Specialized banks in Bangladesh are financial institutions designed to cater to specific sectors of the economy or address particular financial needs that are not typically covered by commercial banks. These banks focus on areas such as agriculture, industry, housing, and poverty alleviation. They play a crucial role in promoting economic development and are often fully or majorly owned by the Government of Bangladesh.
Specialized Banks in Bangladesh:
There are 3 specialized banks in Bangladesh designed to cater to specific sectors of the economy or particular financial needs that are not typically addressed by commercial banks. These banks play a crucial role in promoting economic development by focusing on areas such as agriculture, industry, housing, and poverty alleviation. They are also fully or majorly owned by the Government of Bangladesh.
See also:
❏ Banks in Bangladesh
- Bangladesh Krishi Bank (BKB): Bangladesh Krishi Bank (BKB) is a specialized bank focusing primarily on the agricultural sector in Bangladesh. Established to support and develop the country’s agricultural industry, BKB plays a pivotal role in providing financial services to farmers and agricultural enterprises.
- Probashi Kallyan Bank (PKB): Probashi Kallyan Bank (PKB) is a specialized financial institution in Bangladesh established to cater to the needs of expatriate Bangladeshis and their families. The bank aims to provide banking services that facilitate remittances, support investment by expatriates in Bangladesh, and offer financial products tailored to the unique needs of migrant workers.
- Rajshahi Krishi Unnayan Bank (RAKUB): Rajshahi Krishi Unnayan Bank (RAKUB) is a specialized bank in Bangladesh dedicated to agricultural development in the Rajshahi and Rangpur divisions. It focuses on enhancing the agricultural sector and supporting rural development by providing financial services to farmers, rural entrepreneurs, and agricultural enterprises.
Specialized banks in Bangladesh play an essential role in promoting economic development, supporting government initiatives, and addressing specific financial needs within the economy. Their targeted approach helps in achieving broader economic and social objectives.
