[angular] How to get parameter on Angular2 route in Angular way?

Route

const appRoutes: Routes = [
    { path: '', redirectTo: '/companies/unionbank', pathMatch: 'full'},
    { path: 'companies/:bank', component: BanksComponent },
    { path: '**', redirectTo: '/companies/unionbank' }
]

Component

const NAVBAR = [
    { 
        name: 'Banks',
        submenu: [
            { routelink: '/companies/unionbank', name: 'Union Bank' },
            { routelink: '/companies/metrobank', name: 'Metro Bank' },
            { routelink: '/companies/bdo', name: 'BDO' },
            { routelink: '/companies/chinabank', name: 'China Bank' },
        ]
    },
    ...
]

Example of link: http://localhost:8099/#/companies/bdo

I want to get String bdo in the example link above.

I'm aware that I can get the link by using window.location.href and split into array. So, I can get the last param but I want to know if there's a proper method on doing this in angular way.

Any help would be appreciated. Thanks

As of Angular 6+, this is handled slightly differently than in previous versions. As @BeetleJuice mentions in the answer above, paramMap is new interface for getting route params, but the execution is a bit different in more recent versions of Angular. Assuming this is in a component:

private _entityId: number;

constructor(private _route: ActivatedRoute) {
    // ...
}

ngOnInit() {
    // For a static snapshot of the route...
    this._entityId = this._route.snapshot.paramMap.get('id');

    // For subscribing to the observable paramMap...
    this._route.paramMap.pipe(
        switchMap((params: ParamMap) => this._entityId = params.get('id'))
    );

    // Or as an alternative, with slightly different execution...
    this._route.paramMap.subscribe((params: ParamMap) =>  {
        this._entityId = params.get('id');
    });
}

I prefer to use both because then on direct page load I can get the ID param, and also if navigating between related entities the subscription will update properly.

Source in Angular Docs