Union Bank PLC

Union Bank PLC is a fourth-generation private Islamic commercial bank in Bangladesh. It was incorporated on 07 March, 2013 as a banking company under Companies Act 1994. The Bank is one of the interest-free Shariah based banks in the country and its modus-operandi are substantially different from other conventional Banks. It obtained permission from Bangladesh Bank on 10 March, 2013 to commence its business.

It is listed on the Dhaka Stock Exchange. Union Bank 4.28 billion taka from the stock market which would make it the fourth largest IPO in the history of Bangladesh and the largest for the banking sector in the country. Presently the Bank carries banking activities under Islamic Shariah prevailing in the country. At present the bank has 114 branches, 59 sub-branches & 96 ATM Booths in the country.