Top List of Banks in Bangladesh
The best banks in Bangladesh offer various deposit and lending products, including checking and savings accounts, certificates of deposit, home equity loans and personal loans. They also provide convenient services like mobile and online banking and reliable customer support.
To identify the best banks in Bangladesh, we looked at different financial institutions. We examined their checking account offerings, loan products and various services. For a better understanding of each bank's overall performance, please refer to the list below:
Dutch-Bangla Bank Limited (DBBL)
Dhaka Bank Ltd. is a private commercial bank in Bangladesh. It was established in 1995 under the Banking Companies Act, 1991 and incorporated as a public limited company under the Companies Act, 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. It currently operates with a network of 66 branches across Bangladesh. In 2018, DBBL had 181 units and 1,661 employees. As of December 2018, it had total assets of 346.5 billion BDT (US$4.1 billion).
DBBL provides several services, including traditional banking services like loan facilities, credit cards and personal banking, and online account opening and online remittance transfer service. The latter service allows customers to send money quickly to any of DBBL's branches across the country via mobile phone by using the Rocket service.
Eastern Bank Limited (EBL)
Eastern Bank Limited (EBL) is a private commercial bank in Bangladesh. The bank was founded in 1992 under the name of Eastern Banking Corporation Limited. Eastern Bank Limited provides all kinds of financial services, including corporate and retail banking services like deposit accounts, savings accounts, credit cards and loans. As of 2020, the bank has more than 5,000 employees and 85 branches. The bank's primary goal is to provide banking solutions to the unbanked population. In addition to the usual corporate loans, it also provides microfinance loans to the underprivileged. Recently it has developed a dedicated SME wing for small and medium enterprises. Its head office is located at Motijheel, Dhaka. The bank's total assets stood at 354,480 million as of December 2020, while its net profit stood at Tk2.51 billion in the same period.
HSBC Bank Bangladesh
HSBC Bank Bangladesh is a foreign bank in Bangladesh and a subsidiary of HSBC Holdings PLC. The bank was established on 3 April 1996. It has 62 employees as of 2021 and total assets of over 2.958 trillion USD (2021). HSBC Bangladesh operates eight branches in Dhaka and Chittagong. The bank's head office is located in Dhaka. The company provides a wide range of banking products and services such as retail banking and wealth management, commercial banking, global banking and markets, international private banking, corporate finance, trade finance, treasury, cash management, retail financial services and consumer lending global asset management for business entities worldwide.
BRAC Bank Limited
BRAC Bank Limited, commonly known as BRAC Bank, is a private commercial bank in Bangladesh. It was founded by BRAC, one of the most influential development organizations in the world, in 2001. BRAC Bank started its operation in 2001 with a network of 18 branches. As of December 2020, BRAC Bank has 187 units, 186 in Bangladesh and 01 liaison office in Singapore.
As of December 2020, the bank has 7,740 employees. In 2020, it contributed a more significant percentage to Bangladesh's GDP with a total asset of BDT 456.6 billion (US$5.4 billion). BRAC Bank provides corporate and retail banking services to individuals, small and medium enterprises (SMEs), and corporations.
Pubali Bank Limited (PBL)
Pubali Bank Limited (PBL) is Bangladesh's most significant private-sector commercial bank. It was established as Eastern Banking Corporation on 12 November 1955. The bank's registered office is located at Motijheel Commercial Area, Dhaka and its head office is located at Chittagong. The bank has 490 branches, and Pubali Bank Limited has 8,408 (2021) employees serving more than 12 million customers through 489 domestic branches and one overseas branch. The bank also has correspondent banking relationships with 642 banks across 102 countries, covering five continents. As of 2018, the bank's total assets were approximated to be 410.2 billion BDT (US$4.9 billion. The bank offers a full range of retail and corporate banking services to more than 12 million customers, including consumer loans, online banking, SME finance, agricultural finance and home loans.
Grameen Bank
Grameen Bank is a microfinance organization and community development bank founded in Bangladesh. It makes small loans ('microcredit' or 'Grameen credit') to the impoverished without collateral. The bank also accepts deposits, provides other services, and runs several development-oriented businesses, including fabric, telephone and energy companies.
As of January 2018, the bank had 2,568 branches, with 20,138 employees serving 2.89 million borrowers. The company's total assets were also estimated to be US$2.8 billion (2016).
Janata Bank Limited (JBL)
Janata Bank Limited (JBL) is one of Bangladesh's largest state-owned commercial banks. Janata Bank Limited came into existence on 7 March 2007. The bank has 904 branches across the country. The bank operates with five divisional offices, 8 area offices and 30 zonal offices. Total assets for the bank stood at BDT 778,603.91 million as of 2016, and it had approximate 12,126 employees as of 28 February 2022. The primary objective of JBL is to provide commercial banking services to small entrepreneurs and cottage industries who are being deprived of institutional finance. The bank offers retail services to individuals, including cheque and deposit accounts, auto loans, housing loans and credit cards.
Prime Bank Limited
Prime Bank Limited is a private commercial bank in Bangladesh. It was incorporated on 14 April 1995 as a public limited company under the Companies Act, 1994. Its head office is at Eunos Trade Center, 52-53 Dilkusha Commercial Area Dhaka. The bank has approximately 3020 employees across its branches, and its total assets as of 2017 were estimated to be KES:77.998 Billion (US$784.215 Million). It has 146 branches and 8 SME/Agri branches; 7 SME Service Centers, four foreign exchange branches; 2 Islamic banking branches and one off-shore banking unit. The bank offers products and services for personal banking, corporate banking, SME banking and online banking.
The bank provides various banking services, including deposits, corporate banking, retail banking, foreign currency loans, trade services and remittance services. The bank offers different types of deposit products targeting individuals and corporate customers.
International Finance Invest and Commerce Bank Limited
International Finance Invest and Commerce Bank Limited (IFIC Bank) is located in Dhaka, Bangladesh. It is one of the largest banks in Bangladesh, with total assets of more than BDT 363 billion as of 2020. It was established in 1976 as a joint venture between the Government of Bangladesh and sponsors. The bank has 130 branches, and a total of 3 011 people are employed across its various components across Bangladesh and four overseas branches in UK, USA, UAE and Singapore. The bank offers both investment and commerce banking services.
FAQs
Q.How do I open a BRAC bank account?
A. To open an account, you need to fill up a ‘Customer Information Form’ and submit it along with two copies of your passport size photo and a copy of your identity document (NID/Birth Certificate/Passport).
