Tag: BRAC Bank

BRAC Bank donates Tk 5 crore to BAF for flood rescue

- Times Report -

BRAC Bank has announced a contribution of 5 crore taka to the Bangladesh Air Force (BAF) to support their ongoing rescue and relief operations in the flood-affected areas of the country. This decision, made with the wholehearted support of the Board of Directors, underscores the bank’s commitment to stand by

BRAC Bank signs MoU with BRAC Kumon

- Times Report -

BRAC Bank has signed a Memorandum of Understanding (MoU) with BRAC Kumon to provide essential financing support for BRAC Kumon franchisees. Syed Abdul Momen, Deputy Managing Director (DMD) and Head of SME Banking of BRAC Bank, and Nehal Hasan, Chief Business Officer of BRAC Kumon Ltd., signed the MoU on

BRAC Bank holds AML training

- Times Report -

BRAC Bank organized a day-long workshop on the Prevention of Money Laundering and Combating Financing of Terrorism for its officials in Chattogram. Arief Hossain Khan, Executive Director of Bangladesh Bank, attended the training as the chief guest. Md. Arifuzzaman, Director of Bangladesh Bank delivered the keynote address, while Md. Abdul

BRAC Bank partners with VisionSpring

- Times Report -

BRAC Bank has joined forces with VisionSpring to extend complimentary eye care through 'Aporajeyo Ami,' - the bank's flagship corporate social responsibility (CSR) initiative dedicated to health. The two organisations signed a partnership agreement at the bank's head office in Dhaka in July 2024. Sabbir Hossain, DMD and Chief Operating

BRAC Bank, GUK renew partnership

- Times Report -

BRAC Bank and Gram Unnayan Karma (GUK) have again signed a strategic alliance to help farmers in remote char areas grow high-value crops using innovative agricultural technology and knowhow. The two organizations will work together as part of a specially designed Corporate Social Responsibility (CSR) initiative focused on agriculture. The

BRAC Bank signs payment gateway deal with Foodi

- Times Report -

BRAC Bank has signed a payment gateway agreement with Foodi Express Limited facilitating seamless payment facility for customers of the food delivery platform in Bangladesh. Md. Mahiul Islam, Deputy Managing Director & Head of Retail Banking, BRAC Bank, and Shahnewas Mannan, COO, Foodi Express Limited, signed the agreement on behalf of

BRAC Bank again posts strong deposit

- Times Report -

BRAC Bank’s consolidated Net Profit After-Tax (NPAT) in first six months of 2024 grew by 77% year-on -year to TK 591 crore supported by strong deposit and revenue growth. On a standalone basis, bank’s customer deposits grew by 34% on annualized basis, from TK 49,132 crore to TK 57,511 crore in

BRAC Bank TARA partners with MetLife

- Times Report -

BRAC Bank TARA has partnered with MetLife to provide a Micro Deposit Insurance Facility at no cost to rural women through the BRAC Bank Agent Banking Channel. The signing ceremony of the agreement took place on July 9, 2024, with representatives of MetLife, including Muhammad Asif Shams, Head of Bancassurance;