Professional Documents
Culture Documents
Banks:
Banking is essentially based on the debtor-creditor relationship between the
depositors and the bank on the one hand and between the borrowers and the
bank
on the other. Interest is considered to be the price of credit, reflecting the
opportunity cost of money.
List of All types of banking sectors are:
Central Bank
Private Commercial Banks
Public Commercial Banks
Foreign Commercial Banks
Specialized Development Banks
Private Commercial Banks:
Private banks are the highest growth sector due to the dismal performances
of
government banks (above). They tend to offer better service and products.
AB Bank Ltd
BRAC Bank Limited
Eastern Bank Limited
Dutch Bangla Bank Limited
Dhaka Bank Limited
Islami Bank Bangladesh Ltd
Pubali Bank Limited
Uttara Bank Limited
IFIC Bank Limited
National Bank Limited
United Commercial Bank Limited
NCC Bank Limited
Prime Bank Limited
SouthEast Bank Limited
Al-Arafah Islami Bank Limited
Social Islami Bank Limited
Standard Bank Limited
One Bank Limited
Exim Bank Limited
Mercantile Bank Limited
a) Insurance Companies
c) Investment Banks
Bay Leasing & Investments Limited.
Union Capital Ltd.
First Lease International Limited
Phoenix Leasing Co. Ltd.
Peoples Leasing & Financial Services Ltd.
d) Financial Companies
Industrial Development Leasing Company of Bangladesh (IDLC)
Infrastructure Development Company Limited (IDCOL)
GSP Finance Limited
Delta Brac Housing Finance Corporation Ltd.
Fidelity Assets & Securities Company Limited.
Fareast Finance & Investment Ltd.
LankaBangla Finance Ltd.
Prime Finance & Investment Limited
Bangladesh Industrial Finance Co. Ltd.
e) Mutual Funds
Some categories of mutual funds are:
ICB, 1st ICB Mutual Fund, 2nd ICB Mutual Fund, 3rd ICB Mutual Fund, 4th
ICB Mutual Fund, 5th ICB Mutual Fund, 6th ICB Mutual Fund, 7th ICB Mutual
Fund
ICB Mutual Fund
f) Pension Funds
Pension funds are analyzed as financial intermediaries using a functional
approach to
finance, which encompasses traditional theories of intermediation. Funds
fulfill a
number of the functions of the financial system more efficiently than banks
or direct
holdings. Their growth complements that of capital markets and they have
acted as
major catalysts of change in the financial landscape. Financial efficiency in
this
functional sense is not the only reason for growth. It is also a consequence of
fiscal
incentives and benefits to employers, as well as growing demand arising
from the
ageing of the population.