Abstract:
The financial system's cornerstone, the banking sector, is frequently referred to as being crucial to attaining economic expansion and growth. For trade and commerce to flourish, for jobs to be created, and for the industrial revolution to be promoted in an economy, the banking sector must expand. Over the past 20 years, Bangladesh's financial system has grown and changed in ways that were previously unheard of. Unfortunately, because to a lack of enough capital, strict control, an increase in non-performing loans, liquidity issues, and other factors, the rate of development slowed, resulting in substandard performance and efficiency. These problems have had a negative impact on Bangladesh's banking industry and overall economy, resulting in a lack of financial inclusion that restricts opportunities for people, companies, and society at large. They have partnered with the mobile financial service provider company bKash in order to make reforms that would guarantee the banking sector in Bangladesh keeps expanding. As a result, in terms of remittances throughout all of Bangladesh, they are ranked second to Islami Bank. They are ranked second overall among banks and first among public banks.
By utilizing modern technologies, they are diligently working to keep the bar for our client services raised. They run 958 locations nationwide and are the only bank to provide real-time online banking. These real-time online branches do not exist at any of the banks in our country. Private sector banks may all provide real-time online services due to their modest branch network (200, 300, or 400), however public sector banks find it difficult.
They are required to participate in several government development programs because they are a state bank. Agrani Bank is currently a major financier in the nation's energy sector. Several significant industrial expansion projects in the private sector have also received investment from them. For instance, they contributed money to build the Mayor Hanif Flyover. No private bank was interested in financing the project since they had predicted that it wouldn't be as profitable. They ultimately offered to finance the project because they were involved in the government's development efforts and it was a priority project.
