Banking Articles: November 2014

BANK ALL

BANK

Bank is a financial institution or corporation which deals with money and its substitutes; it also provides other financial services. Banks accept deposits and make loans and obtain a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively.
It is formed for the purposes of maintaining current accounts, savings accounts and checking accounts, issuing loans or advances or investment (Islamic mode) and credit, and dealing in negotiable securities issued by governmental entities and corporations.
It makes a link with depositors and customers directly or indirectly.
“A bank is a dealer in debts- his own and other peoples”- G. Crowther.
“Bank is an economic institution whose main aim is to earn profit through exchange of money and credit instrument” - Jhon Harry.
“A bank is an institution,the principal function of which is collect the unutilized money of the people and to lend it to others.” -R.P. Kent.
“Banks are institutions whose debts are commonly accepted in settlement of other people’s debts.” -R.S. Sayers.
“A bank is a financial intermediary- a dealer in loans and debts” -Cairncross.
“A bank is an establishment which trades in money, an establishment for deposit, custody and issue of money and also for granting loans and discounting bills and facilitating transmission of remittances from one place to another.”-Imperial Dictionary

English Version of Dictionary Definitions

1) “ A bank is an organization chartered by the state or federal govt. principal functions of which are :
i) To receive demand deposits and pay customers cheques drawn against them.
ii) To pay time deposits and pay interest thereon.
iii) To discount notes, make loans and invest in govt. or other securities.
iv) To collect cheques, drafts, notes etc.
v) To issue drafts and cashier’s cheques.
vi) To certify depositors cheques.
vii) When authorized by the chartering govt. it may act in a fiduciary capacity.
-Dictionary of Banking and Finance.
2) “ Bank is an institution where money is received for custody and returned on demand.” – A.T. Deb.
3) “A bank is an institution for the custody and investment of money.
– Samsad Dictionary.
4) “A bank is an establishment which trades in money, an establishment for deposit, custody and issue of money and also for granting loans and discounting bills and facilitating transmission of remittances from one place to another.”-Imperial Dictionary

Some Definitions of Banks as provided by Famous Encyclopedias

1)      “ A commercial banker is a dealer in money in substitutes for money, such as cheques or bill of exchange.”- New Encyclopedia Britanica.
2)      “ Establishment for custody of money, which it pays out on customers order” – The New Oxford Encyclopedic Dictionary.
3)      “ Commercial banks usually just called banks, can be defined as institutions that provide checking accounts to the public and have substantial proportion of their assets invested in loans and general business firms.”
– The Macmillan Family Encyclopedia
- Lexicon Universal Encyclopedia.
4)      “Primarily business of dealing in money and instrument of credit.”
- New Illustrated Columbia Encyclopedia.
5)      “ An establishment receiving money for the purpose of being lent out on interest or returned by exchange or disposed of the profit of to be drawn out again as the owner require it” – The new Caxton Encyclopedia.

Some Definitions of Banks as provided by Acts and Ordinances

1)      “ Banker includes a body of person, whether incorporated or not, who carry on the business of banking”-English Bills of Exchange Act-1982
2)      “ A bank , it implied, is an instrument of society having functions what make it, in effect, a financial reserviour receiving streams of currency from any direction and from which their issue out following streams where and as required to sustain and fructify or assist commercial, industrial or other enterprises or ventures.”- High court of Australia.
3)      “ A bank is a person or corporation carrying on bonafide banking business.” – English Finance Act, 1915
4)      “ Banker includes a person, or corporation, or a company acting as banker” – Negotiable Instrument Act, 1881
Some Definitions of Banks as provided by Banking Institutes
1)      “ A bank performs an essentially distributive task, service or acts as an intermediary between borrowers and lender sense, however, a bank can be considered the heart of a complex financial structure.” – American Institute of Banking.
2)      “ Stated very simple, banks deals in money and in that connection offer certain related financial services.” – Harold Wallgren for American Bankers Association.

Most of the authors opinion that word bank has been taken from Italian word banco or bancaor French word benque, meaning a bench, other writers opine that the origin of the word bank is the German word bank, which means a bundle of anything or shared stock fund.
Origin of the word bank lies in the city of Italy, where the Lombard Jews were used to keep benches in the market place to transact the business. Italian word for the bench is banco. Such banco arrangements were used to be made for smooth exchange of money and other bills of the business. From those banco arrangements, people used to call them as the banco personnel or the banco area or some specific banco. Gradually, with the mix up of the population and spreading the banco styled business, same banco word started giving rise to the bank. Later on, when the financial organizations in steps forward to function with the similar objectives, people gave them the name banco and then the bank. Majority of the bankers believe the above theory of development for the bank word. But little also says that the bank word has its origin in the French word beque; incidentally, it also means a bench. This is not the end of the solution of the word. Another group is there who advocates German word bank as the antecedent of today’s English word bank. In German, bank means a bundle of anything or shared stock fund.
Bank is an organization, generally a corporation, chartered by a state or central government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor’s checks; and issues drafts and cashier’s checks.

Bank has various objectives as per other financial organizations. But banking organization view point is exceptional than others. The objectives of bank can be viewed from three different perspectives:
1)    Objective from the view point of Bank owners,
2)    Objective from the view point of the government and
3)    Objective from the view point of Bank customers.

1. Objective from the view point of Bank owners

i)             Earning profit: Profit motive of the owners of the Bank acts as a driving force in engaging themselves in the business of banking like all other business.
ii)           Rendering Services: Bank renders various services to the society as a part of their social commitment and this is a prime objective for engaging in banking business. Bankers are not only to make profit but also to do some good to the society.
iii)          Investment of fund: The owners of the bank treat the bank as a suitable sector to invest their accumulated saved money.
iv)          Earning good will: The owners of bank take bank as a way of earning good will by enhancing the periphery of their banking business.
v)           Raising efficiency: The owners sharpen their managerial skill and efficiency by ensuring smooth operation of their banking business.

2. Objective from the view point of the government

i) Issuance of Note and currency notes: Government issues notes and currency as a medium of exchange through banks.
ii) Formation of capital: Government always encourages formation of capital in society through households and bank act as a catalyzing force in formation of capital in different sectors of the society.
iii) Investment of capital and industrialization: Bank helps investment of ideal money through its various asset products and expedites industrialization. Eventually this helps the growth of GDP, alleviating poverty and ensures equal distribution of wealth.
iv) Control of money market: Bank by its various products help in controlling money market (supply of money in the market) and guards against the economy to be inflated.
v) Creation of employment : Bank to fulfill its human resource requirements and create a large employment opportunities.
vi) Counseling in financial matters: Banks sometimes put up effective suggestions to Govt in financial matters from their part

3. Objective from the view point of bank customers
i) Safe custodian of public money: Bank acts as a safe custodian of public money. By depositing own money into a Bank account people get rid of worries like theft, burglary and snatching.
ii) custodian of public money: Sometimes bank acts as a financial advisers and counselor to its customers in various aspects.
iii) Representative or trustee: Bank sometimes performs the role of a representative or trustee on behalf of its customers.
iv) Providing credit facility: Bank provides credit facility to its customers and make opportunities to invest in profitable sector and by the process create income opportunities for customers.

Bank may be classified are as follows:
a) Based on organizational Characteristic
b) Based on Technique

a) Based on organizational Characteristic:

1. Branch Banking: A banking system where operation of branches that situated in different parts of the country or even in abroad executed under control of the corporate office. Branch office has no different identity. Branch office works as a representative and follow all instructions/circulars of corporate office for performing banking activities. It has many branches in local and abroad.
2. Chain Banking: When two or more banks are operated and controlled jointly by keeping separate identity in order to avoid risk and competition among themselves termed as chain banking. It’s objectives are to improve jointly. This types of banking systems were available before 1920 in USA.
3. Holding Company Banking or Group Banking: Holding company banking/ group banking system actually refers two or more banks, which are held as subsidiaries by holding company. It is also called holding company bank. The largest company purchases other weak bank’s maximum shares. As a result, Strong bank represent weak bank as a subsidiary bank.In 1930 in USA, this types of banking started.
4. Unit Banking:
Operations of banking system are conducted by a single office/unit. It has no branches. It generally collects deposit from the small communities in that particular arena and places those deposits with bigger bank. Since the unit banks are small in size, they cannot provide remittance facilities to their customer. They have own capital, Board of directors and share holders.In Bangladesh there is no unit Bank.
b) Based on Technique:
1. Deposit Banking: Deposit banking is collecting of different types deposits from the public and invest the same to their existing investment clients.
2. Investment Banking: Investment banks are the specialized institutions engaged in providing assistance to the commercial companies in raising their long-term capital through sale of shares, stocks, and bonds in the open market. The activities of investment banking may be classified as (a) Originating, (b) underwriting and (c) retailing on behalf of individual and institutional investors.
3. Merchant Banking: Merchant bank is a financial institution where mainly engaged in offering financial services and counsel to corporations and to rich individuals. The term can also be used to describe the private equity activities of banking. The main difference between an investment bank and a merchant bank is that a merchant bank invests its own capital in a client company whereas an investment bank entirely distributes (and trades) the securities of that company in its capital raising role.
4. Mixed Banking: Mixed banking usually refers to combination of commercial banking and investment banking.

The main functions of commercial banks are accepting deposits from the public and advancing them loans.

However, besides these functions there are many other functions which these banks perform. All these functions can be divided under the following heads:

1. Accepting deposits

2. Giving loans

3. Overdraft

4. Discounting of Bills of Exchange

5. Investment of Funds

6. Agency Functions

7. Miscellaneous Functions

1. Accepting Deposits:

The most important function of commercial banks is to accept deposits from the public. Various sections of society, according to their needs and economic condition, deposit their savings with the banks.

For example, fixed and low income group people deposit their savings in small amounts from the points of view of security, income and saving promotion. On the other hand, traders and businessmen deposit their savings in the banks for the convenience of payment.

Therefore, keeping the needs and interests of various sections of society, banks formulate various deposit schemes. Generally, there ire three types of deposits which are as follows:

(i) Current Deposits:

The depositors of such deposits can withdraw and deposit money when¬ever they desire. Since banks have to keep the deposited amount of such accounts in cash always, they carry either no interest or very low rate of interest. These deposits are called as Demand Deposits be¬cause these can be demanded or withdrawn by the depositors at any time they want.

Such deposit ac¬counts are highly useful for traders and big business firms because they have to make payments and accept payments many times in a day.

(ii) Fixed Deposits:

These are the deposits which are deposited for a definite period of time. This period is generally not less than one year and, therefore, these are called as long term deposits. These deposits cannot be withdrawn before the expiry of the stipulated time and, therefore, these are also called as time deposits.

These deposits generally carry a higher rate of interest because banks can use these deposits for a definite time without having the fear of being withdrawn.

(iii) Saving Deposits:

In such deposits, money upto a certain limit can be deposited and with¬drawn once or twice in a week. On such deposits, the rate of interest is very less. As is evident from the name of such deposits their main objective is to mobilise small savings in the form of deposits. These deposits are generally done by salaried people and the people who have fixed and less income.

1. Giving Loans:

The second important function of commercial banks is to advance loans to its customers. Banks charge interest from the borrowers and this is the main source of their income.

Banks advance loans not only on the basis of the deposits of the public rather they also advance loans on the basis of depositing the money in the accounts of borrowers. In other words, they create loans out of deposits and deposits out of loans. This is called as credit creation by commercial banks.

Modern banks give mostly secured loans for productive purposes. In other words, at the time of advancing loans, they demand proper security or collateral. Generally, the value of security or collateral is equal to the amount of loan. This is done mainly with a view to recover the loan money by selling the security in the event of non-refund of the loan.

At limes, banks give loan on the basis of personal security also. Therefore, such loans are called as unsecured loan. Banks generally give following types of loans and advances:

(i) Cash Credit:

In this type of credit scheme, banks advance loans to its customers on the basis of bonds, inventories and other approved securities. Under this scheme, banks enter into an agreement with its customers to which money can be withdrawn many times during a year. Under this set up banks open accounts of their customers and deposit the loan money. With this type of loan, credit is created.

(ii) Demand loans:

These are such loans that can be recalled on demand by the banks. The entire loan amount is paid in lump sum by crediting it to the loan account of the borrower, and thus entire loan becomes chargeable to interest with immediate effect.

(iii) Short-term loan:

These loans may be given as personal loans, loans to finance working capital or as priority sector advances. These are made against some security and entire loan amount is transferred to the loan account of the borrower.

3. Over-Draft:

Banks advance loans to its customer’s upto a certain amount through over-drafts, if there are no deposits in the current account. For this banks demand a security from the customers and charge very high rate of interest.

4. Discounting of Bills of Exchange:

This is the most prevalent and important method of advancing loans to the traders for short-term purposes. Under this system, banks advance loans to the traders and business firms by discounting their bills. In this way, businessmen get loans on the basis of their bills of exchange before the time of their maturity.

5. Investment of Funds:

The banks invest their surplus funds in three types of securities—Government securities, other approved securities and other securities. Government securities include both, central and state govern¬ments, such as treasury bills, national savings certificate etc.

Other securities include securities of state associated bodies like electricity boards, housing boards, debentures of Land Development Banks units of UTI, shares of Regional Rural banks etc.

6. Agency Functions:

Banks function in the form of agents and representatives of their customers. Customers give their consent for performing such functions. The important functions of these types are as follows:

(i) Banks collect cheques, drafts, bills of exchange and dividends of the shares for their custom¬ers.

(ii) Banks make payment for their clients and at times accept the bills of exchange: of their cus¬tomers for which payment is made at the fixed time.

(iii) Banks pay insurance premium of their customers. Besides this, they also deposit loan installments, income-tax, interest etc. as per directions.

(iv) Banks purchase and sell securities, shares and debentures on behalf of their customers.

(v) Banks arrange to send money from one place to another for the convenience of their customers.

7. Miscellaneous Functions:

Besides the functions mentioned above, banks perform many other functions of general utility which are as follows:

(i) Banks make arrangement of lockers for the safe custody of valuable assets of their custom¬ers such as gold, silver, legal documents etc.

(ii) Banks give reference for their customers.

(iii) Banks collect necessary and useful statistics relating to trade and industry.

(iv) For facilitating foreign trade, banks undertake to sell and purchase foreign exchange.

(v) Banks advise their clients relating to investment decisions as specialist

(vi) Bank does the under-writing of shares and debentures also.

(vii) Banks issue letters of credit.

(viii) During natural calamities, banks are highly useful in mobilizing funds and donations.

(ix) Banks provide loans for consumer durables like Car, Air-conditioner, and Fridge etc.

Bank contribution to trade commerce is very important of a country. It is not possible the development of a country without bank management. Any country of the world is not self-sufficient of goods and services. So one country of the world depends on others for fulfillment of their demands. In this situation bank contributions are given below:
A) Contributions to the Foreign Trade and
B) Contribution to the Home Trade

A) Contributions to the Foreign Trade

1. Bank helps to manage to import and export trade.
2. Bank finances for foreign trade.
3. Bank collecting the foreign currency on behalf of the customers.
4. Bank arranges foreign exchange though bank to bank correspondence with different country.
5. Bank contributes to expand the market on behalf of the exporter.
6. Bank works as a buying selling agent of the exporter.
7. Bank supply the information as per the requirement of the customers.
8. Bank makes payment of the acceptance and payment of the bill of exchange.
9. Bank sends to the Important documents of the foreign trade to the importers or exporters.
10. Bank sending swift for fund transfer as the representative of the importer and exporter.

B) Contribution to the Home Trade

1. Bank helps for capital formation and investment.
2. Bank helps to capital supply.
3. Bank preserves money and goods.
4. Bank provides/issues the medium of exchange (such as draft, payment order, demand draft etc).
5. Bank helps in large scale production.
6. Bank gives the credit facility to the industrialist for long or short terms.
7. Bank sales of company shares.
8. Bank collects cheques and bills etc.
9. Bank gives the customers overdraft facility.
10. Bank helps transfer of money.
11. Bank provides financial certificate.
12. Bank makes settlements of transactions.
13. Bank works as financial advisers and consultants.
14. Bank works as a representative of the customers.

AB Bank Limited
Swift Code     :           ABBLBDDH
Phone             :           +88-02-9560312
Email              :           info@abbank.com.bd
Stock Code    :           ABBANK
Website          :           http://www.abbank.com.bd
Agrani Bank Limited
Swift Code     :           AGBKBDDH
Phone             :           02-9551569, 9554497, 9561556, 9553064
Email              :           agrani@agranibank.org, info@agranibank.org
Stock Code     :           -
Website           :           http://www.agranibank.org
Al-Arafah Islami Bank Limited
Swift Code     :           ALARBDDH
Phone             :           +880-2-7123255-7, 9568007, 9569353
Email              :           aibl@al-arafahbank.com
Stock Code     :           -
Website           :           http://www.al-arafahbank.com
Bangladesh Commerce Bank Limited
Swift Code     :           BCBLBDDH
Phone             :           9559831, 9571581 (PABX)
Email              :           info@bcblbd.com
Stock Code     :           -
Website           :           http://www.bcblbd.com
Bangladesh Development Bank Limited
Swift Code     :
Phone             :           (+8802)9563476Fax: +88-02-9562061
Email              :           md@bdbl.com.bd
Stock Code     :           -
Website           :           http://www.bdbl.com.bd
Bangladesh Krishi Bank
Swift Code     :           BKBABDDH
Phone             :           (+88 02) 956 0021
Email              :           info@krishibank.org.bd
Stock Code     :           -
Website           :           http://www.krishibank.org.bd
Bank Al-Falah Limited
Swift Code     :
Phone             :           +880-2-7168821-05 Fax: +880-2-9557413
Email              :
Stock Code     :
Website           :           http://www.bankalfalah.com
Bank Asia Limited
Swift Code     :           BALBBDDH
Phone             :           02- 7110042,7110062, 7110147,7110173,7110177,7110218
Email              :           bankasia@bankasia.com.bd
Stock Code     :           -
Website           :           http://www.bankasia-bd.com

https://www.bankasia.net

Bangladesh Small Industries and Commerce Bank Limited
Swift Code     :           BKSIBDDH
Phone             :           +880-2-9568190, 9564830, 7175691, 7175692
Email              :           basicho@citechco.net
Stock Code     :           -
Website           :           http://www.basicbanklimited.com
BRAC Bank Limited
Swift Code     :           BRAKBDDH
Phone             :           +880-2-885 9202, +88 01819 230000 (Call Center)
Email              :           enquiry@bracbank.com
Stock Code     :           -
Website           :           http://bracbank.com
City Bank
Swift Code     :           CIBLBDDH
Phone             :           +880-2-8813483, 8814375, 8813126
Email              :           info@thecitybank.com.bd
Stock Code     :           -
Website           :           https://www.thecitybank.com.bd
Commercial Bank of Ceylon Limited
Swift Code     :           CCEYBDDH
Phone             :           +880-2-7114125
Email              :           Email: email@combankbd.com
Stock Code     :           -
Website           :           -

Dhaka Bank Limited
Swift Code     :           DHBLBDDH
Phone             :           +880-2-9556585, 9554514, 9554514
Email              :           info@dhakabank.com.bd
Stock Code     :           -
Website           :           http://www.dhakabank.com.bd
Dutch-Bangla Bank Limited
Swift Code     :           DBBLBDDH
Phone             :           9666238, 7115756
Email              :           dbbl@bdmail.net
Stock Code     :           -
Website           :           http://www.dutchbanglabank.com
Eastern Bank Limited
Swift Code     :           EBLDBDDH
Phone             :           + 880-2-9556360, 9558392
Email              :           info@ebl-bd.com
Stock Code     :           -
Website           :           http://www.ebl.com.bd
Export Import Bank Of Bangladesh Ltd
Swift Code     :           EXBKBDDH
Phone             :           +880-2-9889363, 9891489
Email              :           itd@eximbankbd.com
Stock Code     :           -
Website           :           http://www.eximbankbd.com

First Security Islami Bank Limited
Swift Code     :           FSEBBDDH
Phone             :           +880-2-9553870
Email              :           info@fsiblbd.com
Stock Code     :           -
Website           :           http://www.fsiblbd.com

Habib Bank Ltd
Swift Code     :           HABBBDDH
Phone             :           +880-2-9883505, 9884954
Email              :           bangladesh@hblbd.com, asaf.shaikh@hblbd.com
Stock Code     :           -
Website           :           http://www.hbl.com
The Hongkong and Shanghai Banking Corporation Limited
Swift Code     :           HSBCBDDH
Phone             :           1199884722
Email              :           contact@hsbc.com.bd
Stock Code     :           -
Website           :           http://www.hsbc.com.bd

ICB Islamic Bank Ltd
Swift Code     :           BBSHBDDH
Phone             :           +880-2-9143361-5
Email              :           enquiry@icbislamic-bd.com
Stock Code     :           -
Website           :           http://www.icbislamic-bd.com
International Finance Invest and Commerce Bank Ltd
Swift Code     :           IFICBDDH
Phone             :           +880-2-9563020, 9562060, 9562062, 9562068
Email              :           info@ificbankbd.com
Stock Code     :           -
Website           :           http://www.ificbankbd.com
Islami Bank Bangladesh Ltd
Swift Code     :           IBBLBDDH
Phone             :           +880-2-9563040(Auto Hunting), 9560099, 9567161,9567162, 9569417
Email              :           info@islamibankbd.com
Stock Code     :           ISLAMIBANK
Website           :           http://www.islamibankbd.com

Jamuna Bank Ltd
Swift Code     :           JAMUBDDH
Phone             :           +880-2-9570912-16, 9555141
Email              :           jamunabank@jamunabank.com
Stock Code    :           JAMUNABANK
Website           :           http://www.jamunabankbd.com

Janata Bank Limited
Swift Code     :           JANBBDDH
Phone             :           +880-2-9558423
Email              :           jbdil@janatabank-bd.com
Stock Code     :           -
Website           :           http://www.janatabank-bd.com
Mercantile Bank Limited
Swift Code     :           MBLBBDDH
Phone             :           +880-2-9559333, 9553892, 9561140
Email              :           mbl@bol-online.com
Stock Code     :           MERCANBANK
Website           :           http://www.mblbd.com
Mutual Trust Bank Limited
Swift Code     :           MTBLBDDH
Phone             :           +880-2-8826966, 8822429
Email              :           mtbl@bangla.net
Stock Code     :           MTBL
Website           :           http://www.mutualtrustbank.com
National Bank Limited
Swift Code     :           NBLBBDDH
Phone             :           +880-2-956-3081, 966-6584
Email              :           ho@nblbd.com
Stock Code     :           NBL
Website           :           http://www.nblbd.com

National Bank of Pakistan
Swift Code     :           NBPABDDH
Phone             :           +880-2-9560248, 9560249
Email              :           nbp@agni.com
Stock Code     :           -
Website           :           http://www.nbp.com.pk

National Credit & Commerce Bank Ltd
Swift Code     :           NCCLBDDH
Phone             :           +880-2-9561902-4, 9566283, 9563981-3
Email              :           nccbl@bdmail.net
Stock Code     :           NCCBANK
Website           :           http://www.nccbank.com.bd
One Bank Limited
Swift Code     :           ONEBBDDH
Phone             :           +880-2-9118161, 9138361, 8122046, 9141397
Email              :           obl@onebankbd.com
Stock Code     :           ONEBANKLTD
Website           :           http://www.onebankbd.com
The Premier Bank Limited
Swift Code     :           PRMRBDDH
Phone             :           +880-2- 9887581-84, 8811417
Email              :           info@pemierbankltd.com
Stock Code     :           PREMIERBAN
Website           :           http://www.premierbankltd.com

Prime Bank Ltd
Swift Code     :           PRBLBDDH
Phone             :           +880-2-9567265, 9570747-8 PABX
Email              :           info@primebank.com.bd
Stock Code     :           PRIMEBANK
Website           :           http://www.primebank.com.bd
Pubali Bank Limited
Swift Code     :           PUBABDDH
Phone             :           +880-2-9551614 EXT.-278, 322
Email              :           mailbox@pubalibankbd.com
Stock Code     :           PUBALIBANK
Website           :           http://www.pubalibangla.com

Rajshahi Krishi Unnayan Bank
Swift Code     :           -
Phone             :           +880-2-775008-9
Email              :           info@rakub.org.bd
Stock Code     :           -
Website           :           http://www.rakub.org.bd
Rupali Bank Limited
Swift Code     :           RUPBBDDH
Phone             :           +880-2-9551624-25, 9554122, 9552163, 9552183, 9552184, 9551840,9552214, 9552301, 9551525, 9552743, 9552746, 9551471, 9555093-4 (PABX)
Email              :           rblhocom@bdcom.com
Stock Code     :           RUPALIBANK
Website           :           http://www.rupali-bank.com
Shahjalal Islami Bank Ltd
Swift Code     :           SJBLBDDH
Phone             :           +880-2-8825457, 8828142, 8824736, 8819385, 8818737
Email              :           sblho@shahjalalbank.com.bd
Stock Code     :           SHAHJABANK
Website           :           http://www.shahjalalbank.com.bd
Social Islami Bank Ltd.
Swift Code     :           SOIVBDDH
Phone             :           09612001122
Email              :           info@sibl-bd.com, ceo@sibl-bd.com
Stock Code     :           SIBL
Website           :           http://www.siblbd.com
Sonali Bank Limited
Swift Code     :           BSONBDDH
Phone             :           +880-2-9550426-31, 33, 34, 9552924 (Pabx)
Email              :           sbhoid@bdmail.net, sbhoitd@btcl.net.bd
Stock Code     :           -
Website           :           http://www.sonalibank.com.bd
Southeast Bank Limited
Swift Code     :           SEBDBDDH
Phone             :           +880-2-9571115, 7160866, 9555466, 7173793
Email              :           info@southeastbank.com.bd
Stock Code     :           SOUTHEASTB
Website           :           https://www.southeastbank.com.bd/
Standard Bank Limited
Swift Code     :           SDBLBDDH
Phone             :           +880-2-9667224, 9667802 9560299, 9558375
Email              :           info@standardbankbd.com
Stock Code     :           STANDBANKL
Website           :           http://www.standardbankbd.com

Standard Chartered Bank
Swift Code     :           SCBLBDDX
Phone             :           +880-2-8833003-4, 01819 399999, (02) 896 1151
Email             :           -
Stock Code     :
Website           :           http://www.standardchartered.com/bd
Trust Bank Limited
Swift Code     :           TTBLBDDH
Phone             :           +880-2-9570261, 9570263, 9572012-3
Email              :           info@trustbanklimited.com , itinfo@trustbanklimited.com
Stock Code     :           TRUSTBANK
Website           :           http://www.trustbank.com.bd
United Commercial Bank Limited
Swift Code     :           UCBLBDDH
Phone             :           +880-2-8852500
Email              :           info@ucbl.com
Stock Code     :           UCBL
Website           :           http://www.ucbl.com
Uttara Bank Limited
Swift Code     :           UTBLBDDH
Phone             :           +880-2-9551162-3, 9553085-6, 9558656, 9566067-9, 9565732, 9568941
Email             :           uttara@citechco.net, ublmis@citechco.net, ublid@citechco.net,ublid@dhaka.net, ublidgen@uttarabank.com, ublidrem@uttarabank.com

Stock Code : UTTARABANK

Website : http://www.uttarabank-bd.com