BRAC Bank Limited

BRAC Bank Limited
Type	Public Limited
Industry	Financial Services Banking
Founded	4 July 2001
Headquarters	220/B Gulshan Tejgaon Link Road, Dhaka 1208 Dhaka, Bangladesh
Key people	Sir Fazle Hasan Abed KCMG, Chairman Mr. Selim RF Hussain, Managing Director & CEO ^[1]
Number of employees	8000 ^[2]
Parent	BRAC, IFC
Website	www.bracbank.com

BRAC Bank is a private commercial bank in Bangladesh focused on Small and Medium Enterprises (SME).

History

BRAC Bank was founded on 4 July 2001 to reach the large number of unbanked people which were not covered by traditional bank. The main concept of the bank was to facilitate Small and Medium Enterprises (SME).^[3]

Financial services

SME Banking
Retails Banking
Card Service (Credit & Debit)
Foreign Exchange & Related Services
Wholesale Banking & Custodial Service
Probashi Banking

Distribution network

Branch : 186 (December 2016)
SME Unit Office : 458
Remittance Delivery Point : 1800 ^[4]
ATM Booth : 350+
Apon Somoy (Financial Kiosk) : 16

Subsidiaries

The subsidiaries are^[5]

BRAC EPL Investments Limited
BRAC EPL Stock Brokerage Limited
bKash (Mobile banking service) Limited
BRAC Saajan Exchange Limited
BRAC IT Services Limited

ATM network

BRAC Bank has its own ATM network which is currently 400 +. In addition to this BRAC Bank is the lead arranger of OMNIBUS shared ATM network.

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.^[6]

See More

References

↑ Selim RF Hussain joins Brac Bank as its MD
↑ "BRAC Bank: 12 years of banking for financial inclusion". The Financial Express. 2012. Retrieved 2012-07-04.
↑ "BRAC Bank Limited – Banglapedia". en.banglapedia.org. Retrieved 2016-05-08.
↑ "BRAC Bank: 12 years of banking for financial inclusion :: Financial Express :: Financial Newspaper of Bangladesh". print.thefinancialexpress-bd.com. Retrieved 2016-05-08.
↑ "BRAC Bank Limited :: Knowing BRAC Bank » Company Profile » Corporate Vision, Mission & Values". www.bracbank.com. Retrieved 2016-05-08.
↑ http://www.omnibusbd.net/

List of banks in Bangladesh
Central bank	Bangladesh Bank
State-owned commercial banks	Agrani Bank Sonali Bank Rupali Bank Janata Bank
Private commercial banks	AB Bank Bangladesh Commerce Bank Limited Bank Asia Limited BRAC Bank Limited Dhaka Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited Farmers Bank Limited IFIC Bank Limited Jamuna Bank Limited Meghna Bank Limited Mercantile Bank Limited Midland Bank Limited Modhumoti Bank Limited Mutual Trust Bank Limited National Bank Limited NCC Bank Limited NRB Bank Limited NRB Commercial Bank Limited NRB Global Bank Ltd One Bank Limited Prime Bank Limited Pubali Bank Limited South Bangla Agriculture and Commerce Bank Ltd Southeast Bank Limited Standard Bank Limited The City Bank Premier Bank Limited Trust Bank Limited United Commercial Bank Ltd Uttara Bank Limited
Islamic Commercial Banks	Al-Arafah Islami Bank Limited Export Import Bank of Bangladesh Limited First Security Islami Bank Limited ICB Islamic Bank Islami Bank Bangladesh Ltd Shahjalal Islami Bank Limited Social Islami Bank Limited Union Bank Limited
Foreign commercial banks	Bank Alfalah Citibank NA Commercial Bank of Ceylon Habib Bank Limited HSBC National Bank of Pakistan Standard Chartered Bank State Bank of India Woori Bank
Specialized banks	Grameen Bank Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Bangladesh Development Bank Ltd BASIC Bank Limited Probashi Kallyan Bank Karmasangsthan Bank Ansar-VDP Unnayan Bank Shimanto Bank

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