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Overview of Financial system of Bangladesh

The financial system of Bangladesh is comprised of three broad fragmented sectors:
  1. Formal Sector,
  2. Semi-Formal Sector,
  3. Informal 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).

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.

The informal sector includes private intermediaries which are completely unregulated.

Related links

      Financial System of Bangladesh
Formal Sector
Semi Formal Sector
Informal Sector
Financial Market
Money Market
(Banks, NBFIs,Primary Dealers)
Capital Market
(Investment banks, Stock Exchanges, Credit Rating Companies etc.)
Foreign Exchange Market
(Authorized Dealers)
Bangladesh Bank
(Central Bank)
Specialized Financial Institutions:
  1. House Building Financial Corporation(HBFC)
  2. Palli Karma Sahayak Foundation(PKSF)
  3. Samabay Bank
  4. Grameen Bank
Regulators & Institutions


60 scheduled & 5 non-scheduled banks
34 NBFIs
Insurance Development & Regulatory Authority
(Insurance Authority)

Insurance Companies
18 Life and 44 Non-Life Insurance Companies
Securities & Exchange Commission
(Regulatory of capital market Intermediaries )


Stock Exchanges, Stock Dealers & Brokers, Merchants Banks, AMC s, Credit Rating Agencies etc.

Microcredit Regulatory Authority
(MFI Authority)

Micro Finance Institutions
599 MFIs