Banks are the backbone of modern economies, playing pivotal roles in financial transactions, savings, lending, and economic stability. They facilitate the flow of money, offer secure places for savings, extend credit to individuals and businesses, and provide a wide array of financial services, including investment and wealth management. Furthermore, banks contribute to economic stability by regulating monetary policy and ensuring the smooth functioning of the financial system.
When it comes to choosing between private and government banks, people often opt for private banks due to reasons like personalized services, advanced technology, better customer experiences, innovation, accessibility, specialization in wealth management or corporate banking, and a focus on client confidentiality and data security.
However, determining the reliability of banks has become increasingly challenging over time. Therefore, this article aims to explore the top ten banks in the country, considering various analyses and metrics, to help readers make informed decisions about their finances.
1. Dutch Bangla Bank
Dutch-Bangla Bank stands as a compelling choice for your banking needs, driven by its remarkable blend of innovation, convenience, and customer-centricity. Renowned for pioneering technological solutions, the bank offers cutting-edge online and mobile banking platforms, complemented by the versatile mobile banking service ‘Rocket’. This ensures hassle-free transactions and access to your finances anytime, anywhere. With an extensive network of ATMs and branches, competitive interest rates, and unwavering commitment to customer satisfaction, Dutch-Bangla Bank invites you to embark on a banking journey that’s progressive, dynamic, and designed to simplify your financial life. It’s a testament to modern banking at its finest.
At a Glance…
- Total Branches: 240
- Branches Location: Click here
- Total ATM: 4907 (Location)
- Internet Banking: Yes
- Banking Services: Rocket, NexusPay.
- Website: https://www.dutchbanglabank.com/
2. City Bank
City Bank is an established private commercial bank in Bangladesh, well-regarded for its specialized services that have gained popularity among customers in recent times. The bank offers a globally recognized digital banking app, allowing customers to access everyday banking services from the comfort of their homes. Furthermore, City Bank has introduced ‘City Islamic,’ providing comprehensive Shariah-compliant and technologically advanced Islamic banking services. Beyond this, the bank offers another specialized service called ‘City Alo,’ designed specifically for women. This initiative showcases City Bank’s commitment to offering tailored banking solutions and enhancing financial inclusion in Bangladesh.
At a Glance…
- Total Branches: 133
- Branches Location: Click here
- Total ATM: 120 (Location)
- Internet Banking: Yes
- Banking Services: City Islamic, City Alo, City Touch.
- Website: https://www.thecitybank.com/
3. Islami Bank Bangladesh PLC
Islamic Bank Bangladesh Limited has become prominent in the country’s top private banks by prioritizing need-based halal and ethical development. This bank, the first Shariah-based bank in South and Southeast Asia, has earned customers’ trust as the epitome of security and investment, holding the highest deposits and investments in the nation. It also plays a significant role in foreign remittance acquisition in Bangladesh. Since 2012, this bank has consistently ranked as the only Bangladeshi bank in the list of the world’s top one thousand banks. Despite being a commercial bank, Islamic Bank Bangladesh Limited operates microcredit programs. From its inception in the economic development of Bangladesh, it has been actively contributing to fulfilling people’s basic needs, economic development, public welfare, and overall socio-economic development, all while upholding Islamic banking principles.
At a Glance…
- Total Branches: 342
- Branches Location: Click here
- Total ATM: 380 (Location)
- Internet Banking: Yes
- Banking Services: Mudaraba Senior Citizen Monthly Profit Deposit, Mudaraba Expatriate Housing Deposit Scheme, Mudaraba Education Savings Scheme.
- Website: https://www.islamibankbd.com/
4. BRAC Bank Limited
BRAC Bank Limited is one of the top private commercial banks in the country, considering various fundamental indicators, foreign investment, and multinational operations. In recent years, the bank has seen remarkable success in terms of deposits, loans, and asset growth. With the goal of providing banking services to small and medium-sized entrepreneurs, the journey of Brac Bank Limited began under the leadership of Sir Fazle Hasan Abed. Approximately half of the bank’s loan recipients are micro and medium-sized entrepreneurs, commonly referred to as ‘SMEs’. One of the bank’s notable initiatives is the widespread use of the largest mobile financial service (MFS) called ‘bKash’ in the country. The bank boasts the highest market capitalization and shareholding among international investors. It receives top credit ratings from international credit rating agencies, distinguishing it as an excellent performer among all banks in the country. All these successes play a significant role in gaining the trust of its customers.
At a Glance…
- Total Branches: 189
- Branches Location: Click here
- Total ATM: 367 (Location)
- Internet Banking: Yes
- Banking Services: Bkash, Probashi Banking, Borenno, Employee Banking.
- Website: https://www.bracbank.com/
5. Eastern Bank PLC
Eastern Bank PLC is a prominent commercial bank in Bangladesh known for its unwavering commitment to innovation and customer service. Established in 1992, it has become one of the country’s largest private-sector banks. Eastern Bank offers a comprehensive range of banking and financial services, including retail, corporate, and SME banking, alongside various digital banking solutions. Eastern Bank has earned the trust of global giants like JP Morgan and Bank of America, who’ve partnered with them in Bangladesh. This speaks to Eastern Bank’s strong corporate governance and credibility on the international stage. With a mission to provide excellence in banking, Eastern Bank has consistently strived for technological advancement and financial inclusion. Its dedication to corporate social responsibility initiatives further solidifies its role as a responsible and community-oriented bank, contributing to the socioeconomic development of Bangladesh.
At a Glance…
- Total Branches: 83
- Branches Location: Click here
- Total ATM: 262 (Location)
- Internet Banking: Yes
- Banking Services: Retail Loan, Retail Deposit, EBL Skylounge, Women Banking, Payroll Banking, Student Banking.
- Website: https://www.ebl.com.bd/
6. Premier Bank Limited
Founded in 1999, Premier Bank Limited is a name synonymous with trust and excellence in Bangladesh. What sets them apart is their specialized approach to banking. They offer a range of straightforward and tailored financial services, catering to the unique needs of both individuals and businesses. Premier Bank has mastered the art of technology, providing seamless online and mobile banking experiences for their customers. But what truly makes them special is their unwavering commitment to personalized service. Premier Bank’s dedication to technology stands out. They have harnessed the power of online and mobile banking, ensuring that customers have access to their services at their fingertips, anytime, anywhere. Beyond banking, Premier Bank’s strong sense of social responsibility shines. They actively contribute to community development, embodying their commitment to making a positive impact in the lives of Bangladeshi people.
At a Glance…
- Total Branches: 132
- Branches Location: Click here
- Total ATM: 98 (Location)
- Internet Banking: Yes
- Banking Services: Student File Service, Interest Rate Matrix, Locker Service, Tijarah service.
- Website: https://premierbankltd.com/
7. Bank Asia Limited
Established in 1999, Bank Asia stands as a distinctive presence in Bangladesh’s banking sector with a special emphasis on inclusivity. What sets Bank Asia apart is its unwavering commitment to making banking accessible to everyone. They have successfully reached the underbanked and underserved communities, promoting financial inclusion and empowerment. They are the only Bangladeshi Bank to acquire (Purchase) operations of two foreign banks. Bank Asia’s unique feature is its user-friendly digital banking services. Through intuitive online and mobile banking platforms, they’ve simplified banking, making it accessible to tech-savvy customers while also ensuring that those without access to traditional banking benefit from modern financial services. This dual commitment to technology and inclusivity has made Bank Asia a trailblazer in the industry, touching the lives of diverse segments of society. In doing so, they’ve not only simplified banking but also played a vital role in Bangladesh’s economic growth and development.
At a Glance…
- Total Branches: 136
- Branches Location: Click here
- Total ATM: 221 (Location)
- Internet Banking: Yes
- Banking Services: Treasury Service, Service Products, Foreign Remittance Service.
- Website: http://www.bankasia-bd.com/
8. Trust Bank Limited
Trust Bank Limited is a leading private commercial bank in Bangladesh. What sets it apart is its unique sponsorship by the Army Welfare Trust (AWT), making it the first of its kind in the country. Since its establishment in 1999, Trust Bank has been dedicated to providing modern financial banking services for both corporate and consumer needs. Over the years, it has earned the trust of the public, becoming known as a reliable and stable bank. Trust Bank has made significant investments in digital banking, offering online and mobile banking services that provide customers with convenient and efficient ways to manage their finances. Trust Bank actively engages in various community development and corporate social responsibility initiatives, reflecting its commitment to making a positive impact beyond banking. This bank has actively worked to reach underbanked and rural communities, contributing to financial inclusion efforts in the country. Customers choose Trust Bank for its strong reputation and the confidence it instills in the financial sector.
At a Glance…
- Total Branches: 115
- Branches Location: Click here
- Total ATM: 258 (Location)
- Internet Banking: Yes
- Banking Services: Locker Service, Islamic Banking, SME Banking, Sustainable Finance.
- Website: https://www.tblbd.com/
9. Prime Bank Limited
Prime Bank, as one of Bangladesh’s premier private banks, has been synonymous with people’s trust since its inception. It has fortified its position in the nation by offering specific benefits to customers at all levels. Prime Bank’s standout service is ‘Prime LenDen’, tailored to empower the economic core of the country, small, cottage, and medium-sized enterprises. Additionally, they’ve pioneered various innovations, including the first digital loan disbursement system for garment workers, real-time remittance service ‘Remit Prime’, and the AI-based Chatbot ‘Prime Assist.’ The bank actively participates in CSR initiatives, contributing to community development, education, and healthcare, aligning its business operations with social responsibility. Prime Bank is committed to environmental sustainability and has implemented green banking practices, promoting eco-friendly initiatives and financing environmentally responsible projects. These initiatives reflect Prime Bank’s commitment to innovation and customer satisfaction in Bangladesh’s banking sector.
At a Glance…
- Total Branches: 146
- Branches Location: Click here
- Total ATM: 139 (Location)
- Internet Banking: Yes
- Banking Services: NEERA, Prime Emarat, Student File Service, Monarch banking.
- Website: https://www.primebank.com.bd/
10. Mutual Trust Bank Limited
Mutual Trust Bank (MTB) is a prominent private commercial bank in Bangladesh. They offer diverse banking services to individuals, businesses, and corporations. As a third-generation bank, MTB prioritizes technology and innovation, providing mobile, internet, and QR code banking for convenient access.
Unique features like the MTB Rewards program, MTB Delight credit card, and companion dining offer set it apart. MTB’s dedicated Islamic banking window ensures that customers seeking Sharia-compliant financial solutions have access to a range of products and services. With a network of international correspondent banks, MTB facilitates international trade and remittances for its clients, fostering global connectivity. MTB’s commitment to customer satisfaction and innovative solutions makes it a leading choice in Bangladesh’s banking sector, offering a range of modern services tailored to meet the needs of its diverse clientele.
At a Glance…
- Total Branches: 156
- Branches Location: Click here
- Total ATM: 193 (Location)
- Internet Banking: Yes
- Banking Services: MTB Yaqeen, Deposit Products, Loan Products, MTB Cards, SME Products, NRB Savings.
- Website: https://www.mutualtrustbank.com/
Final Words
Private commercial banks are crucial to Bangladesh’s economy, holding more than 60% of its banking assets. They provide diverse banking services to individuals, businesses, and large companies. These banks are known for their innovative solutions and customer-centric approach. They’ve embraced digital banking, making it convenient for customers to manage their finances remotely. Private banks have been pivotal in Bangladesh’s economic growth by offering financial support to both businesses and individuals. They’ve also promoted financial inclusion by catering to people from various income brackets. In essence, these banks are essential contributors to Bangladesh’s economic development and financial inclusivity.