BRAC Bank Ltd has won “Best Bank in Bangladesh Award” in the FinanceAsia’s Country Awards for Achievement 2013.

The bank’s managing director and CEO Syed Mahbubur Rahman received the award on behalf of the bank at Country Awards Gala Dinner at Hotel Fort Canning in Singapore recently, said a press release.

“BRAC Bank pioneered lending to small and medium-sized enterprises in Bangladesh, which represent the bulk of economic activity but go ignored by the bigger lenders. The bank has contributed to a more inclusive growth model for Bangladesh,” FinanceAsia cited in award note.

The bank’s CEO said: “This is an honour for all of us, all 8,000 people at BRAC Bank as we celebrate 12th anniversary this year. We consider this international recognition as impetus to reach new height.”

“We have set an example locally and globally in financial inclusion through SME Financing. While we continue to focus on SME Banking and maintain our leadership position, we will strive for excellence in other areas too,” he added. This accolade comes as the second international honour for BRAC Bank in 2013 after “Best Managed Bank Award” from The Asian Banker earlier this year.