Bangabandhu Sheikh Mujibur Rahman Science and

Technology University
Gopalganj 8100

Course Title: Financial market and institution

Course code:FIN251
Assignment on Financial market and institutions of Bangladesh at a
glance.

Prepared for
Zerin Tasnime
Lecturer
Department of Finance and Banking, BSMRSTU

Submitted by
MD. Rokibul Hasan Tofael
Id;18FB061
2 year:2nd semester
nd

Department of Finance and Banking, BSMRSTU

Date of submission: 8 April 2021

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Financial Institutes of Bangladesh at a glance

Bangladesh Bank is the central bank of Bangladesh, besides Bangladesh bank, Bangladeshi banks
are categorized into two types, which are called Scheduled banks and Non scheduled banks. Both
of these banks are controlled by Bangladesh Bank.

Table Of Contents

Scheduled banks
i) State owned commercial banks (SOCBs)

ii) Specialized banks (SDBs)

iii) Private commercial banks (PCBs)

a) Conventional Banks

b) Islami Shariah Based PCBs

iv) Foreign commercial banks

(FCBs) Non-scheduled banks

Non-bank financial institutions (NBFIs)

Insurance Companies
● Public Sector (life)
● Public Sector (non-life)
● Private sector (life)
● Private sector (non-Life)

Scheduled banks
These banks are licensed under the Bank Company Act which took place in 1991. Currently, there
are 61 scheduled banks in Bangladesh. We can classify them into four categories.

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i) State owned commercial banks (SOCBs)
These banks are fully or majorly owned by the Government of Bangladesh. There are 6
state-owned commercial banks (SOCBs)

1. Sonali Bank Limited

2. Janata Bank Limited
3. Agrani Bank Limited
4. Rupali Bank Limited
5. BASIC Bank Limited
6. Bangladesh Development Bank

ii) Specialized banks (SDBs)

Specialized banks are established for specific objectives like agricultural or industrial development.
There are 3 specialized banks in Bangladesh.

1. Bangladesh Krishi Bank

2. Rajshahi Krishi Unnayan Bank
3. Probashi Kallyan Bank

iii) Private commercial banks (PCBs)

Private banks are majorly owned by private entities, there are 43 private commercial banks and
they are classified into 2 types:

a) Conventional Banks
Conventional banks perform the banking functions in conventional fashion, such as: interest-based
operations. There are 33 conventional banks in Bangladesh:

1. AB Bank Limited
2. Bangladesh Commerce Bank Limited
3. Bank Asia Limited
4. BRAC Bank Limited
5. Citizens Bank Limited
6. City Bank Limited
7. Community Bank Bangladesh Limited

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 8. Dhaka Bank Limited
9. Dutch-Bangla Bank Limited
10. Eastern Bank Limited
11. IFIC Bank Limited
12. Jamuna Bank Limited
13. Meghna Bank Limited
14. Mercantile Bank Limited
15. Midland Bank Limited
16. Modhumoti Bank Limited
17. Mutual Trust Bank Limited
18. National Bank Limited
19. National Credit & Commerce Bank Limited
20. NRB Bank Limited
21. NRB Commercial Bank Ltd
22. One Bank Limited
23. Padma Bank Limited
24. Premier Bank Limited
25. Prime Bank Limited
26. Pubali Bank Limited
27. Shimanto Bank Ltd
28. Southeast Bank Limited
29. South Bangla Agriculture and Commerce Bank Limited
30. Trust Bank Limited
31. United Commercial Bank Ltd
32. Uttara Bank Limited
33. Bengal Commercial Bank Ltd

b) Islami Shariah Based PCBs

Islami Shariah-based Private Commercial Banks in Bangladesh execute banking activities
according to Islami Shariah-based principles. There are 10 Islami Shariah Based PCBs:

1. Al-Arafah Islami Bank Limited

2. EXIM Bank Limited
3. First Security Islami Bank Limited
4. ICB Islamic Bank Limited
5. Islami Bank Bangladesh Limited
6. Shahjalal Islami Bank Limited
7. Social Islami Bank Limited
8. Union Bank Ltd
9. Standard Bank Limited
10. Global Islamic Bank Ltd (former NRB Global Bank)

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iv) Foreign commercial banks (FCBs)

FCBs are Commercial banks that are headquartered in a foreign country, but operate branches in
different countries. There are 9 FCBs in Bangladesh:
1. Bank Al-Falah Limited (United Arab Emirates)
2. Citibank N.A (United States of America)
3. Commercial Bank of Ceylon PLC (Sri Lanka)
4. Habib Bank Limited (Pakistan)
5. HSBC (Hong Kong)
6. National Bank of Pakistan (Pakistan)
7. Standard Chartered Bank (United Kingdom)
8. State Bank of India (India)
9. Woori Bank (South Korea)

Non-scheduled banks

Non-scheduled banks are licensed only for specific functions and objectives, and do not offer the
same range of services as scheduled banks.
There are 5 non-scheduled banks in Bangladesh:

1. Ansar VDP Unnayan Bank

2. Karmasangsthan Bank
3. Grameen Bank
4. Jubilee Bank
5. Palli Sanchay Bank

Non-bank financial institutions (NBFIs)

“Non-bank financial institutions” are simply known as financial institutions.

These financial institutions are regulated under the Financial Institution Act and controlled by
Bangladesh Bank. There are 34 NBFIs.

1. Agrani SME Financing Company Limited

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 2. Bangladesh Finance and Investment Company Limited (BD Finance)
3. Bangladesh Industrial Finance Company Limited (BIFC)
4. Bangladesh Infrastructure Finance Fund Limited (BIFFL)
5. Bay Leasing & Investment Limited
6. CVC Finance Limited
7. Delta Brac Housing Finance Corporation Ltd. (DBH)
8. Fareast Finance & Investment Limited
9. FAS Finance & Investment Limited
10. First Finance Limited
11. GSP Finance Company (Bangladesh) Limited (GSPB)
12. Hajj Finance Company Limited
13. IDLC Finance Limited
14. Industrial and Infrastructure Development Finance Company Limited (IIDFC)
15. Infrastructure Development Company Limited (IDCOL)
16. International Leasing and Financial Services Limited
17. IPDC Finance Limited
18. Islamic Finance and Investment Limited
19. LankaBangla Finance Limited
20. Lankan Alliance Finance Limited
21. Meridian Finance and Investment Ltd.
22. MIDAS Financing Limited. (MFL)
23. National Finance Ltd
24. National Housing Finance and Investments Limited
25. People's Leasing and Financial Services Ltd
26. Phoenix Finance and Investments Limited
27. Premier Leasing & Finance Limited
28. Prime Finance & Investment Ltd
29. Reliance Finance Limited
30. Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO)
31. The UAE-Bangladesh Investment Co. Ltd
32. Union Capital Limited
33. United Finance Limited
34. Uttara Finance and Investments Limited

Insurance Companies
Insurance companies are a special type of financial institution that deals in the business of
managing risk. A corporation periodically gives them money and, in return, they promise to pay for
the losses the corporation incurs if some unfortunate event occurs, causing damage to the
well-being of the organization.

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There are 62 insurance companies in Bangladesh which can be divided into 2 sectors.

Public Sector (life)

● Bangladesh Jiban Bima Corporation

Public Sector (non-life)

● Bangladesh Sadharan Bima Corporation

Private sector (life)

1. MetLife Bangladesh (American Life Insurance Company Ltd) Life
2. Sonali Life Insurance Co. Ltd.
3. Fareast Islami Life Insurance Company Limited
4. Delta Life Insurance Company Ltd.
5. Meghna Life Insurance Company Ltd.
6. National Life Insurance Company Ltd.
7. Padma Islami Life Insurance Company Ltd.
8. Popular Life Insurance Company Ltd.
9. Pragati Life Insurance Ltd.
10. Prime Islami Life Insurance Company Ltd.
11. Progressive Life Insurance Company Ltd.
12. Rupali Life Insurance Company Ltd.
13. Sandhani Life Insurance Company Ltd.
14. Sunflower Life Insurance Company Ltd.
15. Sunlife Insurance Company Ltd.
16. Zenith Islami Life Insurance Ltd.
17. Mercantile Islami Life Insurance Ltd.
18. NRB Global Life Insurance Company Ltd.
19. Guardian Life Insurance Ltd.
20. Chartered Life Insurance Company Ltd.
21. Best Life Insurance Company Ltd.

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 22. Protective Islami Life Insurance Co. Ltd.
23. Sonali Life Insurance Co. Ltd.
24. Swadesh Life Insurance Co. Ltd.
25. Diamond Life Insurance Co. Ltd.
26. Alpha Islami Life Insurance Ltd.
27. Trust Islami Life Insurance Co. Ltd.
28. Jamuna Life Insurance Ltd.
29. Golden Life Insurance Ltd.
30. Homeland Life Insurance Company Ltd.

Private sector (non-Life)

1. Agrani Insurance Company Ltd.
2. Asia Insurance Ltd.
3. Asia Pacific Gen Insurance Co. Ltd.
4. Bangladesh Co-operatives Ins. Ltd.
5. Bangladesh General Insurance Co. Ltd.
6. Bangladesh National Insurance Co.Ltd.
7. Central Insurance Company Ltd.
8. City General Insurance Company Ltd.
9. Continental Insurance Ltd.
10. Crystal Insurance Company Ltd.
11. Desh Gen. Insurance Company Ltd.
12. Eastern Insurance Company Ltd.
13. Eastland Insurance Company Ltd.
14. Express Insurance Ltd.
15. Federal Insurance Company Ltd.
16. Global Insurance Ltd.
17. Green Delta Insurance Co. Ltd.
18. Islami Commercial Insurance Co. Ltd.
19. Islami Insurance Bangladesh Ltd.
20. Janata Insurance Company Ltd.
21. Karnaphuli Insurance Company Ltd.
22. Meghna Insurance Company Ltd.
23. Mercantile Insurance Company Ltd.
24. Nitol Insurance Company Ltd.
25. Northern Gen.Insurance Company Ltd.
26. Peoples Insurance Company Ltd.
27. Phoenix Insurance Company Ltd.
28. Pioneer Insurance Company Ltd.
29. Pragati Insurance Ltd.
30. Paramount Insurance Company Ltd.
31. Prime Insurance Company Ltd.
32. Provati Insurance Company Ltd.
33. Purabi Gen Insurance Company Ltd.

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34. Reliance Insurance Limited
35. Republic Insurance Company Ltd.
36. Rupali Insurance Company Ltd.
37. Sonar Bangla Insurance Company Ltd.
38. South Asia Insurance Company Ltd.
39. Standard Insurance Ltd.
40. Takaful Islami Insurance Ltd.
41. Dhaka Insurance Ltd.
42. Union Insurance Company Ltd.
43. United Insurance Company Ltd.
44. Sena Kalyan Insurance Company Ltd.
45. Sikder Insurance Company Ltd.

Stock Exchange/Bourse in Bangladesh

A stock exchange, securities exchange, or bourse
where stockbrokers and traders can buy and sell securities, such
as shares of stock, bonds, and other financial instruments. Stock exchanges
may also provide facilities for the issue and redemption of such securities and
instruments and capital events including the payment of income and dividends.

There are two stock exchange/bourse in Bangladesh which are:

 Dhaka Stock Exchange (DSE)

 Chittagong Stock Exchange(CSE)

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