Its July-September profit was Tk 419.62 crore
Though the government allocates Tk 100 crore in the national budget every year for the development of women entrepreneurship, not a single penny of this money gets used as the entrepreneurs lack awareness on how to ensure optimum utilisation of the fund.
The bank will support 3,500 MSMEs and women-led businesses in Bangladesh
Mobile financial service provider bKash logged a profit of Tk 103.9 crore in 2023, up by a massive 504 percent year-on-year
The bank will initially offer insurance products from MetLife Bangladesh and Green Delta Insurance
Minimum investment threshold is Tk 10 lakh
BRAC Bank has suspended all sorts of cash withdrawals by its cardholders outside Bangladesh, a development that comes amid the country’s lingering forex crisis.
BRAC Bank PLC has appointed two female drivers, Sharmin Akter Shanta and Tulona Akther, as part of its diversity and inclusion policy.
BRAC Bank PLC registered a 38.72 percent increase in profit to Tk 581.41 crore in the nine months to September this year.
ICT trailblazers to be honoured
Brac Bank Limited has got the nod to issue a fully redeemable, non-convertible, unsecured floating rate subordinated bond worth Tk 700 crore.
Brac Bank Limited has received permission from the central bank to raise its authorised capital from Tk 2,000 crore to Tk 5,000 crore.
The establishment of the proposed digital bank named “bKash Digital Bank PLC” is subject to the approval of the Bangladesh Bank, it said in a disclosure for general investors in the stock market.
Mayeenuddin was appointed as an independent director to the board in December 2021
Six financial institutions will give the loans
They are Brac Bank, City, Dutch-Bangla, Eastern, NCC, Premier and Mercantile
With effect from today, Hasan replaced Ahsan H Mansur
No bank in Bangladesh has ever made so much profit in a year
Brac Bank Limited posted a nearly 25 per cent year-on-year increase in profit in the January-March quarter of 2023.
