How many commercial banks are there in Bangladesh in 2023?

When we are trying to find any specific bank details for searching about their product/account details, terms and conditions, benefits, interest rates we have searched by individual bank names. The first question that comes to our mind that “How many commercial banks are there in Bangladesh?” also. Here we are trying to bring all bank’s names and links which help you to find out your desired information from one place.

Read Also: How to open a bank account in Bangladesh?

Banking sector in Bangladesh is characterized by strict regulations and monitoring by the central governing body Bangladesh Bank. Since independence Bangladesh Bank act as an authority for controlling, monitoring, and supervising banks operating in our country. According to Bangladesh Bank, banks which are operated in our country are;

Types of Banks:

Banks in Bangladesh are classified into the following types:

1. Scheduled Banks.
2. Non-Scheduled Banks

Further Scheduled banks are categorized into the following types:

1. State Owned Commercial Banks (SOCBs).
2. Specialized Banks (SDBs).
3. Private Commercial Banks (PCBs).

i) Conventional Private Commercial Banks.

ii) Islami Shariah based Private Commercial Banks.

4. Foreign Commercial Banks (FCBs).

Number of  commercial banks, their Branches and Web Links:

Following commercial banks are operated in our counry;

1. State Owned Commercial Banks (SOCBs):

In our country, There are 6 State Owned Commercial Banks which are fully or majorly owned by the Government of Bangladesh.

2. Specialized Banks (SDBs):

We have 03 specialized banks which are now functioning and founded for specific purposes like agricultural or industrial development. These banks are also owned by the Government of Bangladesh.

3. Private Commercial Banks (PCBs):

In our country till date 43 private commercial banks are functioning are majorly owned by individuals/private entities. Private commercial banks(PCBs) can be categorized into two groups:

• 33 Conventional Private Commercial Banks and
• 10 Islami Shariah based Private Commercial Banks

4. Foreign Commercial Banks (FCBs):

09 Foreign Commercial Banks (FCBs) are operating in Bangladesh which are fully owned by foreign citizen.

• Non-Scheduled banks:

There are now 05 non-scheduled banks functioning in Bangladesh.

FAQs:

External Links:

• https://www.bb.org.bd/en/index.php/financialactivity/bankfi
• https://www.bb.org.bd/en/index.php/links/links/9
• https://www.banksbd.org