Overview of Banks in Bangladesh
Banks in Bangladesh fall under the supervision of the Bangladesh Bank, the central bank of the country. Established in 1971, Bangladesh Bank is responsible for managing the gold reserve and foreign currency, and for maintaining price stability in the country.
Moody’s Investors Service gives the banks in Bangladesh a stable outlook, reflecting the healthy operating environment in the country (April 2020). The country is experiencing strong and stable economic growth, thanks to strong private investments and growth of private consumption.
For anyone who is considering a banking career in Bangladesh, this list of top banks in Bangladesh is a helpful guide on where to start. To learn more, see our list of financial institutions.
The Top Banks in Bangladesh Include:
HSBC established a presence as one of the major banks in Bangladesh in 1996, providing various financial products and services, such as commercial and consumer banking, trade services, custody, clearing and global liquidity, and cash management. The treasury and capital markets business of the HSBC Group is one of the largest in the world.
Net income: BDT 5.14 billion (2020)
Total assets: BDT 328.9 billion (2020)
Dutch-Bangla Bank Limited or DBBL was founded in 1995 under the Bank Companies Act 1991. The bank was later incorporated as a public limited company under the Companies Act in 1994 to provide banking and financial services in the country. It is listed with the Chittagong Stock Exchange Limited and Dhaka Stock Exchange Limited. DBBL is based in Dhaka.
Net income: BDT 5.28 billion (2020)
Total assets: BDT 472.36 billion (2020)
The largest of the banks in Bangladesh is the state-owned commercial bank, Sonali Bank. It is also the leading Nationalized Commercial Bank by proclamation of the Banks’ Nationalization Order of 1972 (Presidential Order No. 26). Founded in 1972, it provides various banking products, including finance and insurance, consumer and corporate banking, investment banking, and investment management. Headquartered in Dhaka, it also operates branches in the UK.
Net income: BDT 2.71 billion (2019)
Total assets: BDT 1.47 trillion (2019)
Islami Bank Bangladesh Limited (IBBL)
Islami Bank Bangladesh Limited was founded in 1983. It was the first Islamic bank in Southeast Asia, providing a range of commercial banking services that are based on Islamic Shari’ah law.
With 357 branches, IBBL owns the largest branch network among the private sector banks in Bangladesh. It is listed on the Chittagong Stock Exchange Limited and Dhaka Stock Exchange Limited.
Net income: BDT 4.80 billion (2020)
Total assets: BDT 1,461.5 billion (Q1 2021)
Grameen Bank is a microfinance organization and community development bank that provides small loans or micro-credit to impoverished individuals. In 1983, it was authorized by national legislation to operate as an independent bank.
Professor Muhammad Yunus was the man behind Grameen Bank. Yunus’ research project looked into a credit delivery system that aims to provide banking solutions to the poor in rural areas. In 2006, Yunus and Grameen Bank were awarded the Nobel Peace Prize. The bank’s headquarters is in Dhaka, overseeing more than 2,500 branches as of January 2021.
Net income: BDT 4.72 billion (2019)
Total assets: BDT 286.45 billion (2019)
Janata Bank is a state-owned commercial bank that provides a range of financial services. It was founded in 1972, following the merger of United Bank Limited and Union Bank Limited under the Banks Nationalization Order (President’s Order No. 26) of 1972.
The bank operates through its 915 branches throughout the country, with headquarters in Dhaka. It also maintains overseas branches in the United Arab Emirates.
Net income: BDT 246.4 million (2019)
Total assets: BDT 895.4 billion (2019)
Standard Chartered Bank
Standard Chartered Bank is the oldest and largest international bank in Bangladesh. Established in 1972, it is also the first foreign bank to extend credit lines to the country. The bank offers a full range of products and services, including retail banking, treasury, and foreign currency exchange.
Standard Chartered Bank oversees a network of 24 branches and booths, as well as 94 ATMs. It is the only international bank in Bangladesh to operate in six cities in the country.
Prime Bank Limited
A fully licensed commercial bank, Prime Bank Limited, provides a wide selection of banking products and services, such as commercial, corporate, and personal banking. The bank started its operations in 1995 and serves various industries, as well as all segments of society, within the framework of the Banking Company Act. It lists 3,090 full-time employees and is headquartered in Dhaka.
Net income: BDT 1.83 billion (2020)
Total assets: BDT 348.3 billion (2016)
Habib Bank Limited
Habib Bank (HBL) established a presence in Bangladesh in 1976, providing various banking products and services such as investment banking, consumer banking, and retail banking. Founded in 1947, HBL was the first commercial bank in Pakistan.
With more than 1,700 branches and 2,000 ATMs globally, HBL is the country’s largest private sector bank. It is also the biggest domestic multinational bank, with a global footprint in more than 25 countries.
State Bank of India
The State Bank of India is the largest commercial bank in India. The government-owned corporation provides commercial banking services all over the world. It oversees a network of more than 20,000 branches and 189 international offices in 35 countries.
In 2015, it was ranked 59th on the Top 1000 Banks in the World list by The Banker. It operates in Bangladesh through its eight branches in five districts.
Careers in Investment Banking
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map: For banking careers, you will have a significant edge over the competition with our financial modeling courses.
This has been a guide to the top banks in Bangladesh. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: