List of banks in Bangladesh

The bank sector in Bangladesh consists of several types of institutions. Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector.

According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 December 1971. Other than Bangladesh Bank, banks in Bangladesh are primarily categorized into two types: Scheduled and Non-Scheduled banks.[1]

Scheduled banks

Scheduled banks are licensed under the Bank Company Act, 1991 (Amended to 2013). Currently, there are 62 scheduled banks in Bangladesh.[1][2]

Non-bank financial institutions (NBFIs)

Non-bank financial institutions (NBFIs), known as financial institutions (FIs), are those types of financial institutions that are regulated under the Financial Institution Act, of 1993 and controlled by Bangladesh Bank. Now, 34 FIs operate in Bangladesh while the maiden one was established in 1981. Out of the total, two are fully government-owned, one is the subsidiary of a SOCB, 15 were initiated by private domestic initiatives and 15 were initiated by joint venture initiatives.[1]

NBFI's include:[5]

• Agrani SME Financing Company Limited
• Aviva Finance Limited
• Bangladesh Finance and Investment Company Limited (BD Finance)
• Bangladesh Industrial Finance Company Limited (BIFC)
• Bangladesh Infrastructure Finance Fund Limited

Specialized financial institutions (semi-formal sector)

• Bangladesh House Building Finance Corporation (BHBFC)
• Palli Karma Sahayak Foundation (PKSF)