Financial sector experts have suggested that banks and MFIs together would pave a better way to achieve the goal of financial inclusion in Bangladesh. Speakers expressed their opinion at a Brac Bank-organised webinar on the "impact of the Covid-19 pandemic on the microfinance industry" recently, reads a press release. The webinar titled
Tag: BRAC Bank
BRAC Bank regains business momentum
Regaining business momentum in the ongoing pandemic environment, BRAC Bank has posted a profit after taxes of Taka 285 crore on a standalone basis and Taka 215 crore on a consolidated basis in the January-June period of 2021. The growth is mainly driven by efficient balance sheet management, improved net interest
BRAC Bank to observe National Mourning Day throughout August
BRAC Bank has planned to observe the National Mourning Day throughout the month of August. As Bangladesh observed the 46th death anniversary of its Founder, Bangabandhu, BRAC Bank placed banners in his memory in all its 187 branches, , a press release said. The bank also organized three separate prayer sessions on
BB rates BRAC Bank as one of the top 10 sustainable banks
BRAC Bank, the pioneer of SME Banking in Bangladesh, has earned a place among the top 10 sustainable banks based on their performance in the year 2020. The Sustainable Finance Department of Bangladesh Bank published the top-ten sustainable banks’ list and top-five NBFIs on its website, based on a rating. It is
BRAC Bank wins UNCDF’s Women Enterprise Recovery Fund
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund (UNCDF) with partners FMO, Visa, and the Government of Canada have recently announced the winners of the Women Enterprise Recovery Fund. BRAC Bank was named a winner among the 10 recipients
BRAC Bank contributes 4.54cr in emergency food support
BRAC Bank has contributed a fund of BDT 4.54 crore to support 30,267 families in emergency food support. Each family will receive BDT 1,500 which will enable them to buy essential food and other emergency necessities for two weeks, a press release said on Monday. To implement the project the bank has
BRAC Bank announces ‘Uddokta 101’ winners
BRAC Bank has announced three winners from the first batch of students of the country's first SME accelerator programme, Uddokta 101, a press release said. The winners are FarhanaRahman (Owner, Diva's World), MishaMahjabeen (CEO, Healthy Bengal), and Khaleda Sultana (CEO, Jutemart). 'Uddokta 101' is the country's first accelerator programme for SMEs that
BRAC Bank achieves international data security certification
BRAC Bank, the pioneer of SME banking in the country, has achieved a distinct benchmark of compliance for maintaining a high level of data security of the customers. The bank has recently achieved compliance with the Payment Card Industry Data Security Standard (PCI-DSS) to obtain the certification. PCI-DSS Certificate is regarded as
BRAC Bank gets a new DMD
BRAC Bank provides food support to Mehmankhana
BRAC Bank has committed to provide food supplies to contribute to the free-meal programme by 'Mehmankhana', a quaint corner of Dhaka's Lalmatia Residential Area, said a press release. The first food shipment has reached Saturday. 'Mehmankhana', as the organizers call it, is coordinated and run by volunteers who started feeding the low-income