Brac Bank opens 800th agent banking outlet
Brac Bank has achieved a milestone of opening the 800th agent banking outlet recently.
Nazmur Rahim, head of alternate banking channels of the bank, inaugurated the outlet at Kaziganj Bazar in Habiganj on Monday.
The bank serves around 2.10 lakh unbanked people in rural and semi-urban areas through its agent banking channel, a press release said.
Agent banking channel carries over 222,500 transactions worth over Tk 2,000 crore per month.
From account-opening to cash withdrawal, loan to EMI payment, remittance service, and utility bill payment, agent banking outlets are now the place to go for the local people for any day-to-day banking.
Brac Bank has been expanding this alternate banking channel quickly since entering into the agent banking business in October 2018.
Its agent backing outlet tally is expected to reach 1,000 by December 2022.