Banks Of Bangladesh

                                    List of Banks in Bangladesh.

Recently in dated 4th april,2012 board of Directors of Bangladesh has given license 3 banks by the finance of NRB Investor  and 8th April,2012. 6 other banks by the finance of Local investors. So in total on agreement of LOI Bangladesh bank silenced  9 Banks in Bangladesh. On the base 29 terms and conditions these banks got their silence. These banks are

1= Farmers Bank Of Bangladesh.

2=Modhumoti Bnak of Bangladesh.

3=Union Bank Of Bangladesh

4=Meghna Bank Of Bangladesh.

5=Midland Bank Of Bangladesh.

6=South Bangla Agriculture and Commerce Bank Of Bangladesh.

7=NRB Commercial Bank Limited.

8=NRB Bank Limited of Bangladesh

9=NRB Bank Limited Of Bnagladesh

As the 8th and 9th banks name are same ,both of the authority will deside by theirself what will be their name.

Presently The bank Are Operating In Bangladesh Are:

Central Bank

1)Bangladesh Bank                                    Established -16-12-1971

Government Commercial Bank

1)Sonali Bank Limited                                        "              1972

2)Janata Bank Limited                                       "              1972

3)Agrani Bank Limited                                       "               1972

4)Ropali Bnak Limited                                        "               1972

Local Commercial Banks

1)Pubali Bank Limited                                        "               1972

2)Uttara Bank Limited                                       "               1972

3)AB Bank Limited                                            "     -12-04-1982

4)National Bank Limited                                      "     -23-03-1983

5)The City Bank Limited                                      "     -27-03-1983

6)Islami Bank Bangladesh                                     "     -13-03-1983

7)IFIC Bank Limited                                           "               1976

8)United Commercial Bank Limited                           "     -29-06-1983

9)Eastern Bank Limited                                       "     -01-08-1992

10)National Credit and Commerce Bank Limited            "     -17-05-1993

11)Prime Bank Limited                                        "      -17-04-1995

12)South East Bank Limited                                 "       -12-03-1995

13)Dhaka Bank Limited                                       "       -05-07-1995

14)Al Arafa Islami Bank Limited                           "        -27-09-1995

15)Social Islami Bank limited                               "        -         1995

16)Dutch Bangla Bank Limited                              "        -03-06-1996

17)Marcantile Bank Limited                                 "        -02-06-1999

18)Standered Bank Limited                                 "                 -1999

19)One Bank Limited                                        "                   1999

20)Export Import Bank Of Bangladesh                    "         -03-08-1999

21)Bangladesh Commerce Bank Limited                   "         -16-09-1999

22)Mutual Trust Bank Limited                             "         -24-10-1999

23)First Security Bank Limited                           "          -25-10-1999

24)The Premier Bankk Limited                             "          -26-10-1999

25)Bank Asia Limited                                       "          -27-11-1999

26)The Trust Bank Limited                                "          -29-11-1999

27)Shajalal Islami Bank Limited                          "          -10-05-2001

28)Jamuna Bank Limited                                   "          -03-06-2001

29)BRAC Bank Limited                                     "           -04-07-2001

30)ICB IslamI Bank Limited                              "           -20-05-1987

Foreign Commercial Banks Are=)

1)Standard Bank Limited                        In Bangladesh    -1905

2)Habib Bank limited                                   "               -09-08-1976

3)State Bank Of India                                "               -05-05-1975

4)Commercial Bank Of Celon                          "               -06-11-2003

5)National Bank Of Pakistan                          "               -31-08-1994

6)City Bank NA                                         "               -24-06-1995

7)Worry Bank Limited                                  "               -21-09-1996

8)HSBC Bank Limietd                                  "                -17-12-1996

9)Bank Al Falah Limited                               "                -16-05-2005

Specialized Banks Are =)

1) Bangladesh Krishi Bank                            Established              1973

2)Rajshahi Krishi Onnaon Bank                            "            -15-03-1987

3)Bangladesh Development Bank Limited                 "            -03-01-2010

4)Basic Bank Limited                                       "            -21-01-1989

5)Probashi Kollan bank                                     "            -20-04-2011

     Prepared by

          Nazim Uddin

 088  01713090228

 088 01914541572

   

  

Invest in Real Estate

Investment in Real Estate some general tips.

As the peoples of the world increasing rapidly , so accommodation problem is going deeper day by day . As a result real estate business demand increases highly at present world. so if you want to invest in Real estate for safe accommodation you need some general knowledge about it .

As follows:

Know about your Developers=>

First and foremost thing is know about your developer .ask first for their completed project and on going projects. Its better if you talk some of their client at present.

Visit the place=>

Visit the site before you take your decision , see the development work by yourself with own eyes.

Check the authority Approval=>

As the developer to provide you the approval for authority, some times it is seen that developers constructed more floor then their approval.

Ask for development schedule=>

Ask the developer their schedule of building, it will be easier to take your decision for investment.

Down payment or Installment=>

always in mind that before sign your deed of agreement ,not make any down payment. Ask for a draft Deed of agreement with their official offer. then let your developer know that ,you need some time to through draft the agreement. Never sign a blank creature and not forget to take money receipt.

Agreement=>

Take time or consult with some one expert , make sure of every term and condition, most importantly when sentences are long. as follows

Legal descriptions of the property=>Make sure it explains the location exactly, size , and right to the land and infructure.

Ownership of the purchaser=>

Please specify the ownership of the purchaser in the agreement.

Ownership of the developer=>

It should be clearly mentioned that developer is the sole ownership of the land /power of attorney holder ,of the said real estate with a full right and authority to sell or dispose or transfer the roads, open space and utility infructures in the building /city including the said apartment to the perchaser and that no other persons or authority whats ever any claim, right titles interest or lien or on Said real Estate.

Price=>

No where in the agreement it is allowed to escalate the for any future events.

Payment schedule =>

Negotiable dates considering your agreements , mind the payment delay comensation conditions.

Compensation for delay of Handover=>

Consider your bank loan and other losses . Be alart about your term grace period.

Management agreement=>

The principal of the agreement must be " The perchaser are the owner of the building and full authority to manage it .and all shorts of charges including utility and maintanance are the cost only and costs are verifiable.

Documents ( Parts of Agreement)=>

Include the layout plans structural Dsign , Spcification and Land Measurement approved by Government Authority.

Delivery or Handover Date =>

Hand over date of the apartment must be mentioned on the agreement clearly even after a grace period.

Refund =>

If surrendered by purchaser or canceled by Developer project is abandoned options for the refund of the amount paid by purchaser must be clearly mentioned in the Agreement ,along with specified penalty amount /percentage.

Compensation=>

Compensation of delay of handover / delay of payment by perchaser /Delay of refund by Developer should be specified in the agreement.

Be cautious about following conditions in any purchase agreement or document=):

1) Delay in payment beyond the due dates will cause penalty at rate of ( ) % per monthe on the amount of payment that delay.

2) Incase of surrender of allotment by puerchaser or cancalation of allotment by the developer due failure of  payment of installment by the purchaser or any other reasons ,the amount paid to the Developer shall be refunded after deducting ( ) % of total price.

3) If the completion period of the projects are affected by unavoidable circumstances like natural calamities , political disturbances ,non payment of installment in time by the purchaser , the purchaser will not be entitled to any compensation.

4) If for any reason beyond the control of the company .the project is abandoned , the company will refund the paid amount to the puschaser .

5) The purchaser has to take written permission from company before carrying out any modification work.

Bank Loan ============>

All banks provide loan for new apartment purchase or renovation of the apartmentns. the interest rate varies from Bank to Bank. Many banks provides loan upto 20 years the length of the loan period depends upon the age of applicants and capacity of payments and other factors.

Before taking decision for loan you must compare 2 or 3 banks about interest rate and hidden charges.

Sheikh Nazim Uddin Elias