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.
Brac Bank has enhanced the fund transfer limits on its Astha mobile app and Astha web interface to provide customers with a better digital banking experience.
Losses of bKash, a subsidiary of Brac Bank, widened by 83 per cent year-on-year in 2021, even though its revenue rose by 21 per cent, for incurring higher costs on training, investment and waivers on the charge to send money.
Brac Bank is a private commercial lender, but it put the unbanked population and sustainable banking at the heart of its activities from the word go instead of making hefty profits because of its deep conviction that if it can serve the society and clients well, profits will automatically pour in.
Brac Bank has partnered with five new exchange companies to channel wage earners’ remittance through its countrywide network.
Brac Bank has decided to go big with agent banking in a bid to get business by providing financial services to the unbanked.
A senior officer of a private bank reportedly has been “traceless” from Dhaka city’s Niketan area.
The Asian Development Bank (ADB) signs a $30-million loan deal with Brac Bank, which will be used to finance the construction and upgrade of garment factories in Bangladesh.
Miscreants shoot a bKash agent and loot Tk 5 lakh from him in Mirpur area of Dhaka.
The Daily Star presents awards to around 2,000 students who achieved outstanding results in O and A levels examinations in 2014 and 2015.
A gang of 11 men has been arrested from a Brac Bank branch in Gulshan in connection with Fixed Deposit Receipts (FDRs) frauds worth Tk 90 crore
