Brac Bank sees financial inclusion of 5m in 5 yrs

Posted by BankInfo on Mon, Apr 25 2011 06:38 am

Brac Bank sees financial inclusion of five million people through its new mobile-banking business within the next five years.

Sir Fazle Hasan Abed, founder chairman of the bank and chairperson of Brac, said this at a courtesy visit to the bank on Sunday. He formally inaugurated the annex building of Brac Bank at the bank’s head office at Tejgaon in the city on Sunday, said a press release.

His visit coincided with the 10th anniversary of the bank, an institution he founded with the philosophy of serving small and medium entrepreneurs of the country.

Originally founded on a small three-storey premise, Brac Bank’s head office today has over 170,000 square feet area together with this new premise. About 2,000 employees work at different capacities at the head office, a force that has taken this youngest bank into being one of the top in the country, said the press release.

Addressing to bank employees, Sir Fazle Hasan Abed said that Brac Bank started as the first SME banking and now has become one of the largest private banks in the country with 1.2 million customers and whole array of financial solutions.

“We started with a vision of financial inclusion of the mass people. You will soon see a new mobile-banking business where customers can access their account through cell phone. Customers at the farthest end of the country will now be able to do banking. With this, we hope we will have inclusion of 5 million customers in next 5 years,” he said.

Sir Abed reiterated: “As a member of global alliance for banking on values, Brac Bank operates under a ‘Triple Bottom Line’ agenda – People, Planet and Profit. We serve people and planet and sustain reasonable profit. We are proud to have a dedicated workforce who contributed greatly for growth and development of this bank.” He said Brac Bank will have its own building very soon. Muhammad A (Rumee) Ali, chairman of Brac Bank along with Syed Mahbubur Rahman, managing director and CEO, Management Committee Members and other officials of the bank were present during Sir Abed’s visit.

News: Daily Sun/Bangladesh/Apr-25-2011

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