BRAC Bank, BFDS to ensure easy banking for freelancers

BRAC Bank and Bangladesh Freelancer Development Society (BFDS) have joined to ensure smooth banking services for the freelancers of the country. BRAC Bank and BFDS, the forum that facilitates works and ventures of the freelancer community, signed a memorandum of understanding (MoU). The partnership followed BRAC Bank’s launch of the country’s first

Selim R.F. Hussain to lead BRAC Bank to 2026

The Chairman and Board of Directors of BRAC Bank Ltd. are pleased to re-appoint the current Managing Director & CEO, Selim R. F. Hussain, till March 2026, said a press release. Hussain’s reappointment has also been approved by the Central Bank and has been made effective from November, 2021. Hussain began his

BRAC Bank wins Fintech Innovation award for digital lending

BRAC Bank has won Fintech Innovation Award for Digital Lending at Bangladesh Fintech Award 2021. The bank’s project ‘Baki’ - Financing Retailers of the FMCG Partners– has clinched the Fintech Innovation of the Year 2021 award under Digital Lending category organized by Bangladesh Brand Forum. Baki provides digital lending solutions to legions

BRAC Bank’s TARA card holders to enjoy discount on saloons

BRAC Bank has signed a memorandum of understanding with various beauty salons of the city to celebrate the wedding season with TARA customers, said a press release. Under the agreements, TARA debit and credit card holders will enjoy exclusive discount up to 40% with renowned parlours on Bridal Packages and also

BRAC Bank receives highest tax-paying bank award

The National Board of Revenue (NBR) has recognized BRAC Bank as the one of the highest tax payers in banking sector and awarded Tax Card for Tax Year 2020-2021, said a press release. The bank was recognized with a tax card and a memento on being the 4th highest income tax

BRAC Bank retains B+ credit rating

The world’s leading credit rating agency, S&P Global Ratings, has upheld BRAC Bank's Credit Rating ‘B+’ with ‘Stable’ Outlook, despite Industry and economic challenges, said a press release. The agency has affirmed this credit rating for five consecutive years with stable outlook despite challenging operating environment. BRAC Bank is the only Bangladeshi

BRAC Bank achieves PCI DSS Certification

BRAC Bank has got the most rigorous and internationally recognized security standard for payment and card, showing its unassailable capability for data security.  The Payment Card Industry Data Security Standard (PCI DSS) Certification proves the bank’s strong commitment to safeguarding information and interests of the customers. The certification process involves rigorous testing

BRAC Bank posts BDT 138cr profit after tax in Q3‘2021

BRAC Bank has registered a Net Profit After-Tax (NPAT) of BDT 138 crore with a growth of 8 per cent for the third quarter (Q3) of 2021compared to the same quarter of 2020 (YoY) on standalone basis, said a press release. On a consolidated basis, i.e., with all its subsidiaries, the

BRAC Bank wins 3 excellence awards from Mastercard

The bank has received the award in three categories – ‘Excellence in Mastercard POS Acquiring Business 2020-21’ for outstanding business, ‘Excellence in Launching New category (Women) 2020-21’ for TARA World Credit Card and ‘Excellence in Launching New category (Youth) 2020-21’ for Millennial Titanium Credit Card, said a press release. The awards