BRAC Bank Limited

It is not just a place for transactions – BRAC Bank is a place where potentials are realized BRAC Bank started its journey on 4th July 2001 as a private commercial bank focused on Small and Medium Enterprises (SME). In just a decade, the Bank has become a leading bank in Bangladesh, keeping its core focus in SME yet becoming one of the country’s leading financial hypermarket. Today BRAC Bank holds a dynamic network of 187 branches, 465 SME unit offices and 365 ATMs across the country. The stakeholders of the bank are BRAC, the largest non-government organization in the world and International Finance Corporation, the private sector arm of The World Bank. BRAC Bank believes in people and planet but in a profitable manner. The business model of creating sustainable banking of including more people within the banking system is simple: BRAC Bank accumulates funds from urban deposits and disburses in the rural towards uplifting Small and Medium Enterprises (SME). Achievements and Recognitions: Its success reflects its rapidly expanding global footprint and commitment to delivering high quality, client-centric integrated wealth management solutions and advice. In 12 years of operating BRAC Bank has achieved a significant amount of respect, honour and recognition from home and abroad shows commitment towards quality services as a bank. In these years BRAC Bank has achieved • Best managed Bank Award 2013 from Asian Banker • Retail Banker Award 2011 from Asian Banker • Best Retail Banker Award 2011 from Asian Banker • FT-IFC Sustainable Bank of the Year 2010 (Emerging Markets, Asia) • IFC awarded BRAC Bank as the Most Active Global Trade Finance Program (GTFP) Issuing Bank in South Asia in 2010 • Member of Global Alliance for Banking on Values (GABV) • ICAB National Award 2009 • DHL–Daily Star Bangladesh Business Awards 2008 • NBR National Award as the Highest VAT payer for the financial year 2007-2008 Corporate Social Responsibility (CSR): In line with 3P philosophy, BRAC Bank has been actively engaged in CSR Initiatives that support the People, protect the Planet while ensuring Profitability. These initiatives go beyond the statutory obligation/ mandatory compliances to voluntary activities that promote sustainable development. BRAC Bank focuses on education where it strives to dream come true for destitute students, patronize students to build the nation, encourage science through awarding science students and spread hope through schools. BRAC Bank is also compassionate about naturally challenged autistic children and environment for which it involves itself round the year. Apart from all these, training for nurses, library establishment, warm cloth distribution to poor people, solar panel for SME units are among the few initiatives. Subsidiaries: Being a pioneer in the financial industry, BRAC Bank also ventures towards its subsidiaries to explore more and more new areas of businesses considering new requirement from its consumers. The subsidiaries are • BRAC EPL Investments Limited • BRAC EPL Stock Brokerage Ltd • bKash (Mobile banking service) Ltd • BRAC Saajan Exchange Limited • BRAC IT Services Limited (BITS) OMNIBUS, an association of member institutions, which will provide shared ATM and POS network facilities to banks through a neutral mother switch. OMNIBUS was formed as a result of a need for a neutral and centralized gateway. And as a result, BRAC Bank took the initiative. And with BRAC Bank, Q-Cash came forward with its members to join hands to form OMNIBUS.