Overview of financial system in Bangladesh

Page3Overview of Financial System in Bangladesh
Page3

ASSIGNMENT
ON
Overview of financial system in Bangladesh

BY

PANKAZE PADA BHOUMIKE
ID. 11132603

JATIYA KABI KAZI NAZRUL ISLAM UNIVERSITY
DEPARTMENT OF FINANCE AND BANKING
April 2014

LETTER OF TRANSMITTAL

April 9, 2014

To
Md. Masud Chowdhury
Lecturer
Department of Finance & Banking
Jatiya Kabi Kazi Nazrul Islam University
Mymensingh.

Subject: Assignment on overview of financial system in Bangladesh.

Dear Sir,
I have submitted my assignment on "overview financial system in Bangladesh" of course Financial Markets and Institution. I obviously ensure you that this assignment is prepared by me and I do not make any copy from anyone. I ensure that this assignment has enhanced both my knowledge and experience about overall financial system of Bangladesh.

Thanking you for your valuable advice and cooperation.

Yours faithfully

Pankaze Pada Bhoumik
ID: 11132603
Session: 2010-11

………………….

ACKNOWLEDGEMENT

I would like to thank Almighty for His blessings that I was able to finish this assignment. I would also like to thank our Financial Markets and Institution course coordinator, Md. Masud Chowdhury for the guidance and lectures that have given me a clear view on how to document my assignment. I have also come across several individuals and interviewed them for information gathering. I would like to extend my gratitude to Md. Masud Chowdhury because of his willingness to spend his time in answering my questions regarding my assignment.

Last but not least, I would also like to thank our classmates who have helped me in answering questions related to this assignment. Their generosity and assistance are greatly appreciated.

Table of Content
Abstract __________________________________________________________________________05-05
The Financial System in Bangladesh____________________________________________________05-06
Formal Sector______________________________________________________________________07-07
Financial Market____________________________________________________________________07-07
Regulators and Institution_____________________________________________________________08-08
Central Bank_________________________________________________________________08-08
State owned Commercial bank_________________________________________________________08-08
Private Commercial Bank_____________________________________________________________09-13
Specialized Banks___________________________________________________________________14-14
Non-Scheduled Banks________________________________________________________________14-14
Non-Banking Financial Institution______________________________________________________15-15
Insurance Development & Regulatory Authority_____________________________________16-16
Life Insurance Company______________________________________________________________16-16
Non Life Insurance Company__________________________________________________________17-18
Newly Licensed Insurance Companies___________________________________________________19-19
Securities & Exchange Commission_______________________________________________20-20
Micro Finance Institution _______________________________________________________21-36
Semi-formal Sector __________________________________________________________________37-37
Informal Sector _____________________________________________________________________37-37

Abstract
Abstract

The financial services industry has experienced drastic changes over the past few years. The global financial crisis has resulted in massive government interventions, uncovered major frauds, and caused uncertainty among consumers, investors, intermediaries, and regulators. The failures of several significant financial institutions have put greater focus on the important role that prime brokers play in the primary capital markets and the importance of enhanced transparency, strong custody, and internal risk management controls at prime brokers. Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization. So, financial systems of a country most probably strong player to react with such economic demolition like economic recession, financial crisis, inflation & deflation etc. In my Whole report I have tried to focus the financial structures of Bangladesh, the most common way to respond with financial motives with their terminologies.

The Financial System in Bangladesh
The Financial System in Bangladesh

A financial system is a system that to channels funds from lenders to borrowers, to create liquidity and money, to provide a payments mechanism, to provide financial services such as insurance and pensions and to offers portfolio adjustment facilities. A developed financial system is one that has a secure and efficient payment system, security market and financial intermediaries that arrange financing and derivative markets and financial institutions that provide access to risk management instruments.
The present structure of the financial system in Bangladesh comprises of various types of banks, insurance companies, and non-bank financial institutions. Bangladesh Bank is at the top of the banking system and is accountable for assuring prudential administration and central banking activities for all types of banks operating within the banking industry. On the other hand, the Securities and Exchange Commission (SEC) of Bangladesh is the regulatory body for stock-market related activities.
The financial system of Bangladesh is comprised of three broad fragmented sectors:

Financial System in Bangladesh Specialized Financial Institutions1. House Building Financial Corporation (HBFC)2. Palli Karma Sahayak Foundation (PKSF)3. Samabay bank4. Grameen BankStock Exchanges, Stock Dealers & Brokers, Merchants Banks, AMC s, Credit Rating Agencies etc.Micro Finance Institutions
599 MFIsInsurance Companies
18 Life and 44 Non-Life Insurance CompaniesMicrocredit Regulatory Authority
(MFI Authority)Securities & Exchange Commission
(Regulatory of capital market Intermediaries)Insurance Development & Regulatory Authority
(Insurance Authority)Banks
47 scheduled & 4 non-scheduled banksNBFIs
31 NBFIsBangladesh Bank
(Central Bank)Foreign Exchange Market
(Authorized Dealers)Capital Market
(Investment banks, Stock Exchanges, Credit Rating Companies etc.)Money Market
(Banks, NBFIs,Primary Dealers)Regulators & InstitutionFinancial MarketFormal SectorSemi Formal SectorInformal Sector
Financial System in Bangladesh
Specialized Financial Institutions
1. House Building Financial Corporation (HBFC)
2. Palli Karma Sahayak Foundation (PKSF)
3. Samabay bank
4. Grameen Bank

Stock Exchanges, Stock Dealers & Brokers, Merchants Banks, AMC s, Credit Rating Agencies etc.
Micro Finance Institutions
599 MFIs
Insurance Companies
18 Life and 44 Non-Life Insurance Companies
Microcredit Regulatory Authority
(MFI Authority)
Securities & Exchange Commission
(Regulatory of capital market Intermediaries)

Insurance Development & Regulatory Authority
(Insurance Authority)

Banks
47 scheduled & 4 non-scheduled banks
NBFIs
31 NBFIs
Bangladesh Bank
(Central Bank)

Foreign Exchange Market
(Authorized Dealers)

Capital Market
(Investment banks, Stock Exchanges, Credit Rating Companies etc.)

Money Market
(Banks, NBFIs,Primary Dealers)

Regulators & Institution
Financial Market

Formal Sector
Semi Formal Sector
Informal Sector

Formal Sector
Formal Sector

The sectors have been categorized in accordance with their degree of regulation.
The formal sector includes all regulated institutions like Banks, Non-Bank Financial Institutions (FIs), Insurance Companies, Capital Market Intermediaries like Brokerage Houses, Merchant Banks etc Micro Finance Institutions (MFIs). It includes financial market and Regulators & Institution.

Financial Market
Financial Market

The financial market in Bangladesh is mainly of following types:
Money Market: The primary money market is comprised of banks, FIs and primary dealers as intermediaries and savings & lending instruments, treasury bills as instruments. There are currently 15 primary dealers (12 banks and 3 FIs) in Bangladesh. The only active secondary market is overnight call money market which is participated by the scheduled banks and FIs. The money market in Bangladesh is regulated by Bangladesh Bank (BB), the Central Bank of Bangladesh.
Capital market: The primary segment of capital market is operated through private and public offering of equity and bond instruments. The secondary segment of capital market is institutionalized by two (02) stock exchanges-Dhaka Stock Exchange and Chittagong Stock Exchange. The instruments in these exchanges are equity securities (shares), debentures, corporate bonds and treasury bonds. The capital market in Bangladesh is governed by Securities and Commission (SEC).
Foreign Exchange Market: In the foreign exchange market banks are free to buy and sale foreign currency in the spot and also in the forward markets. However, to avoid any unusual volatility in the exchange rate, Bangladesh Bank, the regulator of foreign exchange market remains vigilant over the developments in the foreign exchange market and intervenes by buying and selling foreign currencies whenever it deems necessary to maintain stability in the foreign exchange market.

REGULATORS &INSITUTIONCentral bank

REGULATORS
&
INSITUTION
Bangladesh Bank,
Head Office: Motijheel, Dhaka-1000 Tele: 7125850-79, 7126280-95 7126101-20 Fax: 880-2-9566212
Pursuant to Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central bank of the country, and named it Bangladesh Bank with retrospective effect from 16 December 1971.
Banks
After the independence, banking industry in Bangladesh started its journey with 6 nationalized commercialized banks, 2 State owned specialized banks and 3 Foreign Banks. In the 1980s banking industry achieved significant expansion with the entrance of private banks. Now, banks in Bangladesh are primarily of two types:
Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks. State-owned commercial banks, private commercial banks, Islamic commercial banks, foreign commercial banks and some specialized banks are Scheduled Banks.
State-owned are functioning as nationalist. Here is the list -
1. Sonali bank Limited www.sonalibank.com.bd
Head office: 35-42, 44 Motijheel Commercial Area, Dhaka-1000

2. Rupali bank Limited www.rupalibank.org
Head office: Computer division, 9th floor, 34 Dilkusha C/A, Dhaka1000

3. Agrani Bank Limited www.agranibank.org
Head Office: Motijheel Dhaka-1000 Tele: 9566153-4, Fax: 9563662, 9563658

4. Janata Bank Limited www.janatabank-bd.com
Head Office: Motijheel, Dhaka-1000

Private Commercial Bank
Private Commercial Bank

Private Banks are the highest growth sector due to the dismal performances of government banks (above). They tend to offer better service and products. Here is the list -
1. Uttara Bank Limited www.uttarabank-bd.com
Head Office: 90 Motijheel C/A Dhaka-1000

2. Mutual Trust Bank Limited www.mutualtrustbank.com
Head Office: Ispahani Bhaban 23 Dilkusha C/A, Dhaka-1223

3. Dhaka Bank Limited www.dhakabankltd.com
Head office: Biman Bhaban(1st floor), Motijheel C/A, Dhaka-1000

4. Eastern Bank Limited www.ebl-bd.com
Jiban Bima Bhaban10, Dilkusha C/A, Dhaka 100

5. Dutch Bangla Bank Limited www.dutchbanglabank.com
Head Office: 1, Dilkusha C/A Dhaka-1223

6. Pubali Bank Limited www.pubalibangla.com
Head Office: 26 Dilkusha C/A, Dhaka-1223

7. IFIC Bank Limited www.ificbank.com.bd
Head office: 8, Rajuk Avenue, Dhaka-1000
8. National Bank Limited www.nblbd.com
Head Office: 18, Dilkusha C/A, Dhaka-1223

9. The City Bank Limited www.thecitybank.com.bd

10. NCC Bank Limited www.nccbank.com.bd
Head Office: 7-8, Motijheel C/A, Dhaka-1000

11. Mercantile Bank Limited www.mblbd.com
Head office: 61, Dilkusha C/A, Dhaka-1223

12. Prime Bank Limited www.primebank.com.bd
Head Offiice: Adamjee Court 119-120, Motijheel C/A
Dhaka-1000

13. Southeast Bank Limited www.southeastbank.com.bd
Head Off.: 1, Dilkusha C/A (Floor 3), Dhaka-1223

14. Standard Bank Limited www.standardbankbd.com
Head Office: 19, Dilkusha C/A (Fl. 7), Dhaka-1223

15. One Bank Limited www.onebankbd.com
Head office: Zaman Court 45, Dilkusha C/A, Dhaka-1223

16. Bangladesh Commerce Bank Limited www.bcblbd.com

17. The Premier Bank Limited www.premierbankltd.com
Head Offiice: Iqbal Centre, 42, Kamal Ataturk Avenue, Banani, Dhaka-1213

18. Bank Asia Limited www.bankasia-bd.com
Head office: Rangs Bhaban (Floor 8) 112-116, Old Airport Road, Dhaka-1215
19. Trust Bank Limited www.trustbank.com.bd
Head office: Building No-98, Principal Rd. Dhaka Cantonment, Dhaka
20. Jamuna Bank Limited www.jamunabankbd.com
21. AB Bank Limited www.abbl.com

22. NRB Commercial Bank Limited www.nrbcommercialbank.com

23. NRB Bank Limited www.nrbbankbd.com

24. Meghna Bank Limited www.meghnabank.com.bd

25. Farmers Bank Limited www.famersbanklimited.com

26. Modhumoti Bank Limited www.modhumotbankltd.com

27. South Bangla Agriculture and Commerce Bank Ltd www.sbacbank.com

28. Midland Bank Limited www.midlandbankbd.net

29. United Commercial Bank Ltd www.ucbl.com

30. BRAC Bank Limited www.bracbank.com

There are 8 Islamic Commercial Banks
There are 8 Islamic Commercial Banks

1. 1. Islami Bank Bangladesh Limited www.islamibankbd.com

2. Shahjalal islami bank Limited www.shahajalalbank.com.bd

3. First Security Islami Bank Limited www.fsiblbd.com
Head Office: 23, Dilkusha C/A, Dhaka-1223

4. Export Import Bank of Bangladesh Limited www.eximbd.com
Head Office: Printers Building5, Rajuk Avenue, Dhaka-100

5. Al-Arafah Islami Bank Limited www.al-arafahbank.com
Rahman Mansion 161, Motijheel C/A, Dhaka-1000

6. Social Islami Bank Limited www.siblbd.com

7. ICB Islamic Bank www.icbislamic-bd.com

8. Union Bank Limited www.unionbank.com.bd

These are 9 foreign commercial banks are operating in Bangladesh
These are 9 foreign commercial banks are operating in Bangladesh

1. Citibank NA www.asia.citibank.com/bangladesh/corporate

2. HSBC www.hsbc.com.bd

3. Standard Chartered Bank www.standardchartered.com.bd

4. Commercial Bank of Ceylon www.combank.net

5. State Bank of India www.sbibd.com

6. Habib Bank Limited www.hbl.com/bangladesh

7. National Bank of Pakistan www.npb-bd.com

8. Woori Bank www.bd.wooribank.com

9. Bank Alfalah www.bankalfalah.com

Specialized Banks
Specialized Banks

4 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh.
1. . Bangladesh Krishi Bank www.krishibank.org.bd
Head Office: Krishi Bhaban, 83-84, Motijheel, Dhaka-1000
2. Rajshahi Krishi Unnayan Bank www.rkub.org.bd
Head office: Amin Court, 62-63, Motijheel, Dhaka-1000
3. Bangladesh Development Bank Ltd www.bdbl.com.bd

4. BASIC Bank Limited www.basicbanklimited.com
Head Office: 7-8 Motijheel C/A, Dhaka-1000
Non-Scheduled Banks
Non-Scheduled Banks

The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks.
1. Grameen Bank
Head Office: Mirpur-2, Dhaka
2. Probashi Kallyan Bank

3. Karmasangsthan Bank

4. Progoti Co-operative Land Development Bank Limited (progoti Bank) and

5. Answer VDP Unnayan Bank

Non-Banking Financial Institution
Non-Banking Financial Institution
Non-banking financial institutions, which are not, banks. These institutions cannot perform all functions of banks, which get license to operate under Financial Institution Act, 1993 are termed as Non-banking financial institutions. Here are list of non-banking financial institution.
Uttara Finance and Investments Limited
United Leasing Company Limited (ULCL)
Union Capital Limited
The UAE-Bangladesh Investment Co. Ltd
Saudi-Bangladesh Industrial & Agricultural Investment Company Limited (SABINCO)
Reliance Finance Limited
Prime Finance & Investment Ltd
Premier Leasing & Finance Limited
Phoenix Finance and Investments Limited
People's Leasing and Financial Services Ltd
National Housing Finance and Investments Limited
National Finance Ltd
MIDAS Financing Ltd. (MFL)
LankaBangla Finance Ltd.
Islamic Finance and Investment Limited
International Leasing and Financial Services Limited
Infrastructure Development Company Limited (IDCOL)
Industrial Promotion and Development Company of Bangladesh Limited(IPDC)
Industrial and Infrastructure Development Finance Company (IIDFC) Limited
IDLC Finance Limited
Hajj Finance Company Limited
GSP Finance Company (Bangladesh) Limited (GSPB)
First Lease Finance & Investment Ltd.
FAS Finance & Investment Limited
Fareast Finance & Investment Limited
Delta Brac Housing Finance Corporation Ltd. (DBH)
Bay Leasing & Investment Limited
Bangladesh Industrial Finance Company Limited (BIFC)
Bangladesh Finance & Investment Co. Ltd.
Agrani SME Finance Co. Ltd.

Here are18 Life Insurance Company of Bangladesh
2. Popular Life Insurance Co. Ltd.9/E, Motijheel C/ADhaka-1000Tele: 9554058, 9570696Fax: 95647951.American Life Insurance Co.Alico Building18-20, Motijheel C/ADhaka-1000Tele: 9561791Fax:880-2-9558682, 9558683
2. Popular Life Insurance Co. Ltd.
9/E, Motijheel C/A
Dhaka-1000
Tele: 9554058, 9570696
Fax: 9564795

1.American Life Insurance Co.
Alico Building
18-20, Motijheel C/A
Dhaka-1000
Tele: 9561791
Fax:880-2-9558682, 9558683

4. Delta Life Insurance Co. Ltd.Uttara Bank Bhaban90-91 Motijheel C/ADhaka-1000Fax: 880-2-95622193. Jiban Bima Corporation24, Motijheel C/ADhaka-1000Tele: 9551414, 9551423-24Fax: 880-2-9561325
4. Delta Life Insurance Co. Ltd.
Uttara Bank Bhaban
90-91 Motijheel C/A
Dhaka-1000
Fax: 880-2-9562219

3. Jiban Bima Corporation
24, Motijheel C/A
Dhaka-1000
Tele: 9551414, 9551423-24
Fax: 880-2-9561325

6. Meghna Life Insurance Co. Ltd.Biman Bhaban100, Motijheel C/ADhaka-1000.Fax: 880-2-95558025. Shandhani Life Insurance Co. Ltd.Taranga Complex19, Rajuk AvenueDhaka-1000Fax: 880-2-9554847
6. Meghna Life Insurance Co. Ltd.
Biman Bhaban
100, Motijheel C/A
Dhaka-1000.
Fax: 880-2-9555802
5. Shandhani Life Insurance Co. Ltd.
Taranga Complex
19, Rajuk Avenue
Dhaka-1000
Fax: 880-2-9554847

7. Pragati Life Insurance Co. Ltd.Uttara Bank Bhaban90-91 Motijheel C/ADhaka-1000Tele: 7113243-45Fax: 880-2-71132498. Padma Life Insurance Co. Ltd.Rupali Bima Bhaban7, Rajuk Avenue (Floor-10)Dhaka-1000Tele: 7110816
7. Pragati Life Insurance Co. Ltd.
Uttara Bank Bhaban
90-91 Motijheel C/A
Dhaka-1000
Tele: 7113243-45
Fax: 880-2-7113249

8. Padma Life Insurance Co. Ltd.
Rupali Bima Bhaban
7, Rajuk Avenue (Floor-10)
Dhaka-1000
Tele: 7110816

9. Sunlife Insurance Co. Ltd.BTA Tower (12th fl.)29 Kemal Ataturk AvenueRoad # 17, Banani C/ADhaka – 1213Phone: 9887511, 9892983E-mail: [email protected]. Prime Life Insurance Co. Ltd.29, Dilkusha C/ADhaka-1223 Tele: 9560889
9. Sunlife Insurance Co. Ltd.
BTA Tower (12th fl.)
29 Kemal Ataturk Avenue
Road # 17, Banani C/A
Dhaka – 1213
Phone: 9887511, 9892983
E-mail: [email protected]

10. Prime Life Insurance Co. Ltd.
29, Dilkusha C/A
Dhaka-1223
Tele: 9560889

12. Progressive Life Insurance Company LtdNational Scout Bhaban (4th,5th,6th,7th & 11th Floor), 70/1 Inner Circular Road, Kakrail, Dhaka-1000.
Fax: 880-2-831537311. National Life Insurance CO. LTD.N.L.I. Tower, 54, Kazi Nazrul Islam Avenue,
Karwan Bazar, Dhaka-1215, Bangladesh
Phone : PABX-8158171, 8158189, 8158190.
Fax: 88-02-8144237.
12. Progressive Life Insurance Company Ltd
National Scout Bhaban (4th,5th,6th,7th & 11th Floor), 70/1 Inner Circular Road, Kakrail, Dhaka-1000.
Fax: 880-2-8315373

11. National Life Insurance CO. LTD.
N.L.I. Tower, 54, Kazi Nazrul Islam Avenue,
Karwan Bazar, Dhaka-1215, Bangladesh
Phone : PABX-8158171, 8158189, 8158190.
Fax: 88-02-8144237.

14. Jamuna Life Insurance Co. Ltd.15. Baira Life Insurance Company Ltd.16. Farest Islami life Insurance co. Ltd.17. Golden Life Insurance Ltd.18. Homeland Life Insurance Company Ltd. 13. Rupali Life Insurance Co. Ltd.Rupali Bima Bhaban, 7 Rajuk Avenue,Dhaka-1000
Tel: 9565628
14. Jamuna Life Insurance Co. Ltd.
15. Baira Life Insurance Company Ltd.
16. Farest Islami life Insurance co. Ltd.
17. Golden Life Insurance Ltd.
18. Homeland Life Insurance Company Ltd.

13. Rupali Life Insurance Co. Ltd.
Rupali Bima Bhaban, 7 Rajuk Avenue,Dhaka-1000
Tel: 9565628

Here are 44 Non life insurance companies list
2. Bangladesh Genaral Insurance Co. Ltd.
42, Dilkusha C/A, Dhaka-1000.
Tel: 9550379, 95642131. Bangladesh Co-Operative Insurance Ltd. no site
Sena Kalyan Bhaban, 195, Motijheel C/A, Dhaka- 1000
Tel: 9561121, 9555645
2. Bangladesh Genaral Insurance Co. Ltd.
Tel: 9550379, 9564213

1. Bangladesh Co-Operative Insurance Ltd. no site
Sena Kalyan Bhaban, 195, Motijheel C/A, Dhaka- 1000
Tel: 9561121, 9555645

4. Central Insurance Co. Ltd. no site
Uttara Bank Bhaban, 90-91, Motijheel C/A, Dhaka-1000.
Tel: 9560254, 9567421-23. Bangladesh National Insurance Co. Ltd
21, Rajuk Avenue, Motijheel C/A,Dhaka-1000.
Tel: 9559547
4. Central Insurance Co. Ltd. no site
Tel: 9560254, 9567421-2

3. Bangladesh National Insurance Co. Ltd
21, Rajuk Avenue, Motijheel C/A,Dhaka-1000.
Tel: 9559547

6. Eastern Insurance Co. Ltd.
Tel: 9552759, 9563033-45. City General Insurance Co. Ltd.
Baitul Hossain Building (3rd Floor), 27, Dilkusha C/A, Dhaka- 1000
Tel: 9564033
6. Eastern Insurance Co. Ltd.
Tel: 9552759, 9563033-4

5. City General Insurance Co. Ltd.
Baitul Hossain Building (3rd Floor), 27, Dilkusha C/A, Dhaka- 1000
Tel: 9564033

7. Eastland Insurance Co. Ltd.
Tel: 9563928, 9560048-98. Express Insurance Ltd.
58 Dilkusha C/A (2nd Floor)
Dhaka 1000, Bangladesh.
Phone: 88-02-9552672, 9569546
Fax: 880-2-9568616
7. Eastland Insurance Co. Ltd.
Tel: 9563928, 9560048-9

8. Express Insurance Ltd.
58 Dilkusha C/A (2nd Floor)
Dhaka 1000, Bangladesh.
Phone: 88-02-9552672, 9569546
Fax: 880-2-9568616

10. Green Delta Insurance Co. Ltd.
Hadi Mansion (4th Floor), 2, Dilkusha C/A, Dhaka-1000.
Tel: 9552188, 9560005-69. Federal Insurance Co. Ltd.
122-124, Motijheel C/A, Dhaka-1000.
Tel: 9562877, 9560003-4
10. Green Delta Insurance Co. Ltd.
Hadi Mansion (4th Floor), 2, Dilkusha C/A, Dhaka-1000.
Tel: 9552188, 9560005-6

9. Federal Insurance Co. Ltd.
122-124, Motijheel C/A, Dhaka-1000.
Tel: 9562877, 9560003-4

12. Karnaphuli Insurance Co. Ltd.
Sena Kallyan Bhaban, 195, Motijheel C/A, Dhaka-1000.
Tel: 9561150, 9564808-911. Janata Insurance Co. Ltd.
125, Motijheel C/A, Dhaka-1000.
Tel: 9560141, 9563438
12. Karnaphuli Insurance Co. Ltd.
Sena Kallyan Bhaban, 195, Motijheel C/A, Dhaka-1000.
Tel: 9561150, 9564808-9

11. Janata Insurance Co. Ltd.
125, Motijheel C/A, Dhaka-1000.
Tel: 9560141, 9563438

14. Meghna Insurance Co. Ltd.
73, Motijheel C/A, Dhaka- 1000
Tel: 9554989, 955779613. Mercantile Insurance Company Ltd.
Tel: 9557662-4, 9557665
14. Meghna Insurance Co. Ltd.
Tel: 9554989, 9557796

13. Mercantile Insurance Company Ltd.
Tel: 9557662-4, 9557665

15. Northern General Insurance Co. Ltd.
128, Motijheel C/A, Malek Mansion (2nd Floor), Dhaka-1000.
Tel: 955907716. Paramount Insurance Company Limited
Summit Centre (3rd floor)
18, Kawran Bazar C/A. Dhaka-1215, Bangladesh
Phone :- 8118982, 9137554, 8127189, 9144346
15. Northern General Insurance Co. Ltd.
128, Motijheel C/A, Malek Mansion (2nd Floor), Dhaka-1000.
Tel: 9559077

16. Paramount Insurance Company Limited
Summit Centre (3rd floor)
18, Kawran Bazar C/A. Dhaka-1215, Bangladesh
Phone :- 8118982, 9137554, 8127189, 9144346

18. Phoenix Insurance Co. Ltd.
Purbani Annexe Building, 1/A, Dilkusha C.A, Dhaka 1000
Tel: 956360817. People's Insurance Co. Ltd.
Senakalyan Bhaban, 195, Motijheel C/A, Dhaka-1000.
Tel: 9564797-8
18. Phoenix Insurance Co. Ltd.
Purbani Annexe Building, 1/A, Dilkusha C.A, Dhaka 1000
Tel: 9563608

17. People's Insurance Co. Ltd.
Senakalyan Bhaban, 195, Motijheel C/A, Dhaka-1000.
Tel: 9564797-8

20. Pragati Insurance Limited
Tel: 956138519. Pioneer Insurance Co. Ltd
Jiban Bima Tower,(6th floor), 10 Dilkusha C.A.,Dhaka 1000
Tel: 9557674-5
20. Pragati Insurance Limited
Tel: 9561385

19. Pioneer Insurance Co. Ltd
Jiban Bima Tower,(6th floor), 10 Dilkusha C.A.,Dhaka 1000
Tel: 9557674-5

22. Provati Insurance Co.Ltd.
Khan Mansion, (11th floor), 107 Motijheel C.A, Dhaka 1000
Tel: 9559561-321. Prime Insurance Company Ltd.
63 Dilkusha C.A., Dhaka 1000
Tel: 9552742
22. Provati Insurance Co.Ltd.
Khan Mansion, (11th floor), 107 Motijheel C.A, Dhaka 1000
Tel: 9559561-3

21. Prime Insurance Company Ltd.
63 Dilkusha C.A., Dhaka 1000
Tel: 9552742

24. Reliance Insurance Limited
BSB Building, 8 Rajuk Avenue, Dhaka-1000.
Tel: 9560105-623. Purabi General Insurance Co. Ltd.
23 Motijheel C.A., Dhaka- 1000
Tel: 9566006-7
24. Reliance Insurance Limited
BSB Building, 8 Rajuk Avenue, Dhaka-1000.
Tel: 9560105-6

23. Purabi General Insurance Co. Ltd.
23 Motijheel C.A., Dhaka- 1000
Tel: 9566006-7

26. Sadharan Bima Corporation
33, Dilkusha C/A, Dhaka-1000.25. Rupali Insurance Co. Ltd
Tel: 9565628
26. Sadharan Bima Corporation

25. Rupali Insurance Co. Ltd
Tel: 9565628

27. United Insurance Co. Ltd.
Camellia House, 22 Kazi Nazrul Islam Avenue, Dhaka-1000
Tel: 862159
27. United Insurance Co. Ltd.
Camellia House, 22 Kazi Nazrul Islam Avenue, Dhaka-1000
Tel: 862159

37. Global Insurance38. Islami Commercial Insurance co. Ltd39. Nitol Insurance Company Ltd40. Peoples Insurance Company Ltd41. Pramount Insurance Company Ltd42. Republic Insurance Company Ltd43. Takaful Islami Insurance Ltd.44. Union Insurance Company Ltd28. Agrani Insurance Company Ltd29. Asia Insurance Ltd30. Asia pacific Gen Insurance Company Ltd31. Bangladesh National Insurance Company Ltd32. Central Insurance Company Ltd33. Islami Insurance Bangladesh Ltd.34. Crystal Insurance Company Ltd35. Desh Gen. Insurance Company Ltd36. Mercantile Insurance Company Ltd
37. Global Insurance
38. Islami Commercial Insurance co. Ltd
39. Nitol Insurance Company Ltd
40. Peoples Insurance Company Ltd
41. Pramount Insurance Company Ltd
42. Republic Insurance Company Ltd
43. Takaful Islami Insurance Ltd.
44. Union Insurance Company Ltd

28. Agrani Insurance Company Ltd
29. Asia Insurance Ltd
30. Asia pacific Gen Insurance Company Ltd
31. Bangladesh National Insurance Company Ltd
32. Central Insurance Company Ltd
33. Islami Insurance Bangladesh Ltd.
34. Crystal Insurance Company Ltd
35. Desh Gen. Insurance Company Ltd
36. Mercantile Insurance Company Ltd

Newly Licensed Insurance CompaniesAt a time when the financial sector needs further consolidation and tight supervision, the government has issued license for 11 insurance companies. There have nine life & two general insurance companies.

Newly Licensed Insurance Companies
New insurance companies
1. Sonali Life Insurance,
7. Mercantile Islami Life Insurance,
2. Taiyo Summit Life Insurance,
8. NRB Global Life Insurance,
3. Protective Life Insurance,
9. Guardian Life Insurance,
4. Chartered Life Insurance,
10. Best Life Insurance,
5. Zenith Islami Life Insurance,
11. Sikder General Insurance Company and,
6. Sena Kalyan General Insurance Company.



The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange and Chittagong Stock Exchange (CSE).
The commission is statutory body and attached to the Ministry of Finance.
It regulates the business of the Stock Exchange or any other security market.

List of Micro Finance Institution
List of Micro Finance Institution

Definition of Microfinance
A type of banking service that is provided to unemployed or low- income individuals or groups who would otherwise have no other means of gaining financial services . Ultimately, the goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.
Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are:
List of Licensed MFIs as of 20 February, 2014

Serial No
Name of MFIs

1
Shishu Niloy Foundation
2
Posobid Unnoyon Sangstha

3
United Development Initiatives for Programmed Actions-(UDDIPAN)
4
Hitaishi-Bangladesh
5
Sonali Unnayan Foundation (SUF)
6
Samadhan
7
Integrated Service for Development of Children & Mothers (ISDCM)
8
Jagorani Chakra Foundation
9
UPAMA (Unnayaner Pathe Manush)
10
CARSA Foundation
11
Sojag
12
Bajitpur Rural Advancement Society (BRAS)
13
Charcha
14
Social Upliftment Society (SUS)
15
Grameen Unnayan Sangstha (GUS)
16
BEDO
17
Village Education Resource Center
18
Shakti Foundation for Disadvataged women
19
Bridge M.F.I
20
Prottoy Unnyan Sangstha
21
Dabi Moulik Unnayan Sangstha
22
Wave Foundation
23
Development Initative for Social Advancement (DISA)
24
Society for Social Service (SSS)
25
Rural Reconstruction Foundation
26
DRISHTIDAN
27
Page Development Centre
28
Bangladesh Association of Women for Self Empowrment (BAWSE)
29
ENDEAVOUR(Ensure Development Activities for Vulnerable Under Privileged Rural People )
30
Action in Development- AID
31
Dwip Unnayan Sangstha
32
ATMABISWAS
33
Khulna Mukti Seba Sangstha (KMSS)
34
Ghani Welfare Foundation
35
Palli Samonnaya O Shikkha Kallyan Parishad (Pasashik Parsad)
36
SHUSHILAN
37
Organization for Social and Economical Development (OSED)
38
Barendrabhumi Samaj Unnyan Sangstha (BSDO)
39
Support
40
Association for Rural Advancement in Bangladesh (ARAB)
41
Salvation of Women Local Association (SAWLA)
42
Social And Economic Enhancement Programme-Seep
43
SKS Foundation
44
Bangladesh Association for Social Advancement (BASA)
45
Social Advance Through Unity-SATU
46
Progoti Samajkallyan Sangstha (PSS)
47
SETU
48
Jagrata Juba Shangha (JJS)
49
Samannita Unnayan Seba Sangathan (SUSS)
50
Shapla Gram Unnayan Sangstha
51
Sancred Welfare Foundation (SWF)
52
Communty Health Care Project (CHCP)
53
Association for Renovation of Community Health Education Services (ARCHES)
54
Unnayan Prochesta
55
Association for Under-Privileged People-AUP
56
Network for Universal Services and Rural Advancement
57
Soochana (Social Organization for Children & Nation)
58
New Era Foundation
59
Habigonj Unnayan Sangstha
60
Sheva Nari O Shishu Kallyan Kendra
61
Haidar Akter Banu Memorial Kallyan Foundation
62
BRAC
63
Association For Realisation of Basic Needs-ARBAN
64
Manob Sakti Unnayan Kendro (MSUK)
65
Coastal Association For Social Transformation Trust (COAST Trust)
66
Palashipara Samaj Kallyan Samity
67
BIVA
68
LUSTRE
69
Ashanti Samaj Kallyan Sangstha
70
Rajshahi Social Development Program (RSDP)
71
Help The Distress
72
Rangpur Unnayan Samajik Sangstha (RDSS)
73
Community Development Program (CDP)
74
Association of Development for Economic & Social Help (ADESH)

75
Basic Organization Network for Development and Humanitarian Aid for Nation
76
Samaj Unnayan Kendra (SUk)
77
Grameen Seba Sangstha
78
Bangladesh Institute of Research & Development
79
Uttara Development Program Society (UDPS)
80
Environment Council Bangladesh-EC Bangladesh
81
Human Association for Rural Development
82
Social Earn Baking Association (SEBA)
83
Bikalpa Development Society (BDS)
84
Palli Bandhan Kendra
85
Gana Unnayan Kendra (GUK)
86
Unnayan Sangha
87
Taltala Jubo Unnayon Sangothon
88
Integrated Rural Development Organization (IRDO)
89
Padakkhep Manabik Unnayan Kendra
90
Ad-din Welfare Center
91
Centre for Development Innovation and Practices
92
CHIRANTANI
93
BARSA ( Bangladesh Association of Rural and Social Advancement)
94
ASA
95
Pabna Protishsruti
96
Association for Advancement & Development
97
Community Development Centre (CODEC)
98
Young Economic Society (YES)
99
Thengamara Mohila Sabuj Sangha (TMSS)
100
Poverty Alleviation Through Participatory Rural Initiatives

101
Aloha Social Services Bangladesh (ASSB)
102
Homeland Association for Social Improvement
103
Gono Kalyan Sangstha
104
Society for Family Happiness & Prosperity
105
Centre for Natural Resource Studies
106
UNNAYAN
107
Bangladesh Social Development Academy (BSDA)
108
Noakhali Rural Development Society
109
Sagarika Samaj Unnay Sangstha
110
IDEAL (Institute of Development Education for Advancement of Landless)
111
Rural Advancement Committee for Bangladesh
112
Saptagram Nari Swanirvar Parishad
113
Saat Ichchha
114
National Development Council (NDC)
115
Holodia Mohila Unnayan Sangstha
116
Azad Unnayon Sangstha (AUS)
117
Pariber O Shishu Kallyan Kendra
118
Assistance for Social Organization and Development –ASOD
119
Chiristian Service Society (CSS)
120
ADAMS (Association for Development Activities of Manifold Social Work)
121
Karmarjan
122
Aungkur Palli Unnayan Kendra (AUNGKUR)
123
Program for Community Development (PCD)
124
Nari-O-Shishu Kallyan Sangstha (NSKS)
125
Rova Foundation
126
Nazir (Natun Zibon Rochi)

127
Grameen Prosar Society
128
Desha Shechcha Shebi Artho-Samajik Unnayan O Manobik Kallyan Sangstha
129
Sheba Manab Kallyan Kendra
130
Jugantar Samaj Unnayan Sangstha
131
Prottyashi
132
Association for Integrated Development-Comilla
133
Gono Kallyan Trust
134
Nari Uddog Kendra
135
Samajik Sheba Shongothon
136
Koinonia
137
Village Association for Social Development (VASD)
138
Society for Development Initiatives
139
Sajida Foundation
140
OCAB Society
141
Unity for Social & Human Action
142
Nabolok Parishad
143
Peoples Oriented Program Implementation (POPI)
144
Ghashful
145
Grameen Progress
146
Participatory Development Initiatives of the Masses (PDIM)
147
Association for Socio-Economic Advancement of Bangladesh (ASEAB)
148
Udoy (Akti SamajKallyanmulak Protisthan
149
Nobo Jibon
150
Resource Integration Centre (RIC)
151
Nowjuwan
152
Progress (Akti Samaj Unnayanmulak Sangstha)
153
Centre for Action Research-Barind (CARB)
154
Community Organization for Livelihood Improvement
155
Hanum Health Development Foundation
156
Eskander Welfare Foundation
157
Association For Social Organization In Paharpur (ASOP)
158
Palli Agragami Sangstha
159
Development Network in Bangladesh (DNB)
160
Al-Falah Aam Unnayan Sangstha
161
Paribar Unnayan Sangstha (FDA)
162
Grameen Unnayan Prakalpa (GUP)
163
Gram Unnayan Karjakram (GRAUK)
164
Environment & Agricultural Development Asssociation (EVDA)
165
Gano Progoti (GP)
166
Gram Bikash Kendra
167
CARITAS Bangladesh
168
Development Organisation of the Rural Poor (DORP)
169
Organization for Social Advancement & Cultural Activities
170
Organization for Rural Advancement (ORA)
171
Sangram (Sangathita Gramunnayan Karmasuchee)
172
Agragati
173
Pally Bikash Kendra
174
Habitat & Economy Lifting Programme (HELP)
175
RDRS Bangladesh
176
Palli Sohojogi Bishoyak Sangstha (ARCO)
177
Prodipan
178
Gandhi Ashram Trust (GAT)
179
Shaplaful
180
Palli Pragati Samity
181
Shetu Bangladesh

182
ASPADA-Poribesh Unnayan Foundation
183
Ashrai
184
Grameen Manobic Unnayan Sangstha (GRAMAUS)
185
Eco-Social Development Organization (ESDO)
186
Poor Welfare Organization (PWO)
187
Sabuj Bangla
188
Rural Economic Support & Care for the Under Privileged
189
Shotophool Banlgladesh
190
Gano Milan Foundation (GMF)
191
Focus Cultural Society
192
Polly Sheba Shangstha
193
Village Development Foundation (VDF)
194
Sachetan
195
Kri O Samaj Kallyan Sangstha
196
Community Development And Health Care Centre (CDHC)
197
Social Organization for Voluntary Advancement (SOVA)
198
Shishu Sasthya Foundation, Bangladesh
199
Come to Work-CTW
200
Mamata
201
Sram Unnayan Sangstha
202
Doel Development Organisation for Equity & Love
203
Centre for Advanced Research and Social Action (CARSA)
204
National Development Programme (NDP)
205
Mother Advancement Assistance (MAA)
206
Sabalamby Unnayan Samity
207
Satkhira Unnayan Sangstha (SUS)
208
Association for Bangladesh Social Advancement
209
Association for Community Development-ACD

210
Shariatpur Development Society (SDS)
211
Voluntary Organization for Rural Development (VORD)
212
Jatiyo Kollyan Sangstha (JAKAS)
213
Anando
214
Manabik Shahajya Sangstha
215
Bangla-German Sampreet (BGS)
216
Voluntary Organization for Social Development (VOSD)
217
Step for Advanced Future and Economy (SAFE)
218
Dak Diye Jai
219
Local Initiative for Empowerment
220
Srizony Bangladesh
221
Mousumi
222
Development of Integrated for Social Association
223
Aloshikha Rajihar Samaj Unnayan Kendra
224
Voluntary Paribar Kalyan Association (VPKA)
225
Access Toward Livelihood and Welfare Oraganisation (ALWO)
226
Centre for Community Development Assistance (CCDA)
227
SOLIDARITY
228
Proyas Manobik Unnayan Society
229
Integrated Development Foundation (IDF)
230
Develoment for Society
231
Digonta
232
Dudumari Gram Unnayan Sangstha
233
Voluntary Association for Rural Development Project (VARP)
234
Pally Unnayan Samaj Kallyan Sangstha
235
Poverty Alleviation Drive, PAD-TANGAIL
236
Shakaler Jannya Kallyan
237
HEED Bangladesh
238
ntegrated Social Welfare Association (ISWA)
239
Abolombon Manob kalyan Shangstha
240
Patakuri Society
241
Rural Development and Welfare Foundation (RDWF)
242
Bangladesh Extension Education Service (BEES)
243
Action for Human Development Organization (AHDO)
244
Daridra Bimochon Shangstha
245
Suchana Samaj Unnayan Sangstha
246
Programme for Human Establishment (PHES)
247
Socio Economic Development Action Program
248
Life Association
249
Mukti Cox'sbazar
250
Gram Unnayan Karma (GUK)
251
Family Development Service & Research
252
Grameen Jano Unnayan Sangstha
253
Ahead Social Organization (ASO)
254
Uttaran
255
Joypurhat Rural Development Movement
256
Society for Projcet Implementation Research Evaluation & Training (SOPIRET)
257
Palli Progoti Shahayak Samity
258
Bangladesh Rural Youth Welfare Organization
259
Palli Rakkha Sangstha (PARAS)
260
Society for Action Research and Development
261
Notun Shathi
262
Social Advancement and Village Economy (SAVE)
263
Leya Health & Education Development Foundation
264
Socio Economic Backing Association (SEBA)
265
Buro Bangladesh
266
Sammannita Samaj Unnayan Sangstha (ICDA)

267
Rural Health Education and Credit Organization (Rheco)
268
Rural Ecnomic Development Association (REDA)
269
Anirban Samaj Unnayan Sangstha
270
Chiristian Commission for Development in Bangladesh (CCDB)
271
Blind Education and Rehabilitation Development Organization (BERDO)
272
Sthanio Unnayan Sangstha
273
Annaya Samaj Kallyan Sangstha (ASKS)
274
Dhaka Ahsania Mission
275
SAHAI- Sesshashebi Pally Unnayan Sangstha
276
South Asia Partnership-Bangladesh
277
Alternateive Development Initiative
278
Bandhu Kallyan Foundation (BKF)
279
Muktipath Unnayan Kendra
280
PRISM Bangladesh Foundation
281
Self-Help & Rehabilitation Program
282
Kushtia Palli Unnayan Sangstha
283
Janoseba Society
284
Swanirvar Bangladesh
285
Palli Mongal Karmosuchi (PMK)
286
Palli Sree
287
OPCA ( Organization for the Poor Commuinity Advancement)
288
Mofossal Unnayan Sangstha
289
Social Advancement for People's Liberation Agency (SAPLA)
290
The Institute of Rural Development

291
Society For Advancement Of Rural Area (SARA)
292
SEBA- Social Edification of Benign Assimilation Soceity (SEBA)
293
Ansar Ali Foundation for Integrated Development
294
Centre for Development Services (CDS)
295
Assistance for Slum Dwellers (ASD)
296
Dhrubo Society
297
Aushgara Unnayan Sangstha (AUS)
298
Jugabani Samaj Kallyan Sangstha (JSKS)
299
Step Towards Empowerment of the Poor (STEP)
300
Banchte Shekha
301
Unnayan Sahayak Sangstha (USS)
302
Bangladesh Samajik Samannay Sangstha Foundation (BASCO Foundation)
303
Palli Shishu Foundation of Bangladesh (PSF)
304
Save Our Society
305
Samakal Samaj Unnayan Sangstha (SSUS )
306
Jagarani Mohila Kallyan Sangstha (JMKS)
307
Young Power in Social Action (YPSA)
308
Mozaharuddin Multicraft Centre
309
Zagoroni
310
Varp (Voluntary Association for Rural People)
311
Manab Seba Ovijan
312
Bangladesh Islamic Youth Society (BIYS)
313
SOMAN
314
Islami Social Development Organization (ISDO)
315
Society Development Committee (SDC)

316
AMDA Health & Environment Development Society
317
Nowabenki Gonomukhi Foundation (NGF)
318
Bastob Initiative for Peoples Self Development
319
Nijera Shikhi
320
Shatabdee Palli Unnayan Sangstha
321
DIPSHIKHA "Non-Formal Education, Training and Research Society for Village Development
322
Dip Shetu
323
Village & City Development Society (VCDS)
324
Primary Health Care Organization
325
Partner
326
Banglar Mela Sangstha
327
Bangladesh Development Society (BDS)
328
Centre for Rehabilitation Educatioin Earning Development (CREED)
329
Manab Sampad Unnayan Kendra (MASUK)
330
CEDAR (Concern for Environmental Development and Research)
331
Mukti Nari-O-Shishu Unnayan Sangstha
332
Mohila Bohumukhi Shikkha Kendra(Mohila Bohumukhi Shikkha Kendra)
333
Samata Unnyan Sangstha
334
Centre for Mass Education in science
335
Social Welfare and Economical Development Organization
336
Society for Social Development and Economy
337
Muslim Aid-UK

338
Dushtha Shasthya Kendra (DSK)
339
Proshikkan Karmasangsthan O Artha-Samajic Unnayan Sangstha (PROKAS)
340
SERWTCI - Self-Employment for Rural Destitute Women Through Cottage Industries
341
Rural Development Sangstha (RDS)
342
Environmental And Socio Economic Network (ESEN)
343
Health And Human Resource Development Project
344
Sonali Bhabishyat
345
Nishkriti
346
Bangladesh Nari Progati Sangha
347
Health, Education & Economic Development Organization (HEEDO)
348
Mukti Parishad
349
Development Actions for Nation Towards Advancement (Deganta)
350
Palli Bhandhu Unnayan Sangstha (PBUS)
351
Dynamic Welfare Society (DAS)
352
Sonali Unnayan Foundation
353
World Concern
354
Mahila Sanghati Parishad
355
Abdul Momen Khan Memorial Foundation
356
Rural People's Development Society
357
Report for Development Society
358
BILAS (Bikalpa Life Advancement Society)
359
Noakhali Rural Action Society (N-RAS)

360
Hilful Fuzul Samaj Kallyan Sangstha (HFSKS)
361
Sachsa Sebi Palli Unnayan Sangstha – PIPASA
362
Banaful Social Welfare Organization (BSWO)
363
Newsun Economic Development & Organization (NEDO)
364
Prattasha Samaj Kallyan Sangstha
365
Society for Particepatory Econimic Social Development
366
Initiative for People's Development
367
Shahajira Mohila O Shishu Unnayan Sangstha (SMSUS)
368
Akota Samaj Unnayan Kenddra (ASUK)
369
Integrated Volunteers for Social Advancement
370
Gono Unnayan Prochesta (GUP)
371
ARS Bangladesh
372
Adarsho Manob Kallyan Sangha
373
Santal Mission Norwegian Board
374
Jana Kalyan Sangha (JKS)
375
Sangkalpa Trust
376
Bandhan Sangstha
377
Artha-Samajik Unnayan Sangstha
378
Rural Economic Development Program (REDP)
379
Assistance for Human Resource Development With Technology (AHRDT)
380
Society of Renaissa Bangladesh
381
UJAN (Akti Manab Kallyan Sangstha)
382
Perfect Development Foundation
383
Dewanganj Gano Shahajjya Sangstha (DGSS)
384
Noble Education & Literary Society

385
Suryasarathi Foundation
386
NEED
387
Protiggya Parishad
388
Naria Unnayan Samity (NUSA)
389
Friends in Village Development Bangladesh
390
Socio Economic Development Agency (SEDA)
391
Human Care Initiatives
392
Shawdesh Unnayan Kendra-SUK
393
Jibon Samaj Kallyan Sangstha
394
Karmojibi Kallyan Sangstha (KKS)
395
Resource Development Foundation (RDF)
396
Manob Kallyan Sangstha (MKS)
397
Bangladesh Association for Sustainable Development (BASD)
398
Rural Economic Development Aid Society (REDAS)
399
The Coastal Rural and Urban Poor Development Association (The Crupda)
400
United Human Social Advancement Foundation
401
Association for Women Empowerment and Child Right's (AWAC)
402
Progoti Kendro
403
Faridpur Development Agency (FDA)
404
Proyash
405
Palli Unnayan Parishad
406
Integrated Social and Legal Aid for Muslim
407
Billhamia Social Development Sangstha (BSDS)
408
Jano Hitoishi Sangstha
409
Barnaly
410
Bangio Gonounnayan samity
411
Grass-root Level Development Programme (GLDP)
412
Association for Social Development (ASD)
413
Grameen Matsho O Pashusampad Foundation

414
Modern Development Organization (MDO)
415
Ashataru Samaj Unnayan Society
416
Grameen Samaj Unnayan Sangstha
417
Participatory Development Organization
418
Grameen Krishi Foundation
419
Society for Peace & Charity (SPC)
420
Rangpur Health & Educationi Improvement Society (SHIRE)
421
Bangladesh Grameen Seba Sangstha
422
Development of Ideal Muslim in Bangladesh
423
Shanti Prio Sangstha
424
Malancha Foundation of Bangladesh
425
Shital Kamramukhi Unnayan Sangstha
426
Nabaratna Foundation
427
Shanti Uddyog Trust
428
Society for Development of Self Reliance in Bangladesh (SDS)
429
Socio-Economic And Environment Development Sangstha
430
Eso Gori Unnayan Sangstha (AGUS)
431
Shiropa Development Society
432
AVA Development Society
433
Poverty Alleviation and Social Advancement Association
434
Mine Bohumukhi Samaj Kallan Samity (MINE)
435
Parash Moni Samajik Unnayan Sangstha
436
DRISTI
437
Stitching Land Ontwikkelings Project Bangladesh
438
Dustha Paribar Unnayan Sangstha
439
'Rupa'' Rural & Urban People's Association (RUPA)
440
Bhumija Foundation
441
Shakharunjo Samaj Unnayan Sangstha (SSUS)

442
Bahumukhi Desh Unnayan Sangsad
443
Nabila Development Foundation of Bangladesh
444
Feni Shasthya O Shikkhan Unnayan Foundation
445
USA
446
Badalgachhi Manob Kallyan Sangstha
447
Bangladesh JanaKallyan Songstha (BJS)
448
Underprivileged Childern's Educational Programs (UCEP)
449
Bani Social Development Foundation
450
Egeya Chala
451
Gouno Unnayan Foundation
452
Development Organization of Rural Peoples (DOORP)
453
Maitree Palli Unnayan Sangathon (MPUS)
454
Jamuna Social Foundation
455
Chatana Mohila Unnayan Sangstha
456
Grameen Economic And Social Advancement (GESA)
457
Sotodol
458
Sneha Neer Sangstha
459
Gram Bikash Sangstha (GBS)
460
Society for Unhappy & Needy
461
ANTAR Society for Development
462
Society For Urban And Rural Advancement
463
Soul Foundation For Disadvantaged Womenn
464
INSAF
465
Peoples Development Society
466
CLOG (Children Life Organization of Genus)

467
Malek Jobeda Foundation
468
NEDA (Natore Economic Development Association)
469
Society for Disadvantage Origins
470
Grameen Krishok Sohayak Sangstha (GKSS)
471
Grameen Alo
472
Foundation for Welfare Activities & Development
473
North Glint Education Development Foundation
474
Namuja Orthonoitic Unnayan Sangstha (NEDO)
475
United Social Advancement
476
Society for Health Extension & Development (SHED)
477
HOPE
478
Dustho Kallayn Sangstha (DUKS)
479
Pathokoli Sangstha
480
Tribedi Mahila Samaj Unnayan Sangstha
481
Gazipur Unnayan Sangstha (GUS)
482
Tarango
483
Organization for Social Advancement (OSA)
484
Alokon
485
Church of Bangladesh Social Development Programme
486
Grameen Alo Sonstha
487
Bhagya Unnayan Shangstha
488
Abdul Hai Zahura Welfare Foundation
489
Seba Environment Development Society
490
Social Development Association
491
Socio Economic Health Education Organization
492
Society for Social Advancement of Rural People

493
Nirman Sangathan
494
Institute of Integrated Rural Development
495
Social Advancement for Village Environment (SAVE)
496
Eden Education and Health Foundation
497
Alo Manabik Unnayan Kendra (ALO)
498
Kakon Bahumuki Unnayan Songstha (KBUS)
499
Din Bandhu Society
500
Social Assistance and Rehabilitation for the Physically Vulnerable
501
Banupur Nayapara Janosaba Sangstha
502
Society for Assistance to the Distressed Humanity
503
Manobsampad Kallan Sangstha (MAKS)
504
Samajik Sachetona O Palli Unnayan Karmasuchi (SARD)
505
Projukti Peeth
506
Samaj Unnayan Procesta
507
Sisa Jubo Samaj Kallayan Sangstha
508
Thanapara Swallows Development Society
509
Young Women's Christian Association
510
Seva Manabik Unnayan Kendra
511
Panchbibi Upazila Adibashi Multipurpose Development Organization(PUAMDO)
512
Palli Kormo Unnayan Sangstha
513
Crescent
514
Manob Sheba Shangstha
515
Ashar Alo Unnayan Sangstha

516
Jhaudia Gram Unnayan Sangstha
517
Swadesh Unnayan Sangstha-Gopalgonj (SUSG)
518
Bangladesh Association for Community Education (BACE)
519
Samannita Samaj Unnayan Kendra
520
Bangladesh Palli Unnayon Foundation (B. P. D. F)
521
Save Our Life
522
Uttarayan Janakallyan Mohila Samity
523
Kheya (Samaj Unnayan Sangstha)
524
New Initiative for Empowerment of the Poor
525
Uddyaog Foundation
526
Protisruti Manobik Bikash Sangstha
527
Gono Unnayan Sangstha
528
Dhaka Rural Advancement Programs Society
529
"ALAP"- Association for Landless and Poor
530
Austha Manabik Unnayan Kendra
531
"Saviour" (SAVIOUR)
532
Nari Maitree
533
"Assistance for the Livelihood of the Origins" (ALO)
534
"Udayan Sangstha"
535
Poribar Kallyan Sahayak Samittee (PKSS)
536
Rural Development Society
537
Nirmol Foundation
538
Need Foundation
539
S,D,C, Society Development Committee

540
Center for Rural Service (C,R,S)
541
"Red" "RED"
542
"Social Welfare Advancement Committee" (SWACO)
543
Moulik Babosthapona Sangstha (B,M,S)
544
Udayan Samity (US)
545
Bhandaripara Samaj Unnayan Sangstha
546
Gramer Alo
547
Social Development Organization (S.D.O)
548
Isamati Samaj Unnayan Sangstha
549
Jagoroni Somaj Unnayan Sangstha
550
Association for Social Development (A.S.D)
551
Somaj Unnoyan Karjocrom (SUK)
552
Oriental Foundation (ORIENTAL FOUNDATION)
553
Grameen Jono Unnayan Sangstha
554
"Alore Patha"
555
Haor Samaj Unnayan Karmasushi
556
Basundhara Kallyan Foundation (BKF)
557
Proshika Manabik Unnayan Kendro
558
Khandokhetro Samajic Unnayan Sangstha (K.S.D.O.)
559
Nirapad Islami Gram Unnyon Sangstha
560
SAGAR
561
NEED Manobik Unnayan Kandra
562
Briste
563
Narail Ashar Alo Foundation

564
Karatoa Polly Unnoyan Shangstha
565
Swakalpo Society
566
Nirmola Dustha Kallayan Sangstha
567
"CDO" (Community Development Organization)
568
RISDA- Bangladesh
569
Grameen Sangstha
570
Prantic Unnayan Society
571
Pally Kallyan Sangstha
572
Homeland Development Organization
573
Protidwhani Somaj Unnayan Sangstha
574
Agrapathik Development Foundation
575
Matreeseba Sangstha
576
Sammilon Foundation
577
Social Development Association
578
Tekshoi Unnayan Sangstha
579
Poribar Unnayon Foundation (F,D,F)
580
Poor Relief Services & Health Assistance Society
581
Centre for Integrated Programme & Development (CIPD)
582
Protibandhi Kallyan Kendro
583
Village Development Mohila Shangathan (VDMS)
584
PeopleÕs Welfare Foundation
585
Rangpur Vogibalapara Unnayan Shanghtha (R.V.D.S.)
586
Gender Relation Advancement & Marginalized Development Society
587
Disabled Rehabilitation and Research Association (DRRA)
588
Dipti Foundation

589
Unit for Social Advancement (USA)
590
Center for Community Development & Research (C,C,D,R)
591
Bhaluka Foundation
592
Social Development Programme
593
Gano Kallayan Society (GKS)
594
Ancholic Polli Unnayan Sangstha (APUS)
595
Khandaker Kallyan Trust and Organization
596
Lal Hossain Chowdhury Memorial Foundation
597
Rural Youth Development Organization (RYDO)
598
Ulashi Sreejony Sangha
599
Organization-for-the Poor Advancement Committee (OPAC)
600
United Model Society
601
Beneficiary's Friendship Forum (B,F,F)
602
Palli Bikash Foundation (PBF)
603
Nawbagonj Integreted Poverty Aleavation Foundation
604
Association of Voluntary Actions for Society (AVAS)
605
Basantapur Polli Sheba Sangstha
606
Srijan Mohila Sangstha
607
Gonoshasthaya Kendra
608
Mirzapur Paribesh Unnayan Foundation
609
Relation
610
Tarana Trust
611
Manob Unnayan Karmosuchi
612
Dharani Samaj Kallayan Sangstha
613
Women Job Creation Centre

614
Palli Kallyan Shikkha Society (P.K.S.S)
615
Padma-Gorai Manobik Unnayan Sangstha
616
Moharam Ali Memorial Foundation
617
North Bengal Rural Development Society (N.R.D.S)
618
Amra Kaj Kory (A,K,K)
619
Chhatihati Nabo Uddipon Sangha
620
Al Kariem Shikkha O Paribesh Unnayan Foundation
621
Retired Grameen Banker's Foundation
622
Voluntary Activities for Social & Human Advancement Foundation
623
Social Association for Future Establishment (SAFE)
624
Jamuna Samaj Kallyan Sangstha
625
Shikha Samaj Kalyan Sangstha
626
Social & Cultural Development Foundation (S.C.D.F)
627
Esamoti Human Development Foundation
628
Alor Nir Somity
629
Agragati Seba Sangstha
630
BADHAN GRAM UNNAYAN FOUNDATION
631
Shamoli Polli Unnayan Sangstha
632
Nirapod Samaj
633
Barendra Advancement Integrated Committee (BAIC)
634
Kaduty Bazar Khudra Babshayee Samiti
635
SHESO

636
Disa Integrated Social Advancement Foundation
637
Basic Development Society
638
Rural Development Associate (R,D,A)
639
Bakergonj Forum
640
Udayan-Bangladesh
641
Samannita Attonirvorsheel Samaj Unnyon Sangstha (SISDA)
642
Bangladesh Agricultural Working Peoples Association (BAWPA)
643
Manab Unnayan Kendra
644
Shusamaj Foundation
645
Seba Artha Samajik Unnayan Sangstha
646
Pally Unnayan Foundation
647
Campaign for Sustainable Development (CSD)
648
Agrodut Foundation
649
Rural Advancement Committee (RAC)
650
Sristy (SRISTY) SOCIETY FOR RURAL IMPROVEMENT AND STABILITY
651
Disa Bangladesh
652
Rupa
653
Sanchayan Unnayan Sangstha (SUS)
654
Graush
655
Supta Protiva Bikash Sangstha
656
Technical Assistance For Rural Development
657
Joutha Unnayan Prochesta (JUP)
658
Tamanna Foundation

659
Social Development Committee (SDC)
660
Adorsha Foundation
661
Bongram Samajik Unnayn Sangstha (B,S,U,S)
662
Palli Unnayan Foundation (R.D.F)
663
Help Bangladesh
664
Joutha Udyog
665
Agraha Unnayan Sangstha
666
Gono - Unnayan Academy
667
"SAFE" Social Activities for Environment
668
Nazrul Smriti Sangsad (N.S.S)
669
Organization for Social Peace
670
Shesh Sombol Rokhkha
671
Universal Social Helping Association (USHA)
672
Sachatan Shahajjo Sangstha
673
Manab Kallayan Sangstha Comilla (MAKS COMILLA)
674
Poor Humans Integrated Social Welfare Organization
675
SHEFALI MOHILA KALLYAN SHANGHO
676
PLABAN POLLI UNNAYAN KORMOSUCHI
677
Sustainable Upliftment Initiative Trust 'SUIT'
678
JANATA PALLI UNNAYAN SHANGSTHA
679
LOCAL DEVELOPMENT PROGRAM(L.D.P)
680
Chaltya Shekha
681
Development Activities of Society-DAS
682
ANANDA SAMAJ UNNAYAN SHANGSTHA

683
Polli Samajik Karzokram Sangstha
684
AGROGAMI UNNAYAN SANGASTHA(AGROGAMI)
685
BONDHON SAMAJKALLYAN SANGSTHA
686
Daridro & Paribash Unnaon Society
687
Rural Economy & Agricultural Development Organization of Bangladesh(READO)
688
MITALI

689
BRES

690
Sopnil Bangladesh Foundation
691
Youth Initiative For Socio-Economic Activity
692
Polly Arthik Unnayan Karzocrom
693
Jatio Tarun Sangha
694
PANJERI SAMAJ UNNAYAN SANGSTHA (PSUS)
695
Society for UDDOG.
696
BANGLADESH HEALTH AND EDUCATION DEVELOPMENT SOCIETY
697
ORGANIZATION FOR DEFENDING THE DISABLE (DDO)
698
Sathi Unnayan Sangstha
699
NABARUPA POLLY

Semi formal sector
Semi formal sector

The semi formal sector includes those institutions which are regulated otherwise but do not fall under the jurisdiction of Central Bank, Insurance Authority, Securities and Exchange Commission or any other enacted financial regulator. This sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non Governmental Organizations (NGOs and discrete government programs.
Informal Sector
Informal Sector

The informal sector includes private intermediaries which are completely unregulated.

The End
The End

Overview of financial system in Bangladesh

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