Top 10 Best Private Banks in Bangladesh

“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.”

— Robert Frost

So, here’s the thing: if you’re reading this, you’re probably looking for more than just a “list of best private banks in Bangladesh.” You want clarity. You want context. You want to know which banks actually deliver, not just promise.

And if you’re a foreigner trying to open a business account in Bangladesh or secure financing as a startup, or simply compare banking options for personal growth, this is your real talk.

Let’s explore the banks that dominate not just billboards, but also customer trust, digital reach, SME support, and foreign transaction facilities. I’ll walk you through all ten, just like we’re chatting over a warm cup of cha at a roadside stall in Dhanmondi.

Top 10 Best Private Banks in Bangladesh

When considering the best private banks in Bangladesh, you want more than just branch counts — you want innovation, trust, and solid service.

Banking in Bangladesh isn’t just about saving money or applying for a loan. It’s about knowing which doors to knock on when you’re trying to build something real, whether that’s a business, a home, or a second chance. So, which private banks are actually worth your trust today? Let’s not just count branches. Let’s count intent, innovation, consistency, and community impact.

Important Note: This list excludes banks under current Bangladesh Bank risk observation as of 2025.

1. BRAC Bank Limited

A Short Glance

Probably the poster child of what a modern private bank in Bangladesh should look like. Born in 2001 as part of BRAC’s broader vision for poverty alleviation and enterprise support, BRAC Bank entered the scene to help small businesses, back when “SME” wasn’t a buzzword. Today? It’s a full-blown commercial bank with an AAA credit rating and over 8,000+ employees.

Why It’s One of the Best

• SME lending pioneer in Bangladesh; still holds the largest SME portfolio.
• Offers customized financial tools for women entrepreneurs under its TARA banking initiative.
• Actively supports green banking, agriculture finance, and startup projects.

Core Facts & Capabilities

• Credit Rating: AAA (CRAB) as of June 2025
• Branches: Over 180 across the country.
• Digital innovation: App-based banking with Astha, QR code payments, instant account opening, digital loan applications, SME-friendly mobile and POS tools, and 24/7 Smart Teller Machines (STM).
• Remittance:
  • Ranked high with $74.05 million in remittance inflow in July 2025 alone.
  • Operates BRAC Saajan Exchange in the UK
  • Major player in the UK–BD and Middle East–BD corridors
  • Partnered with Western Union, Ria, and others
• SWIFT code: BRAKBDDHXXX.

Special Services for Foreign Entrepreneurs

• Supports foreign trade and remittance settlements.
• Eligible for foreign SME loans and business accounts.
• Active partner with BIDA-approved projects.

2. Eastern Bank Limited (EBL)

A Short Glance

Established in 1992, EBL quickly set itself apart, not by trying to be the loudest, but the smartest. It quietly became the go-to bank for Bangladesh’s upper middle class, foreign investors, and corporate giants who wanted class with compliance. Today, it’s one of the most globally trusted banks operating in the country.

Why It’s One of the Best

• Known for top-tier corporate governance and compliance, even by international standards.
• Received multiple awards, including “Best Retail Bank in Bangladesh” (Asian Banker, 2024).
• Offers elite-class wealth management and offshore banking services.

Core Facts & Capabilities

• Credit Rating: AAA (CRAB)
• Branches: 85+ branches across Bangladesh.
• Global exposure: Active in several countries, with a full-scale branch in India; a rare milestone for any Bangladeshi bank.
• Digital Innovation: Full-service mobile app with smart authentication, first to offer global debit card controls via app, AI-powered customer service chatbot.
• Corporate & SME banking leader: Provides structured trade finance, B2B treasury services, and international loan syndication.
• Remittance:
  • Handles over $100 million annually
  • Strong corridor reach across the UK, UAE, and Malaysia
  • Known for fast processing & competitive rates
• SWIFT code: EBLDBDDHXXX

Special Services for Foreign Entrepreneurs

• Expert at handling foreign-currency accounts and capital repatriation.
• Excellent for investors seeking to set up in BEZA or Hi-Tech Parks.
• One of the few banks with dedicated advisory desks for business visa holders and foreign remitters.

3. Dutch-Bangla Bank Limited (DBBL)

A Short Glance

The first Bangladeshi bank to bet big on digital. DBBL, established in 1995 through a partnership with Dutch FMO, revolutionized how banking was accessed by literally bringing the bank to people’s doorsteps through ATMs and mobile banking.

Why It’s One of the Best

• Pioneer of mobile and agent banking.
• Serves a massive retail client base, especially in rural areas.
• Recognized for offering student-friendly services, utility payments, and digital wallets.

Core Facts & Capabilities

• Credit rating: AA+ (CRISL)
• Largest ATM network in Bangladesh (over 4,930 ATMs).
• Branches: 210+ and growing.
• Digital Innovation: First to bring mobile banking to Bangladesh (Rocket), built a strong e-commerce payment gateway, and rolled out NFC and biometric banking features.
• Remittance:
  • Highly accessible across rural BD
  • Real-time integration with Rocket
  • Recognized for micro remittance reach
• SWIFT code: DBBLBDDHXXX

Special Services for Foreign Entrepreneurs

• Perfect for mass payroll processing, especially for factories and SMEs.
• Friendly for remittance-based businesses.
• Offers one of the smoothest setups for foreign trade settlement accounts.

4. The City Bank Limited

A Short Glance

One of Bangladesh’s oldest private banks (est. 1983), The City Bank doesn’t chase trends. It builds them. It was the first bank to introduce American Express cards in the country and continues to set benchmarks in corporate, retail, and investment banking.

Why It’s One of the Best

• Exclusive issuer of Amex; a sign of premium service.
• Leader in digital transformation and fintech integration.
• Recognized for outstanding women’s banking initiatives and entrepreneurship programs.

Core Facts & Capabilities

• Credit rating: AAA (CRAB)
• Branches: 130+
• Digital Innovation: First to launch American Express cards in BD, Citytouch app, Smart chatbot, AI-enabled banking dashboard.
• Remittance:
  • Processes $200M+ annually
  • Offers 24/7 instant cash pickup & foreign currency accounts
  • Present in the UK and Gulf countries via partners
• Awarded “Best Bank in Bangladesh” by FinanceAsia in 2024.
• SWIFT code: CIBLBDDHXXX

Special Services for Foreign Entrepreneurs

• Ideal for business clients needing high-limit corporate cards and offshore services.
• Strong support for companies setting up for foreigners in BD.
• Strong international trade and LC (letter of credit) services.

5. Prime Bank Limited

A Short Glance

Founded in 1995, Prime Bank started with a conservative approach. But don’t mistake that for slowness. In the last five years, it’s become one of the most tech-upgraded private banks, focusing on both corporate excellence and youth banking.

Why It’s One of the Best

• Widely trusted by export-oriented businesses.
• Operates the country’s first Shariah-compliant subsidiary for Islamic finance.
• Leader in CSR activities, especially in healthcare and sports.

Core Facts & Capabilities

• Credit rating: AA1 (CRAB)
• Branches: 146 across Bangladesh
• Digital Innovation: “PrimePay” app for online payments and utilities, end-to-end digital onboarding, Interactive Smart RM platform for corporate clients.
• Remittance:
  • Significant flow from the UAE and Malaysia
  • Supports direct-to-account and cash pick-up
• Recognized by the Bangladesh Bank for stable liquidity
• SWIFT code: PRBLBDDHXXX

Special Services for Foreign Entrepreneurs

• Helps secure project financing in priority sectors.
• Friendly to clients applying for work permits & business visa accounts.
• Offers LC advising and pre-shipment loan facilities.

6. United Commercial Bank Limited (UCB)

A Short Glance

Established in 1983, UCB quickly became known as the “people’s corporate bank.” It serves massive trade volumes and is particularly strong in export-import finance and SME expansion.

Why It’s One of the Best

• Recognized for solid remittance inflow and SME support.
• Strong correspondent banking ties with over 75 global banks.
• Offers women-focused banking and dedicated product lines for youth.

Core Facts & Capabilities

• Credit rating: AA (CRAB)
• Branches: 170–228 across 42 districts 
• Digital Innovation: Strong agent banking network in rural areas, Mobile and internet banking with remittance tools, Introduced UCB eSchool; a financial literacy app for students.
• Remittance: 
  • Over $75M annually
  • Provides comprehensive NRB remittance services via multiple global corridors
• SWIFT code: UCBLBDDHXXX

Special Services for Foreign Entrepreneurs

• Excellent for foreign account opening support, especially in the Dhaka-Chattogram zones.
• BIDA-aligned services for capital injection tracking.
• Experience handling BEZA and EPZ-based business accounts.

7. Bank Asia Limited

A Short Glance

Launched in 1999, Bank Asia has taken a consistent and low-profile path to growth. But don’t let the quiet fool you. This bank has one of the strongest rural banking operations and is highly regarded for financing solar, agri-tech, and rural fintech.

Why It’s One of the Best

• Excellent in agent banking across 64 districts.
• Aggressive on green financing and Islamic banking alternatives.
• Won multiple awards for digital inclusivity.

Core Facts & Capabilities

• Credit Rating: AA+ / ST‑1 (CRAB)
• Branches: 130+ branches nationwide
• Digital Innovation:
  • Launched web, app, SMS, USSD, ATM channel integration,
  • Pioneer in agent banking; BDT 6,000 crore deposits via agents 
• Remittance: Strong inbound routing, especially among informal workers, actively works with overseas partners (esp. in EU & Gulf).
• SWIFT code: BALBBDDHXXX
• Special focus on rural SME accounts and women entrepreneurship.

Special Services for Foreign Entrepreneurs

• Especially helpful for businesses looking to set up in the agribusiness or renewable energy sectors.
• Friendly LC issuance for new exporters.
• Supports work permit renewals with bank-led support letters.

8. SouthEast Bank Limited

A Short Glance

Since its inception in 1995, SouthEast Bank has been a strong presence in industrial finance and B2B banking. While not always in the limelight, it is widely respected for stable corporate financing and foreign exchange efficiency.

Why It’s One of the Best

• Known for fast processing of LCs and foreign remittances.
• Excellent for export-import based clients.
• Recognized for a low NPL (non-performing loan) ratio.

Core Facts & Capabilities

• Credit rating: AA+
• Branches: 133 branches, plus 16 sub‑branches + 2,500+ agent touchpoints 
• Digital Innovation: Internet banking, e‑statement, mobile apps, POS integration
• Remittance: Handled USD 18.32 million (July 1–12, 2025)
• SWIFT code: SEBDBDDHXXX
• High ratio of corporate loan clients in EPZ areas
• One of the few banks to offer dual currency credit cards.

Special Services for Foreign Entrepreneurs

• Good fit for trading companies.
• One-stop desk for BOI/BIDA-funded projects.
• Helpful for commercial space lease/buy support via bank-backed due diligence.

9. Mutual Trust Bank Limited (MTB)

A Short Glance

Mutual Trust Bank (MTB) has been around since 1999, quietly building a name for itself in Bangladesh’s banking scene. Known for supporting small businesses, offering solid corporate banking, and embracing digital upgrades, MTB has earned real respect over the years, for both how it treats its customers and the way it contributes to the community.

Why It’s One of the Best

• One of Bangladesh’s top go-to lenders for small and mid-sized businesses, backed by a solid track record.
• Big on digital banking. So, even folks in remote villages can access services without the hassle.
• Actively supports financial inclusion, helping small businesses, women-led ventures, and underserved communities grow.
• Loved by customers for its personal touch and long-standing relationship-driven service.

Core Facts & Capabilities

• Credit Rating: AA+ (CRAB)
• Branches: 140+ branches across Bangladesh 
• Digital Innovation: MTB Smart Banking App, Digital loan application, Mobile and online banking services with integrated payments, Active in QR payments and NFC banking
• Remittance: 
  • Handles steady inbound remittance, especially from the Middle East and Europe
  • Partnerships with Western Union and other remittance channels
  • Key player in Bangladesh–UK remittance corridors
• SWIFT code: MTBDBDDHXXX
• Other: Focus on green banking and solar-powered branches. CSR efforts in rural education, healthcare, and community building.

Special Services for Foreign Entrepreneurs

• Foreign exchange and capital repatriation support for business owners in Bangladesh.
• Helps foreign businesses with SME loans, including funding for startups.
• Specialized banking services for businesses setting up in industrial zones or Hi-Tech parks.
• Facilitates international trade financing, including LC issuance and foreign currency transactions.
• Offers bilingual support for foreign clients, including English and Bangla for smooth communication.

10. The Premier Bank Limited

A Short Glance

Premier Bank was established in 1999 and has since evolved into a forward-thinking, service-intensive bank for both corporate and consumer banking. Though younger than many peers, its modern infrastructure and quick decision-making style have made it a rising star.

Why It’s One of the Best

• Known for its fast service turnaround and relationship-first approach.
• High-performing SME loan portfolio.
• Strong focus on financial inclusion and tech-enabled banking.

Core Facts & Capabilities

• Credit rating: AA (Emerging Credit Rating Ltd)
• Branches: 120+ branches (est.) across Bangladesh.
• Digital Innovation: Offers fully digital onboarding through Premier iBanking, Internet, and mobile banking with basic remittance services.
• Remittance: Moderate volume; niche corridors with UK & Middle East
• SWIFT code: PRMRBDDHXXX
• Flexible loan products for startups and importers

Special Services for Foreign Entrepreneurs

• Excellent at setting up multi-currency accounts.
• Helpful for foreigners planning to lease or buy office space (via bank solvency letters).
• Great option for first-time investors needing bilingual support staff.

Bonus Bank: Islami Bank Bangladesh PLC

Note: This one is out of Top 10 best Private Banks in Bangladesh list.

A Short Glance

Founded back in 1983, Islami Bank Bangladesh PLC made history as the country’s first Shariah-based bank; and it’s still leading the pack today. With a strong grip on remittance flows and a wide range of Islamic finance products, the bank has built serious trust over the years. While it has faced its share of scrutiny, Islami Bank continues to stand tall in both local and global finance circles.

Why It’s One of the Best

• Leader in Islamic banking, providing a full range of Shariah-compliant services.
• Top remittance inflows, ranked highest among all banks, with over 259.44 million USD in just 12 days.
• Welfare-based financial products, including Mudharabah savings, Islamic loans, and CSR programs.
• Well-rooted abroad and trusted by NRBs (non-resident Bangladeshis) for smooth, worry-free money transfers.
• Offers full-scale SME financing; Shariah-compliant, whether it’s a big venture or a small hustle.

Core Facts & Capabilities

• Credit Rating: AA (CRAB)
• Branches: 350+ nationwide
• Digital Innovation: Islami Bank Digital Banking App for online services, transfers, and digital payments. Introduced Islamic fintech tools to support remote banking in Bangladesh’s underserved markets.
• Remittance:
  • Sent home a whopping USD 259.44 million in just the first 12 days of July 2025; Bangladesh’s top remittance performer.
  • Trusted by Western Union, Ria, and MoneyGram for smooth and reliable global money transfers.

• SWIFT code: ISBIBDDHXXX
• Other: Fully follows Shariah principles, guided by a dedicated Shariah Supervisory Committee. Also leans into green banking with financing options that care for the environment.

Special Services for Foreign Entrepreneurs

• Shariah-compliant foreign trade financing with Letter of Credit (LC) services.
• Capital repatriation services with a focus on Islamic finance, offering a smooth process for foreign-owned businesses.
• Islamic housing finance, designed for non-residents and foreign investors eyeing real estate opportunities in Bangladesh.
• Specially curated accounts for NRBs (Non Resident Bangladeshis), making cross-border money matters easier and hassle-free.
• CSR efforts rooted in real impact; supporting education, healthcare, and poverty relief where it matters most.

Largest Private Bank in Bangladesh

BRAC Bank is the largest private commercial bank in Bangladesh as of 2024. This is based on a combination of the bank’s total assets, market share, and the fact that it has the most small and medium-sized businesses (SMEs) as clients. BRAC has a wide-reaching digital platform, a physical presence in more than 500 locations (SME units included), and strong financial strength.

→ Honorable mentions based on size and footprint:

• Dutch Bangla Bank (largest ATM network)
• EBL (most globally connected)
• City Bank (highest Amex circulation)

→ By Remittance Volume (July 1–12, 2025):

• Islami Bank Bangladesh PLC: USD 259.44 million
• BRAC Bank PLC: USD 74.05 million
• Trust Bank PLC: USD 41.13 million

Other Non-Government Banks You Should Know About

While the top 10 got all the attention, these other private (non-government) banks are quietly making waves in their own corners of the industry:

• NRB Commercial Bank: Known for NRI investments and diaspora banking
• Modhumoti Bank: Up-and-coming bank with agritech loan offerings
• Midland Bank: Strong on personal lending and agent banking
• NRB Bank: Ideal for foreign remittance-backed entrepreneurs
• Mercantile Bank: Highly active in Chattogram trade networks
• EXIM Bank: Competitive Islamic banking products
• Jamuna Bank PLC: Improving tech services
• Al-Arafah Islami Bank PLC: Growing agent banking

These banks might not always top the headlines, but for very niche needs—especially in remittance, green banking, or rural entrepreneurship—they could be your under-the-radar ace.

Foreign Banks in Bangladesh: Do They Compete with Local Private Banks?

Let’s be honest here: top foreign banks in Bangladesh like Standard Chartered, HSBC, and Citibank aren’t just fancy logos. They play a big role here, especially in corporate finance, trade, and expat banking. But for everyday accounts, loans, SME support, or local remittance handling? They’re more niche than mainstream.

So while Standard Chartered might process your international LC faster, it won’t be the place your startup opens its first account, or where your SME gets a loan in 7 days. That’s where our top 10 private banks still dominate.

Still, if you’re in BEZA, doing foreign trade, or need a globally recognized account, foreign banks might be worth a look as your second account, not your first handshake.

Final Thought

When it comes to picking the best private bank in Bangladesh, it’s not just about balance sheets; it’s about matching your ambition with the bank’s character. Do you need global access or deep rural penetration? Are you chasing scale, or a quiet partner who understands your quirks?

Every bank on this list brings something uniquely powerful to the table. Some walk with the giants of Wall Street. Others sit at a roadside tea stall and serve microfinance with a handshake.

As you explore your business journey in Bangladesh, be it learning how to open a business bank account, registering a company, or understanding the legal structure for foreigners, your banking partner will often be your first and closest ally.

So choose one that doesn’t just open your account, but opens possibilities.

FAQs on Best Private Banks in Bangladesh

So, What Is the Total Number of Private Banks in Bangladesh?

Answer: As of 2025, Bangladesh has 43 private commercial banks.

These include:

• 33 Conventional Private Banks
• 10 Islamic Shariah-Based Private Banks

Each has different strengths: some focus on remittance and rural banking, others on corporate financing or green tech.

But a long list doesn’t always mean long-term trust. The top 10 best private banks in Bangladesh we featured stand out based on performance, innovation, compliance, and real-world user experience.

Can a foreigner open a business bank account in Bangladesh easily?

Answer: You’ll need the right documents (company registration, trade license, TIN, passport copies, and proof of address). Banks like EBL or UCB are familiar with foreign setups, especially if you’re operating in a SEZ or BIDA‑approved project. Bring your paperwork, be patient with in‑person verification, and you’ll likely walk out with an account, sometimes the same day.

Which private bank is best for remittances from abroad?

Answer: If you’re sending money home or into Bangladesh, Islami Bank still leads the pack: huge volume, global agent networks, and fast clearing. BRAC, Trust, and EBL also offer slick services, especially with apps like Astha or EBL Mobile letting you track funds like a hawk.

Are there private banks that support startups and SMEs better?

Answer: Yes, and plenty. BRAC Bank is still the gold standard for SME lending and offers startup‑friendly tools (digital loan apps, POS support). MTB and Prime Bank are strong on SME financing too, especially if you’re leaning toward green or tech‑oriented sectors.

Which bank should I choose if I plan to set up in a Hi-Tech or Export Processing Zone?

Answer: For zones like BEZA or EPZs, among the best private banks in Bangladesh, EBL and UCB are solid picks. They already work with foreign entrepreneurs and understand the paperwork. They also offer foreign currency account setups, LOE letters, and helpful advice on business visas and work permits.

How important is the digital experience when choosing a bank here?

Answer: Very. Bangladesh’s banking scene is fast-paced, and your phone is your new branch. Apps like DBBL’s Rocket, BRAC’s Astha, City Bank’s Citytouch, and MTB Smart let you open accounts, pay bills, transfer funds, and even apply for loans without stepping into a branch.

And then there’s bKash—the real game-changer. While it’s technically not a bank, it’s integrated with nearly all of them. From paying your chaiwala to handling online orders and splitting lunch bills, bKash is practically the second wallet in every Bangladeshi’s pocket. Almost every private bank here offers bKash integration now. So, if you’re choosing a bank, make sure it plays nice with bKash too.

Why Didn’t You Include IFIC Bank? Is It Shut Down?

Answer: Nope, IFIC Bank isn’t shut. But let’s just say… It’s under a bit of cleanup.

IFIC Bank has recently faced serious scrutiny, especially regarding loan defaults, governance gaps, and internal conflicts. In early 2024, Bangladesh Bank stepped in and dissolved the old board in early 2024. The removed board included powerful figures such as Salman F Rahman, in an attempt to reform the bank from the top.

A new set of independent and government-appointed directors has since taken over, free from political pressure and supposedly focused on restoring trust.

So, is IFIC “bad”? Not quite.

But is it ready to stand shoulder-to-shoulder with the top 10 best private banks in Bangladesh when it comes to digital banking, SME financing, and compliance? Not yet.

We’ll be watching closely.