Agrani Bank

What Agrani Bank does

Agrani Bank PLC is a state-owned commercial bank headquartered in Dhaka, Bangladesh, incorporated in 2007 under the Companies Act 1994 and tracing its origins to the 1972 nationalization of Habib Bank Limited and Commerce Bank Limited. The bank is wholly owned by the Government of Bangladesh through the Ministry of Finance and operates under the regulatory oversight of Bangladesh Bank. Its core business spans retail banking, SME financing, corporate banking, agricultural and rural credit, Islamic banking, and non-resident Bangladeshi services, supported by two wholly-owned subsidiaries: Agrani Equity & Investment Limited (merchant banking) and Agrani SME Financing Company PLC (SME lending).

The bank distributes its products through a multi-channel network of 979 branches (including 36 corporate branches and 43 authorized dealer branches), 567 agent banking booths in rural areas, 60 Islamic Banking Windows, 4 overseas exchange houses in Singapore, Malaysia, and Canada, and digital channels including the Agrani Smart App and Internet Banking platform. Its technology infrastructure comprises a core banking system with real-time online banking across all branches, SWIFT-enabled international transfers, an Offshore Banking Unit for foreign currency transactions, and BASEL III compliance reporting. The product portfolio includes deposit products (savings, fixed deposits, current accounts, and specialized schemes like the Millionaire Deposit Scheme and Student Super Savings Scheme), loan products (personal, home building, SME, agricultural, and green financing), debit cards, trade finance (import/export finance, letters of guarantee), treasury services, and remittance services.

Revenue is generated primarily through net interest income from lending activities, complemented by transaction fees from trade finance, remittances, foreign exchange, and merchant banking services, plus deposit-funded operations. The bank serves retail, SME, corporate, and agricultural customers across Bangladesh and the diaspora, with a stated focus on financial inclusion through Agent Banking and Shariah-compliant banking through Islamic Banking Windows. Recognized with the Bangladesh Bank Remittance Award 2023, SAFA Gold Award 2022, ICAB Gold Award 2022, and ICMAB Best Corporate Award 2022, Agrani Bank is one of the largest state-owned commercial banks in Bangladesh by branch and distribution network.

Name

Agrani Bank

Legal name

Agrani Bank PLC

Website

https://agranibank.org

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Agrani Bank PLC is a state-owned commercial bank in Bangladesh offering retail, SME, corporate, agricultural, Islamic, and NRB banking services through 979 branches, 567 agent banking points, digital channels, and overseas exchange houses.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Islamic Retail Banking (FSABAGAA), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Retail banking services
• Commercial banking products
• Islamic banking services
• SME financing solutions
• Foreign remittance services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Net interest income from lending activities including personal loans, business loans, SME financing, agricultural loans, house building loans, and commercial lending. The bank offers various loan products with interest rates.
2. Deposit Operations: Collection of deposits including savings, current accounts, fixed deposits, and special deposit schemes. Interest paid to depositors.
3. Trade Finance: Import and export finance services, letters of guarantee, and foreign exchange services generating commission income.
4. Remittance Services: Foreign remittance services through own exchange houses in Singapore, Malaysia, and Canada, plus correspondent banking network. The bank received Bangladesh Bank Remittance Award in 2023.
5. Merchant Banking: Through subsidiary Agrani Equity & Investment Limited: issue management, underwriting, portfolio management, and investment account services.
6. Islamic Banking: Shariah-compliant banking products including Mudaraba and Wakalah-based investment products operated through 60 windows.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Agrani Bank PLC is a state-owned commercial bank in Bangladesh that provides retail, SME, corporate, agricultural, Islamic, and Non-Resident Bangladeshi (NRB) banking services. Its core products include deposit accounts (savings, current, fixed deposits), loan products (personal, home building, SME, agricultural), debit cards, trade finance (import/export, letters of guarantee), Islamic banking through 60 Shariah-compliant windows, and foreign remittance services through 4 overseas exchange houses. The bank distributes its services through 979 branches, 567 agent banking points, digital channels (mobile app and internet banking), and overseas exchange houses.

Product overview

Agrani Bank PLC is a state-owned commercial bank in Bangladesh offering a comprehensive suite of banking products and services through multiple channels. The bank operates a traditional branch network of 979 branches, an Agent Banking network with 567 agent booths for rural outreach, Islamic Banking through 60 windows, and digital channels including the Agrani Smart App and Internet Banking. The product portfolio includes deposit products (Savings, Current, Fixed Deposit, and specialized schemes like the Millionaire Deposit Scheme and Student Super Savings Scheme S4), loan products (Personal, Home Building, SME, and Agricultural loans), card services (Debit Cards), trade finance (Import/Export Finance, Letters of Guarantee, Offshore Banking Unit), treasury services, and remittance services through exchange houses in Singapore, Malaysia, and Canada. The bank has two subsidiaries: Agrani Equity & Investment Limited (merchant banking) and Agrani SME Financing Company PLC (SME lending), complementing its core banking services.

Differentiator

Problem solved

Functional benefit

Brands

• Islami Banking: Shariah-based Islamic banking products and services operated under Islamic Banking Unit since February 2010, currently through 60 windows.
• Agent Banking
• Agrani Smart Banking
• Sustainable Finance / Green Banking

Products and services

• Savings Bank Account Basic savings deposit account for individual customers with competitive interest rates.
• Fixed Deposit Receipt (FDR) Term deposit account with guaranteed returns for fixed periods ranging from 1 month to 5 years or longer.
• Current Deposit Account Non-interest bearing deposit account designed for businesses and commercial transactions.
• Personal Loan Unsecured loan facility for personal expenses including debt consolidation, education, and medical emergencies.
• Home Building Loan Housing loan for residential and commercial property construction or renovation, including loans for government employees.
• Agrani Bank Pension Scheme (APS) Pension savings scheme designed for retirement planning with regular contribution options.
• SME Loan Program Comprehensive financing solutions for small and medium enterprises covering working capital and term loans.
• Debit Card Bank-issued debit card for ATM withdrawals, POS transactions, and online purchases.
• Agrani Bank Islami Banking Shariah-compliant banking products and services including Mudaraba and Bai-Murabaha based investment products, operated through 60 Islamic windows.
• Agent Banking Banking services delivered through agent points in rural and underserved areas, with 567 agent booths operating across Bangladesh. First state-owned commercial bank in Bangladesh to introduce Agent Banking.
• Agrani Equity & Investment Limited Merchant banking subsidiary providing issue management, underwriting, and portfolio management services.
• Offshore Banking Unit (OBU) Offshore banking unit offering foreign currency term deposit accounts and international trade financing.
• ATM Services Automated teller machine network providing 24/7 cash withdrawal, balance inquiry, and other self-service banking functions.
• SWIFT Transfer International wire transfer service enabling fast and secure cross-border fund transfers through SWIFT network.
• Agrani eAccount Digital account opening application available on Google Play Store for convenient account registration.
• Foreign Remittance Service International money transfer service with correspondent banking network and exchange houses in Singapore, Malaysia, and Canada.
• Locker Services Safe deposit locker facility for secure storage of valuables and important documents.
• Import Finance Financing solutions for import transactions including letter of credit and trust receipt facilities.
• Export Finance Pre-shipment and post-shipment financing for exporters to meet working capital requirements.
• Letter of Guarantee Bank guarantee instruments for various commercial and trade purposes.
• Treasury Services Primary dealer unit services including treasury bills, bonds, REPO, and reverse REPO operations.
• Agrani Exchange House Exchange house operations in Singapore, Malaysia, and Canada facilitating remittance services for Bangladeshi diaspora.
• NRB Banking Services Specialized banking services for Non-Resident Bangladeshis including foreign currency accounts and investment bonds.
• Agrani Bank Millionaire Deposit Scheme Special savings scheme designed to help customers become millionaires through systematic savings.
• Student Super Savings Scheme (S4) Specialized savings account for students with educational benefits and incentives.
• Agrani Labbaik Investment Product Shariah-compliant investment product designed for Hajj and Umrah pilgrimage financing.
• Green Banking Finance Eco-friendly financing solutions supporting renewable energy, bio-gas, and environmental sustainability projects.
• Short Term SME Loan Short-term working capital financing for small and medium enterprises.
• Agrani Smart App Mobile banking application available on Google Play Store enabling customers to perform banking activities 24/7 from anywhere, featuring balance transfer between Agrani Bank and bKash.
• Agrani Internet Banking Online banking platform allowing customers to access banking services via web browser at ib.agranibank.org.bd.
• Agrani SME Financing Company PLC Dedicated SME financing company subsidiary for small and medium enterprise lending.

Quantifiable outcome

• Received Bangladesh Bank Remittance Award in 2023
• +3 more outcomes

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and major.

• Agrani Exchange House Private Limited (Singapore)coreChannel Partner/ Reseller/ DistributorWholly-owned subsidiary exchange house in Singapore serving the Bangladeshi diaspora for remittance services.
• Agrani Remittance House Sdn., Bhd. (Malaysia)coreChannel Partner/ Reseller/ DistributorSubsidiary exchange house in Malaysia operating as remittance house for diaspora banking services.
• Agrani Remittance House Canada InccoreChannel Partner/ Reseller/ DistributorSubsidiary exchange house in Canada providing remittance services to Bangladeshi expatriates in North America.
• Agrani Equity & Investment LimitedcoreStrategic or Co-development PartnerMerchant banking subsidiary handling issue management, underwriting, portfolio management, and investment account services.
• Agrani SME Financing Company PLCcoreStrategic or Co-development PartnerSME financing subsidiary company providing specialized small and medium enterprise credit solutions.
• Correspondent Banking PartnersmajorChannel Partner/ Reseller/ DistributorInternational correspondent banking relationships for SWIFT transfers, nostro accounts, and foreign exchange services enabling global trade banking.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sonali Bank PLC: Bangladesh's largest state-owned commercial bank, with similarly broad national branch network and government ownership. Directly comparable in mandate, segment coverage, and policy-lending exposure, and is the most relevant peer for head-to-head state-bank benchmarking.
• Rupali Bank Ltd: State-owned commercial bank of Bangladesh with a similar full-service mandate and government ownership structure. Comparable product portfolio (deposits, SME, trade finance, Islamic windows) and rural/urban distribution focus.
• Janata Bank PLC: Another of Bangladesh's three major state-owned commercial banks, offering the same retail, SME, corporate, Islamic, and NRB product mix through a comparable national branch footprint. Direct peer for state-bank profitability and NPL benchmarking.
• Islami Bank Bangladesh PLC: Largest Islamic bank in Bangladesh and the leading Shariah-compliant banking competitor to Agrani's 60 Islamic Banking Windows. Comparable product set (Mudaraba deposits, Murabaha investments) and similar diaspora retail focus.

Emerging players

• BRAC Bank PLC: Private-sector commercial bank with a strong SME and retail focus, including a fast-growing agent banking network. Directly comparable to Agrani on SME and retail product set, but with superior digital capabilities and a more entrepreneurial mandate.
• Dutch-Bangla Bank PLC: Leading private-sector digital-first commercial bank in Bangladesh. Comparable retail deposit, SME, and agent-banking offerings but with materially lower cost structure and faster digital adoption, making it the key benchmark for digital efficiency versus Agrani's branch-heavy model.

Broad incumbents

• Bangladesh Krishi Bank: Specialized state-owned bank focused on agricultural and rural credit. Overlaps with Agrani's agri & rural banking segment but is narrower in mandate; useful for benchmarking rural-credit performance and directed-lending exposure.
• Standard Chartered Bangladesh: Multinational bank with a Bangladesh franchise focused on corporate, trade finance, and affluent retail. Overlaps with Agrani's corporate banking, OBU, and trade-finance operations, but serves higher-end customers and does not compete in rural/agent banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AgraniBankLimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agrani Bank