Union Bank
Union Bank PLC is one of the fourth-generation private commercial banks in Bangladesh that operates according to the principles of Islamic Shariah. The bank was established in 2013 with the objective of providing ethical, interest-free, and customer-oriented banking services while contributing to the country's economic and social development. After receiving approval from Bangladesh Bank, Union Bank commenced its commercial operations and gradually expanded its presence across the country. Since its inception, the bank has focused on building a strong reputation through sound corporate governance, modern banking technology and high-quality customer service. Today, Union Bank serves individuals, businesses and institutions through an expanding network of branches, sub-branches, ATM services and digital banking platforms.
The history of Union Bank reflects its commitment to sustainable growth, financial inclusion and Shariah-based banking. From the beginning, the bank emphasized the adoption of advanced banking technologies to improve operational efficiency and customer convenience. It introduced online banking, internet banking, mobile banking, ATM services and other digital financial solutions to ensure secure and efficient banking transactions. Through continuous expansion, professional management and customer-focused strategies, Union Bank has strengthened its position in Bangladesh's competitive banking industry while maintaining strict compliance with Islamic financial principles.
Union Bank PLC offers a comprehensive range of Shariah-compliant banking services for individuals, businesses and institutions. Its retail banking services include Mudaraba savings accounts, Mudaraba current accounts, Mudaraba term deposit schemes, consumer investment facilities, debit cards and remittance services. Instead of conventional interest-based lending, the bank provides investment facilities through Islamic financing modes such as Murabaha, Bai-Muajjal, Musharaka, Mudaraba and Hire Purchase under Shirkatul Melk (HPSM). Customers can conveniently use ATM facilities, internet banking, mobile banking and SMS banking to perform secure financial transactions.
Apart from retail banking, Union Bank provides extensive corporate and SME banking services, including trade finance, project financing, working capital investment, treasury operations, and cash management solutions for businesses and industries. The bank also actively supports entrepreneurs and small business owners through Shariah-compliant SME investment facilities. Furthermore, Union Bank is involved in foreign exchange and international remittance services, helping expatriate Bangladeshis send money safely and efficiently to their families and supporting international trade activities.
In conclusion, Union Bank PLC has established itself as a modern and progressive Islamic commercial bank in Bangladesh. Through its commitment to Shariah-compliant banking, technological innovation, diversified financial services and customer satisfaction, the bank continues to contribute significantly to financial inclusion, sustainable economic growth and the development of Bangladesh's banking sector.
| Registered Name | Union Bank PLC | |
| Legal Status | Public Limited Company | |
| Logo |  | |
| Established | 2013 | |
| Type | Private Bank | |
| Category | Commercial Bank | |
| Origin | Local Bank | |
| Services |
|
|
| More Resources |
|
|
| Corporate Address | Bahela Tower, 72 Gulshan Avenue, Circle 1, Gulshan, Dhaka 1212, Bangladesh. | |
| Telephone | +880 2 222297310 | |
| Call Center | 16716, +880 96 66712616 | |
| E-mail Address | info@unionbank.com.bd | |
| Website | www.unionbank.com.bd | |
| SWIFT Code | UBLDBDDH | |
| Code | 265 | |
| Service Hours | ||
| Rate this Bank |
Rating 3.8, based on 1248 votes.
|