Female leaders in key frontline roles play a significant part in the bank's business growth
663 unique investors participate in the long-term bond
In a year marked by financial uncertainty, five banks in Bangladesh have emerged as beacons of resilience and trust. Islami Bank, already a leader in the sector, has been joined by BRAC Bank, City Bank, Pubali Bank, and Dutch-Bangla Bank in reaching the coveted Tk 2,000 crore milestone in operating profit.
The Bangladesh Bank (BB) has found a mismatch of Tk 82.44 lakh between cash kept in BRAC Bank’s Chokoria branch vault in Cox’s Bazar and that mentioned in its books..The difference was detected during an inspection of the central bank..The BB started the inspection on December 22 las
BRAC Bank achieved a milestone of facilitating wage remittances totalling USD 1.5 billion in 2024
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
Brac Bank is going to get $100 million from Japan International Cooperation Agency (Jica) and Citibank NA as loan mainly to finance green factory, renewable energy, energy and resource efficiency and efficient waste management.
Brac Bank has launched the country’s first end-to-end digital loan app Shubidha.
A three-day summit of the Global Alliance for Banking on Values (GABV) will start tomorrow in Dhaka to share ideas and find solutions for sustainable run of the financial industry.
The six banks are Standard Chartered Bangladesh, Brac Bank, Dutch-Bangla Bank, The City Bank, Southeast Bank and Prime Bank.
Global temperatures have been rising at an alarming pace in recent years thanks to increased human activity and as such, even climate change deniers can now perceive the growing heat wave.
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.
