ISSUING BANK

An issuing bank in Bangladesh is a financial institution. It is neither a factory nor a trading company.

Issuing banks primarily provide financial services. In the context of international trade, they issue Letters of Credit (LCs) on behalf of importers, guaranteeing payment to exporters. They also offer a wide range of other banking services, including account management, loans, credit and debit card issuance, and foreign exchange services.

Their core business is finance, not the production of goods (like a factory) or the buying and selling of goods (like a trader). Major issuing banks in Bangladesh include both state-owned commercial banks and private commercial banks.

Bangladeshi Issuing Banks primarily offer a range of financial products and services. They do not typically produce or sell physical goods. Their offerings include:

Deposit Products

Savings Accounts

Current Accounts

Fixed Deposit Accounts

Special Savings Schemes (e.g., DPS - Deposit Pension Schemes)

Lending Products

Personal Loans

Home Loans

Auto Loans

Business Loans

SME Loans (Small and Medium Enterprise)

Agricultural Loans

Term Loans

Overdraft Facilities

Payment and Card Products

Credit Cards (Visa, Mastercard, Amex, etc.)

Debit Cards

Prepaid Cards

International Trade Finance

Letters of Credit (LCs)

Bank Guarantees

Export and Import Financing

Remittance Services

Inward Remittances (receiving money from abroad)

Outward Remittances (sending money abroad)

Digital Banking Services

Online Banking Platforms

Mobile Banking Applications

ATM Services

POS (Point of Sale) Services

Treasury Services

Foreign Exchange Services

Money Market Operations

Other Financial Services

Wealth Management and Investment Products

Safe Deposit Locker Facilities

Bancassurance (selling insurance products in partnership with insurance companies)

Cash Management Services