The top 10 finance companies in Bangladesh

The top 10 finance companies in Bangladesh

The top 10 finance companies in Bangladesh:  We’ve all had times in our life when we’ve needed to borrow money, whether it was to buy something large like a car or to get through college while working part-time jobs. If you have ever been in this situation, you probably know that the easiest way to do this—and also the most popular—is by going to a finance company. But which of these companies are good and which ones should be avoided? Here are the top 10 finance companies in Bangladesh and why they stand out above the rest.

1) Agrani Bank

Agrani Bank is the first private sector bank of Bangladesh. The bank was founded in 1993 as Agrani Bank Limited and became a commercial bank on 1 November 1996. Agrani Bank offers a variety of banking services to its customers including savings and current accounts, loans, credit cards, foreign exchange, remittances and investment products. The bank also has several branches across the country that are well equipped with modern technologies to meet customer needs at any time. It has a network of 250 ATMs, which is the largest number among any Bangladeshi commercial bank.

2) Dutch-Bangla Bank

Dutch-Bangla Bank was the first commercial bank to be established in the then East Pakistan (now Bangladesh). Established on 1 July 1948, Dutch-Bangla Bank became an all-purpose bank with a wide range of services and products. The bank’s name was changed to Dutch-Bangla Bank Ltd. in 1954. In 1964, it merged with another private sector bank and thus strengthened its position as one of the leading banks of the country. In 1976, it was nationalized by the Government of Bangladesh.

3) BRAC Bank

BRAC Bank was established in 1985 and has established a strong reputation as an institution of trust and integrity. The bank offers retail banking services, wholesale banking services, investment banking services, leasing and hire purchase facilities, asset management and other financial services. The company also provides microfinance loans to people living on less than USD 1.25 per day with a 99% success rate.
BRAC Bank is headquartered in Dhaka and operates with about 4,000 employees across the country.

4) Eastern Bank

Eastern Bank Limited (EBL) is a commercial bank that was established on 27 December 1992. It is one of the largest banks in Bangladesh and one of the biggest banks in South Asia. The bank has its headquarters at Motijheel, Dhaka, the capital city of Bangladesh. EBL operates through a network of over 1800 branches and offices, with presence in all 64 districts of the country.
It offers a wide range of financial products including deposits and loans for corporate customers, retail customers and individuals both in local currency as well as foreign currency.

5) First Security Islami Bank

First Security Islami Bank (FSIB) was founded on 1st January 1985 and is headquartered at Dhaka, Bangladesh. It is one of the largest banks in the country with a network of 494 branches and over 8000 ATMs nationwide. The bank offers a range of financial products including retail banking services, corporate banking, investment banking and Islamic banking. The bank received its license to operate as a commercial bank on 2nd February 1985 under the Banking Companies Ordinance, 1963.
First Security Islami Bank Limited has been operating as an Islamic commercial bank since March 2006 under a special license from the Central Bank of Bangladesh.

6) Islami Bank Bangladesh

Islami Bank Bangladesh is the largest private-sector bank in Bangladesh. The bank was founded in 1975, and has been the country’s leading commercial bank ever since. Islami Bank has over 8,000 employees, and offers a wide range of banking services to customers nationwide. It is headquartered at Gulshan Square, Dhaka.

7) Mutual Trust Bank

Mutual Trust Bank (MTB) is one of the largest banks in Bangladesh. It is the first bank to introduce Internet banking, ATM card, and Visa credit card. MTB has a network of over 680 branches and offices across the country with about 8,000 employees. It offers a range of financial services for personal customers and small businesses.

8) One Bank

One Bank offers a wide variety of services including loans, credit cards, and investment banking. One Bank’s loan products include personal loans, auto loans, home improvement loans, and other types of secured or unsecured personal loans. The credit card options available to customers are gold or platinum cards that come with rewards programs or cash back bonuses for regular use. One bank is an investment company that specializes in brokerage of stocks and bonds. The company also has its own venture capital fund for investing in promising startups.
One bank is headquartered in Dhaka but operates branches all over the country including Chittagong, Sylhet, Rajshahi and Bogra.

9) Prime Bank

Founded in 1978, Prime Bank is one of the leading financial services providers

in Bangladesh. The Bank has a strong presence across the country,

with over 200 branches and 300 ATMs. It offers products to corporate

and retail clients under the headings of General Banking, Corporate Banking,

Treasury & Investment Management Services, Retail Banking and Insurance Services.

The Bank’s total equity as of 30 June 2017 was BDT: 477 billion (USD: 6.2 billion).

It is listed on the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited and its major

shareholders are Government Pension Fund (44%), Life Insurance Corporation

of Bangladesh (25%) and National Savings & Investments Limited (17%).

10) Standard Chartered Bank

Standard Chartered is the largest international bank, headquartered

in London and has operations in more than 70 countries. It is listed on the

London Stock Exchange and it was established under the name The

Standard Bank of British South Africa Limited. In 1969, it merged with The

Chartered Bank of India, Australia and China.

A year later, it changed its name to Standard Chartered Bank because

the original name was not so easily understood outside of South Africa.

READ MORE:

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  • agrani sme financing company limited
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