BRAC Bank Limited
Gulshan, Dhaka 1212
With the vision of "Building profitable and socially responsible financial institution focused on Market and Business with Growth potential, thereby assisting BRAC and stakeholders to build a just, enlightened, healthy democratic and poverty free Bangladesh”, BRAC Bank Limited has started its journey in the Banking Sector of Bangladesh.
Now, BRAC Bank Limited is one of the leading private bank in Bangladesh. BRAC Bank has received the commerical banking license from Bangladesh Bank in 2001. Since then it has established its name and branding with its quality of service and products. In a very short time BRAC Bank became one of the successful and fastest growing private bank in Bangladesh.
BRAC Bank is owned partially by BRAC, the largest non-government organization in the world, International Finance Corporation (IFC), the private sector arm of The World Bank Group, and ShoreCap International. The head office of the bank is situated at Gulshan, Dhaka. BRAC Bank operating its busness in whole Bangladesh. BRAC Bank is expanding its branch network rapidly through out the country.
Currently, BRAC Bank has 100 Branches, 60 SME Service Centers, 3 SME/Krishi Branches, more than 300 ATMs and 424 SME Unit offices across the country. It has disbursed over BDT10,000 crores of SME loan and has over 500,000 individual customers who access online banking facilities. Its services cuts across all strata of clientele, be it corporate, retail or SME.
BRAC Bank provide all sort of banking service to the mass people of Bangladesh. Among them, BRAC Bank is well known for its SME Banking in Bangladesh.
Services Provided By BRAC Bank:
- SME Banking
- Corporate & Institutional Banking
- Retail Banking
- Banking Services for Non-Resident Bangladeshi (NRB)
BRAC Bank quick overview:
- Fastest growing bank in the country for the last two years
- Leader in SME financing through 350 offices
- Biggest suit of personal banking & SME products
- Large ATMs (Automated Teller Machine) & POS (Point of Sales) network
Retail Banking Products
BRAC Bank has a variety of retail banking products for consumers including Loans, Deposit Schemes, Accounts Service, Cards, Other Services. BRAC bank has recently started e-commerce banking through their e-commerce gateway. BRAC Bank provides VISA local and international credit and debit cards to their consumers.
BRAC Bank has one of the largest ATM network of its own in Bangladesh with more than 300 both. In addition to this BRAC Bank is the lead arranger of OMNIBUS shared ATM network.
Banking Awards & Achievement:
- FT Sustainable Bank of the Year 2010 Award:
BRAC Bank has been awarded as the Sustainable Bank of the Year 2010 at the FT Sustainable Banking Awards 2010. The award was jointly announced by Financial Times newspaper and IFC at the award ceremony on 3rd June 2010 in London.
- DHL–Daily Star Bangladesh Business Awards 2008:
BRAC Bank received the prestigious Business Award styled DHL-Daily Star Bangladesh Business Awards 2008 as ‘Best Financial Institution of the Year’ for its innovation in products, services, financial performance/ productivity, company management and contribution to Bangladesh’s development. BRAC Bank is a full fledged commercial bank; yet, it has significantly contributed in the development of SME sector by creating a unique model of collateral free SME lending, which enabled the SME entrepreneurs (the missing middle) to get easy access to finance. Furthermore, with its wide distribution network, BRAC Bank reached the greater population even at the distant corners of Bangladesh.
- National Award as the Highest VAT payer for the financial year 2007-2008:
BRAC Bank Limited has recently received the prestigious award for being the highest VAT paying organization in national level in service industry.
- ICAB National Award:
BRAC Bank Limited has been awarded ICAB National Award from Institute of Chartered Accountants of Bangladesh (ICAB) for one of the Best Published Accounts & Reports 2007 recently.
Corporate Social Responsibility (CSR) of BRAC Bank:
Since the inception as a responsible corporate body BRAC Bank Limited has undertaken various initiatives considering the interest of customers, employees, shareholders, communities and environment. These initiatives go beyond the statutory obligation/mandatory compliances to voluntary activities that promote sustainable development. BRAC Bank’s vision which focuses on double bottom line that it should make decisions based not only on profit but also based on social and environmental consequences is closely linked to the principles of CSR. BRAC bank "Green Banking" is one of the innovative CSR policy which aims to reduce the use of paper to again both environmental and economic benefit.
Some other CSR initiatives taken by BRAC Bank during 2008 are:
- MoU with JCI for Health & Safety training initiatives for SMEs
- BRAC Bank supported Bangladesh Hockey Federation
- National Vitamin A plus Campaign
- 15th All Asians Inter Varsity Debate Championship
- BRAC Bank Sponsors National Career Fair
- BRAC Bank Sponsors Bangladesh Travel & Tourism Mart
- BRAC Bank Partnering with Dhaka Metropolitan Police