Union Bank PLC (ইউনিয়ন ব্যাংক পিএলসি) 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.
Overview:
Union Bank PLC (ইউনিয়ন ব্যাংক পিএলসি) established in 2013, is a Shariah-based private commercial bank in Bangladesh. The bank was founded with the aim of providing Islamic banking services in line with the principles of Islamic Shariah. Since its inception, Union Bank has focused on offering modern banking products and services, including retail banking, SME banking, and corporate banking, while adhering to Islamic financial principles. Over the years, the bank has expanded its operations across the country, contributing to the growth of Bangladesh’s banking sector by promoting ethical and interest-free banking practices.
See also:
❏ Banks in Bangladesh
Union Bank PLC at a glance: | |
| Bank Name | Union Bank PLC (ইউনিয়ন ব্যাংক পিএলসি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 2013 |
| Type | Private Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| Address | Bahela Tower, 72, Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh |
| Call Center | 16716, 09666-789000 (Overseas) |
| Telephone | +8802-222297310, 09666-712616 |
| PABX | |
| Fax | |
| Bank Code | 265 |
| Stock Code | UNIONBANK – DSE CSE |
| Swift Code | UBLDBDDH |
| info@unionbank.com.bd | |
| Website | www.unionbank.com.bd |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
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History of Union Bank PLC:
Union Bank PLC (ইউনিয়ন ব্যাংক পিএলসি) was incorporated (No.C-107837/13) in Bangladesh 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 (Ref: BRPD (P-3)/745(60)/2013-1153). 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. Presently the Bank carries banking activities under Islamic Shariah prevailing in the country.
- Huge demand of Islamic Banking across the country.
- This high population country’s economy is growing fast creating demand to establish a quality service oriented global banking services to the doors of the people.
- The economy of Bangladesh continues to demonstrate satisfactory & steady growth performance maintaining macroeconomic stability.
- Unlock the potentials of missing middle of the country who are beyond the coverage of corporate banking service.
- Focus on rural & micro economic developments.
- Bring the unbanked rural people under the umbrella of banking service.
- Modern Technology based banking as well as environmental banking.
Services Offered by Union Bank PLC:
Union Bank PLC offers a wide range of Islamic banking services to meet the diverse needs of its customers. Here are some of the key services provided by Union Bank PLC:
- Retail Banking: Offering savings accounts, current accounts, and fixed deposits to individuals.
- Corporate Banking: Financial services tailored for corporate clients, including business accounts and loans.
- SME Banking: Specialized services for Small and Medium Enterprises, such as working capital financing and trade finance.
- Islamic Banking: Shariah-compliant banking products including Mudarabah savings and investment accounts.
- Remittance Services: Secure and fast international money transfer solutions.
- E-Banking: Internet and mobile banking services for convenient access to banking facilities.
- Card Services: Credit, debit, and prepaid card offerings for both personal and business use.
Contact
Union Bank PLC, Head Office: Bahela Tower, 72, Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16716, 09666-789000 (Overseas)
Telephone: +8802-222297310, 09666-712616
Fax:
Bank Code: 265
Swift Code: UBLDBDDH
Email: info@unionbank.com.bd
Website: www.unionbank.com.bd
