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Top Banks in Bangladesh

An overview of Bangladesh's leading financial institutions

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.

 

Banks in Bangladesh

 

Moody’s Investors Service gives the banks in Bangladesh a stable outlook, reflecting the healthy operating environment in the country. 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

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.

Revenue: BDT 8.75 billion (2017)

Net income: BDT 3.34 billion (2017)

Total assets: BDT 140.81 billion (2017)

 

Dutch-Bangla Bank

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.

Revenue: BDT 18.51 billion (2017)

Net income: BDT 2.46 billion (2017)

Total assets: BDT 311.91 billion (2017)

 

Sonali Bank

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-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.

Revenue: BDT 23.83 billion (2016)

Net income: BDT 1.49 billion (2016)

Total assets: BDT 1.2 trillion (2016)

 

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 332 branches, it owns the largest branch network among the private sector banks in Bangladesh. It is listed with the Chittagong Stock Exchange Limited and Dhaka Stock Exchange Limited. As of 2016, it serves more than 33,000 clients.

Revenue: BDT 32.03 billion (2017)

Net income: BDT 4.48 billion (2017)

Total assets: BDT 797.93 billion (2017)

 

Grameen Bank

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, with more than 2,500 branches as of July 2017.

Revenue: BDT 16.94 billion (2016)

Net income: BDT 1.39 billion (2016)

Total assets: BDT 229.36 billion (2016)

 

Janata Bank

Janata Bank is a state-owned commercial bank that provides a range of financial services. The bank 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. Janata Bank operates through its 912 branches throughout the country, with headquarters in Dhaka. It also maintains overseas branches in the United Arab Emirates.

Revenue: BDT 23.32 billion (2016)

Net income: BDT 2.61 billion (2016)

Total assets: BDT 779.6 billion (2016)

 

Standard Chartered Bank

The oldest and largest of the international banks in Bangladesh is Standard Chartered Bank. 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 26 branches and booths, as well as 83 ATMs. It is the only international bank in Bangladesh to operate in six cities in the country.

 

Prime Bank Limited

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.

Revenue: BDT 23.32 billion (2016)

Net income: BDT 2.61 billion (2016)

Total assets: BDT 779.6 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, it 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 list of Top 1000 Banks in the World 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…. investment banking careers For banking careers, you will have a significant edge over the competition with our financial modeling courses.

 

Additional resources

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:

  • Top banks in India
  • Top 100 investment banks
  • Investment banking interview questions
  • Walk me through a DCF
  • Financial modeling guide

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