The 10 Best Banks in Bangladesh 2023
Every human being wants to save his own earned money. So, everyone wants to save their hard-earned money in a trustworthy organization. The most trusted financial institution is the bank. Banks are the safest and most trusted place to protect people’s money assets, capital, and women’s jewelry.
A bank is such a financial institution that collects the hard-earned money of the common man to save for the future and invest it. The Bangladesh government has easily won the confidence of the people by tightening control over the banking sector.
According to Bangladesh Bank (BB) - Banks in Bangladesh are primarily of two types. These are Scheduled and non-Scheduled Banks. Currently, 60 scheduled banks and 5 non-scheduled banks are operating under the complete supervision and control of the BB.
Here the list of Top 10 Banks in BD:
01. Sonali Bank Limited
According to the “Nationalization Order 1972” Sonali Bank Limited is the largest commercial bank of Bangladesh. It is a government state-funded bank that was founded in 1972. Currently, there are 1225 branches both in the country and abroad. It has won the confidence of all people in urban and rural areas than among public and private banks in Bangladesh.
At present, there are total of 18167 numbers of officers and employees. Various social activities including pension, retirement payment both private and public officers, collection of service organization bills, and, etc. that have been supporting Sonali Bank Limited. It also has been developing the country’s the trade and commerce by supporting economic activities.
02. Islami Bank Bangladesh Limited (IBBL)
If you want to deposit money based on Islami Sharia, then Islami Bank is the first tier bank of your choice. According to the public limited company Act 1913, Islam Bank Bangladesh Limited shortly known as IBBL is the democratic bank of Bangladesh which was founded in 1983 on 13 March.
It is also commencing commercial bank in Bangladesh. If you want to open an Islami Bank account then you can easily open them from their home requirement services. In 1999, it was awarded as the best bank in Bangladesh, and 2000; it was also awarded as the excellent banking in Bangladesh.
03. Dutch-Bangla Bank Limited (DBBL)
Dutch Bangla Bank is the best service provider bank in the country also known as DBBL. From Teknaf to Tetulia, it has the largest network all over Bangladesh and the largest donor bank amongst all banks in Bangladesh.
It is a non-governmental state-funded and the first mobile banking service provider bank in Bangladesh. It was founded in 1996 by the M Sahabuddin Ahmed. If you want to open an account in DBBL then you can easily open an account everywhere in Bangladesh by mobile banking services.
04. Eastern Bank Limited (EBBL)
It is one of the leading private commercial banks in Bangladesh. According to the Bank Companies Act of 1991, it was founded in 1992 as BCCI, after that it transformed into Eastern Bank Limited. The headquarters of this bank in Dhaka, Bangladesh. The SWIFT code of this bank is EBLDBDDH. EBBL provides the service of SME banking, financial retail banking, and green banking, etc.
05. Standard Chartered Bangladesh
It is one of the multinational commercial banks in the country. It was located in 1948 as a service company of the financial and banking sectors. Firstly, it started its journey from Chittagong in Bangladesh. The head office of this bank in London. They are developing their facilities in the whole world.
It is the oldest international and best largest bank in Bangladesh. It was a merged financial institution both of Standard Bank and Chartered Bank.
06. HSBC Bank Bangladesh
HSBC stands for Hong Kong and Shanghai Banking Corporation Limited and it is the non-government commercial bank in Bangladesh. The worldwide largest financial service provider bank is HSBC Bank and also a multinational financial agency. There are several branches in many countries. For maintaining international transactions it is the best choice for Bangladeshi people.
07. BRAC Bank Limited
It is one of the prestigious non-government commercial banks in Bangladesh that was founded by Sir Fazle Hasan Abed. This bank mainly focusing on small and medium-class enterprise and working for Bangladeshi people for a long time. The SWIFT code of this bank is BRAKBDDH.
08. Pubali Bank Limited (PBL)
According to the strategy of the government, Pubali Bank Limited briefly called PBL was nationalized in 1972 after the freedom of Bangladesh and also a famous private commercial bank in the country. They provide their services over 32 districts in Bangladesh. The present chairman of the bank is Habibur Rahman.
09. Grameen Bank
It is one of the largest community development banks in the country. Professor Muhammad Yunus operates this bank and is authorized by national legislation in 1983. It is a microfinance organization providing microcredit and loans to poor individuals. This bank was awarded by the Nobel Prize in 2006.
10. Janata Bank Limited (JBL)
Janata Bank Limited shortly called as JBL is a state-owned second-largest commercial bank in the country. After the independence of 1971, it was started its journey with the slogan of “Janata Bank, your bank”. There are 844 branches all over the country and 4 branches in the United Arab Emirates as well. They provide their services including Banking, consumer banking, corporate banking, and investment banking, etc.
Check out the List of all Scheduled Banks in Bangladesh