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Understanding BRAC Bank
BRAC Bank is a prominent private commercial bank located in Bangladesh, established in 2001. As a subsidiary of BRAC, one of the world’s largest non-governmental development organizations, the bank plays a significant role in the nation’s financial landscape. The bank’s core mission is to provide comprehensive financial services tailored to the needs of small and medium-sized enterprises (SMEs), thereby contributing to economic growth and inclusive development within the country.
BRAC Bank’s commitment extends beyond merely banking services; it actively works to create sustainable economic opportunities for individuals and businesses that strive to overcome financial barriers. By focusing on SMEs, the bank recognizes the importance of this sector in driving job creation and economic empowerment. Thus, its offerings are designed to address the unique challenges faced by these businesses, fostering a holistic financial ecosystem.
Among its wide array of products and services, loan products and deposit products stand out. The bank provides various loan options, accommodating the diverse needs of its clientele. From business loans that help entrepreneurs expand their operations to personal loans that support individual financial aspirations, BRAC Bank aims to ensure accessibility to essential capital. This is crucial for individuals and businesses looking to invest in growth and development.
In terms of deposit products, BRAC Bank offers various innovative solutions that encourage saving and investment. With competitive interest rates and flexible terms, the bank’s deposit products are designed to cater to different segments of society, promoting a culture of saving among its customers. The bank also leverages technology to enhance customer experience, allowing for seamless online banking services that make saving and managing finances more convenient.
BRAC Bank has established a robust presence across Bangladesh, with numerous branches strategically located to serve its diverse clientele. The bank continues to invest in expanding its network, ensuring that even the most remote areas have access to essential banking services. The focus on customer service and financial literacy further underscores the bank’s commitment to enhancing the banking experience for all customers.
In addition to its banking services, BRAC Bank actively participates in community development initiatives, reflecting its commitment to social responsibility. The bank understands that financial growth can significantly impact the community at large, which is why it engages in various developmental programs aimed at uplifting underserved populations. By aligning its business objectives with community needs, BRAC Bank creates a pathway for shared prosperity.
As part of its operational ethos, BRAC Bank emphasizes transparency and accountability. The bank is committed to maintaining high ethical standards and ensuring that customer trust remains paramount. This dedication to integrity not only strengthens customer relations but also reinforces the bank’s reputation in the competitive banking sector.
In summary, BRAC Bank stands as a cornerstone of Bangladesh’s banking sector, with its extensive array of services aimed primarily at empowering SMEs and fostering economic growth. By integrating social responsibility into its operations and maintaining a strong focus on customer needs, BRAC Bank exemplifies a modern financial institution committed to serving its community and supporting the nation’s economic development.
| Detail | Information |
| Bank Name | BRAC Bank Limited |
| SWIFT Code | BRACBDDH |
| IBAN | BDXX 1234 5678 9012 3456 7890 1234 |
| Branch | Dhaka Main Branch |
| Address | BRAC Bank Limited, 1 Gulshan Avenue, Gulshan-1, Dhaka-1212 |
| Country | Bangladesh |
| Phone Number | +880 2-9827630 |
| Official Website | www.bracbank.com |
BRAC Bank Information
BRAC Bank Limited, a prominent name in Bangladesh’s banking landscape, was established in 2001 as a subsidiary of BRAC, a leading development organization with a rich history dating back to 1972. The bank focuses on providing comprehensive financial services to support small and medium-sized businesses (SMBs), thereby contributing significantly to the country’s economic growth. With its diverse range of financial products, including retail loan and deposit products, BRAC Bank aims to create opportunities and facilitate progress for individuals and businesses alike.
Overview of BRAC Bank Services
BRAC Bank Limited stands as one of the most prominent private commercial banks in Bangladesh, dedicated to serving the financial needs of individuals and businesses alike. Founded in 2001 as a subsidiary of BRAC—an internationally recognized development organization—the bank offers a diverse range of services that cater to both retail and corporate clients. Through its comprehensive offerings, BRAC Bank aims to empower people and contribute to the economic growth of Bangladesh, particularly focusing on small and medium-sized enterprises (SMEs).
Retail Banking Services
BRAC Bank provides a robust suite of retail banking services designed to address the varied financial requirements of individuals. The bank’s product range includes savings accounts, current accounts, fixed deposits, and various loan products. Their savings accounts offer competitive interest rates, making it an attractive option for individuals looking to save and grow their money. In addition, BRAC Bank ensures that opening an account is a straightforward process, which is essential in today’s fast-paced environment. To learn more about account opening procedures, you can visit this link.
Loan Products
One of the standout features of BRAC Bank’s offerings is its extensive range of loan products. The bank provides personal loans, home loans, auto loans, and business loans, catering to the diverse financial needs of its customers. Each loan product is tailored to meet specific requirements, ensuring borrowers can find a suitable solution that fits their financial situation. For instance, personal loans are designed to provide individuals with quick access to funds for immediate needs, while home loans enable clients to purchase their dream homes. The application process is user-friendly, allowing customers to apply online for efficiency.
Deposit Products
BRAC Bank also excels in offering a variety of deposit products. These include fixed deposits, savings accounts, and recurring deposit accounts. Fixed deposits provide customers with opportunities to earn higher interest rates over a predetermined period, making them a reliable choice for those looking to secure their investments. The bank continues to innovate in its deposit services, providing flexible terms and attractive returns that cater to both short-term and long-term investors.
Internet Banking
In today’s digital age, internet banking has become essential, and BRAC Bank has embraced technology to enhance customer convenience. Their robust online banking platform allows individuals to conduct transactions, manage accounts, and access statements with ease. Clients can transfer funds, pay bills, and even apply for loans—all from the comfort of their homes. This service empowers clients to take charge of their finances without needing to visit a physical branch, ensuring a seamless banking experience.
Investment Opportunities
For customers looking to grow their wealth, BRAC Bank offers a range of investment opportunities. Through partnerships with various financial entities, clients can explore options such as stocks, mutual funds, and retirement plans. The bank’s advisory services guide investors in making informed decisions, ensuring they understand the potential risks and rewards associated with different investment vehicles.
Customer Support and Careers
BRAC Bank places a strong emphasis on customer service, providing dedicated support to address inquiries and resolve issues promptly. In addition, the bank fosters a progressive work environment, actively hiring skilled professionals in various roles. Job seekers can explore career opportunities to join the dynamic team at BRAC Bank, which is committed to innovation and excellence in the banking industry.
Key Information about BRAC Bank
| Key Information | Details |
| Trade name | BRAC Bank Limited |
| Founded | 2001 |
| Founder | Sir Fazle Hasan Abed |
| Headquarters | Dhaka, Bangladesh |
| Number of locations | Over 200 branches |
| Area served | Bangladesh |
| Products | Retail loan products, deposit products |
| Services | Internet banking, mobile banking, account opening |
| Card Services | Debit and credit cards |
| Commercial Banking | Services for small and medium-sized businesses |
| Revenue | Approximately ৳XX billion (latest data) |
| Net income | Approximately ৳XX billion (latest data) |
| Total assets | Approximately ৳85.12 billion |
