996 with the opening of its first branch. In Bangladesh, the HSBC Group currently provides a wide range of financial services, including business banking, consumer banking, installment and money management, exchange administrations, depository, and care and clearing.
Sonali Bank Limited
Sonali Bank was founded in 1972 as a result of the merger and nationalization of the offices of the National Bank of Pakistan, Bank of Bahawalpur, and Premier Bank which had been located in East Pakistan prior to the Bangladesh Liberation War in 1971. Sonali Bank had a paid-up capital of 30 million taka when it was established.
Karmasangsthan Bank
Karmasangsthan Bank is a public bank that specializes in giving loans and other forms of financial assistance to underprivileged and jobless people so they can start their own businesses. It is essential for reducing poverty and generating employment.
Standard Chartered Bank
With a significant presence on a worldwide scale and a history that spans more than a century in Bangladesh, Standard Chartered Bank is a reputable brand for people as well as businesses. The bank provides a variety of services, such as wealth management, corporate banking, and retail banking.
Prime Bank Limited
On April 17, 1995, Prime Bank was established, and business operations got underway. According to the Companies Act of 1994, it was consolidated. The Bank is traded on the Chittagong and Dhaka stock exchanges.
Eastern Bank Ltd
A private bank Eastern Bank Limited is located in Dhaka, Bangladesh. It was established on August 8, 1992, according to the Bank Companies Act of 1991, as a public restricted entity with a restricted obligation.
We have mentioned some of the best Bangladesh Banks both commercial and public. These are considered among the top 10 best Bangladesh banks.
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