BRAC Bank, UCB Asset Management sign custodial services agreement

BRAC Bank Limited and UCB Asset Management Limited have signed a Custodial Service Agreement. The agreement will enable BRAC Bank to provide custodial services to UCB Asset Management for the operation of ‘UCB Taqwa Growth Fund’, a new open-ended mutual fund. Tareq Refat Ullah Khan, DMD & Head of Corporate Banking, BRAC

BRAC Bank organises countrywide cattle farming awareness drive

BRAC Bank recently organised a series of awareness programmes across the country to disseminate knowledge of efficient farming among the cattle farmers. At the sessions, Upazilla Livestock Officers (ULO) discussed about feed, disease, design of cattle shed and other important issues for successfully running commercial cattle farming venture. Financial management, easy

BRAC Bank recognized for 5 years in a row in corporate governance

BRAC Bank's corporate governance profile has reached a new height as the bank has made a record in winning the prestigious Institute of Cost and Management Accountants of Bangladesh (ICMAB) recognition for five years in a row.  The ICMAB has awarded "Gold Award" in ICMAB Best Corporate Award 2020 to BRAC

Brac Bank crosses 700 agent banking outlet milestone

Brac Bank has crossed 700 milestone by opening 705 agent banking outlets as rapid network expansion drive across the country continues. It now serves 1.40 lac unbanked people mostly in rural and semi-urban parts of the country as the channel's rural penetration hits the industry highest at 77%. Agent banking channel

BRAC Bank increases junior-grade salaries up to 50pc

BRAC Bank has recently increased the salaries of junior grade employees, SPO and below, by up to 50% from January 1, 2022. With 7,500 Full-Time Employees(FTEs), BRAC Bank is one of the largest employers in the Bangladesh banking sector. This new competitive compensation package is expected to further motivate the bank’s

BRAC Bank signs distributor financing agreement with GPH Ispat

BRAC Bank has signed a Distributor Financing Agreement with GPH Ispat, a leading steel manufacturer in Bangladesh. Under the agreement, the distributors of GPH Ispat across the country will get collateral free loan from BRAC Bank for smooth business operations. The agreement will be immensely beneficial for the dealers and distributors of

Clayfin, Brac Bank win Most Impactful Digital Platform Implementation award

Brac Bank and Clayfin Technologies, a customer experience focused digital solutions provider for financial institutions, have been awarded the "Best Digital Channel/Platform Implementation Award – Most Impactful Platform" at IBSi Global FinTech Innovation Awards 2021. The award has been given in recognition of the collaborative implementation of Brac Bank's new digital

Nurun Nahar Begum becomes CTO of BRAC Bank

Nurun Nahar Begum has been appointed as the Chief Technology Officer (CTO) at BRAC Bank. Her appointment has taken effect from 01 January 2022. She will be a member of the bank’s Management Committee. The homegrown CTO brings in 20 years of experience in the technology field at the bank’s Technology Division