Bank deposit and now going to Gulshan

Gulshan in the capital is now a big abode for the aristocracy, the rich and the businessmen. Gulshan is also the business address of many large industrial groups. One by one the head offices of private banks are also being shifted to that area. Due to that, the deposits in the banks located in Gulshan area are increasing day by day. That is about 11 percent of the total deposit.
However, the oldest commercial center in the country is still in the Motijheel area. And the deposits in the banks of Motijheel area are more than the whole of Chittagong district. Motijheel, Gulshan and Chittagong districts account for 36.15 percent of bank deposits. About 25 percent of the deposits are in Gulshan and Motijheel. This information has been found in a report of Bangladesh Bank based on September 2020.
People in the banking sector say that in the last two decades, many commercial companies have left Motijheel and moved to Gulshan. This trend has been seen more in the last one decade. Similarly, many businessmen and rich people have left Dhanmondi area and settled down in Gulshan. In the last five years, the head offices of Shahjalal Islami, Trust, Eastern, Prime, Jamuna, First Security, Dhaka and AB have been shifted from Motijheel to Gulshan. Construction work of Standard Bank’s head office is underway in Gulshan. All this is having a negative impact on the deposits of Motijheel and Dhanmondi.

The offices have been shifted to Gulshan. The number of residential and commercial offices in and around Gulshan has increased a lot. Due to this the deposit has gone from Motijheel to Gulshan.

Anis A Khan, Former Chairman, Association of Bankers Bangladesh (ABB)

Regarding this, the managing director (MD) of Trust Bank Farooq Moinuddin said, “Many banks have left Motijheel and moved to Gulshan area. And large customers prefer to transact at branches near the head office. They also get some benefits. Many big industries have also gone to Gulshan. Dhanmondi is no longer the same as before. The upper castes have all settled in Gulshan. That is why deposits are increasing in Gulshan area. ‘
A review of the central bank’s report found that in September 2015, 15.69 per cent of bank deposits were in the Motijheel area. It has decreased by 13.6 percent in the same month of the outgoing 2020. In 2015, the share of total deposits in Dhanmondi area banks was 4.90 percent, which has come down to 3.8 percent last year. In 2015, the share of deposits in Ramna area was 3.8 percent, which has come down to 2.96 percent last year. On the other hand, in the five years from 2015 to 2020, the share of deposits in Gulshan area has increased from 9.16 percent to 10.72 percent.

Anis A Khan, former chairman of the Association of Bankers Bangladesh (ABB), said the offices have been shifted to Gulshan. The number of residential and commercial offices in and around Gulshan has increased a lot. Due to this the deposit has gone from Motijheel to Gulshan.
In September 2015, the total number of customer accounts in the country’s banks was 8 crore 45 lakh 46 thousand 993. This number increased to 11 crore 26 lakh 45 thousand 629 in the same month of 2020.
In September 2015, the total deposits in the banks were 6 lakh 61 thousand 906 crore taka, which increased to 13 lakh 12 thousand 629 crore taka in the same period of 2020.

At the end of September last year, the deposit in Motijheel was 1 lakh 82 thousand 256 crore. The whole of Chittagong had a deposit of 1 lakh 8 thousand 751 crore rupees. And the deposit of Gulshan was 1 lakh 40 thousand 614 crore taka. As a result, 36.15 percent of the total deposits were in these three areas. Apart from this, the deposits in Dhanmondi and Ramna areas amounted to Tk 40,449 crore and Tk 39,039 crore respectively.
And among the areas where deposits are low, Sunamganj’s Madhyanagar is at the top. The deposit amount is only 6 crore rupees. Besides, there are deposits of Tk 6 crore in Taltala of Barguna, Tk 11 crore in Kazirhat area of ​​Barisal, Tk 12 crore in Lamai of Khagrachhari hill district and Tk 14 crore in Guimara of Khagrachhari.
Meanwhile, at the end of September 2020, the total number of branches of banks stood at 10,608, which was 10,408 in the same month of 2019. Most of the bank branches are in Dhaka and Chittagong. Of these, 3,570 are in Dhaka and 2,549 in Chittagong.

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