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    History of BRAC Bank

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    rayhan555
    BRAC Bank Limited is one of the newest commercial banks in Bangladesh, established in 2001 as an affiliate of BRAC, one of the world's largest NGOs. It has experienced rapid growth, becoming the fastest growing bank in 2004 and 2005. The bank operates with a dual mission of profitability and social responsibility, aiming to reduce poverty and empower communities in Bangladesh. It focuses on providing services to small and medium enterprises that traditionally lack access to conventional banking.

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    History of BRAC Bank

    Uploaded by

    rayhan555
    3K views7 pages
    BRAC Bank Limited is one of the newest commercial banks in Bangladesh, established in 2001 as an affiliate of BRAC, one of the world's largest NGOs. It has experienced rapid growth, becoming the fastest growing bank in 2004 and 2005. The bank operates with a dual mission of profitability and social responsibility, aiming to reduce poverty and empower communities in Bangladesh. It focuses on providing services to small and medium enterprises that traditionally lack access to conventional banking.

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    History of BRAC bank

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    History of BRAC bank

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    BRAC Bank Limited is one of the newest commercial banks in Bangladesh, established in 2001 as an affiliate of BRAC, one of the world's largest NGOs. It has experienced rapid growth, becoming the fastest growing bank in 2004 and 2005. The bank operates with a dual mission of profitability and social responsibility, aiming to reduce poverty and empower communities in Bangladesh. It focuses on providing services to small and medium enterprises that traditionally lack access to conventional banking.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    3K views7 pages

    History of BRAC Bank

    Uploaded by

    rayhan555
    BRAC Bank Limited is one of the newest commercial banks in Bangladesh, established in 2001 as an affiliate of BRAC, one of the world's largest NGOs. It has experienced rapid growth, becoming the fastest growing bank in 2004 and 2005. The bank operates with a dual mission of profitability and social responsibility, aiming to reduce poverty and empower communities in Bangladesh. It focuses on providing services to small and medium enterprises that traditionally lack access to conventional banking.

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    Download as doc, pdf, or txt
    of 7

    About BRAC Bank Limited: BRAC Bank Limited, one of the latest generation of commercial banks started its

    journey on July 04,2001. It is an affiliate of BRAC (Bangladesh Rural Advancement Committee), one of the worldslargest non-governmental development organizations founded by Fazle Hasan Abed in 1972. It has been the fastest growing Bank in 2004 and 2005. The Bank operates under a "double bottom line"agenda where profit and social responsibility go hand in hand as it strives towards a povertyfree,enlightened Bangladesh. BRAC Bank Limited is a full service scheduled commercial bank. It has both local and InternationalInstitutional shareholder. The bank is primarily driven with a view of creating opportunities and pursuing market niches not traditionally meet by conventional banks. BRAC Bank has been motivatedto provide best-in-the-class services to its diverse assortment of customers spread across the countryunder an on-line banking dais. BRAC Bank, a fully operational Commercial Bank, focuses on pursuing unexplored market niches inthe Small and Medium Enterprise Business, which hitherto has remained largely untapped within thecountry. In the last five years of operation, the Bank has disbursed over BDT 2200 crore in loans tonearly 50,000 small and medium entrepreneurs in 2007. In addition to small business lending, BRAC Bank has fast growing remittance, savings mobilizationand consumer lending businesses. In the years ahead BRAC Bank expects to introduce many moreservices and products as well as add a wider network of SME unit offices, Retail Branches and ATMsacross the country.

    Corporate Vision
    Building profitable and socially responsible financial institution focused on Market and Business with Growth potential, thereby assisting BRAC and stakeholders to build a just, enlightened, healthy democratic and poverty free Bangladesh.

    Corporate Mission

    Sustained growth in Small & Medium Enterprise sector Continuous low-cost deposit Growth with controlled growth in retail assets. Corporate Assets to be funded through self-liability mobilization. Growth in Assets through syndications and investment in faster growing sectors. Continuous endeavor to increase non-funded income Keep our debt charges at 2% to maintain a steady profitable growth Achieve efficient synergies between the banks branches, SME unit offices and BRAC field offices for delivery of remittance and Banks other products and services Manage various lines of business in a full controlled environment with no compromise on service quality Keep a divers, far flung team fully controlled environment with no compromise on service quality Keep a diverse, far flung team fully motivated and driven towards materializing the banks vision into reality

    OWNERSHIP STRUCTURE:

    Name of Shareholder BRAC Mr. Fazle Hasan Abed Mr. Syed Humayun kabir Mr. A.S Mahmud Mr. Faruq A. Choudhury Mr. Dr. Saleh Uddin Ahmed Mr. Md. Aminul Alam Ms. Tamara Hasan Abed Mr. Shib Narayan Kairy International Finance Corporation (IFC) ShoreCap International Ltd. General Shareholders Total

    Total Shares 11,717,732 265 265 222 222 266 366 222 202 14,34,273 231,184 133,84,381 267,69,600

    % of Total Share 43.77 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 5.36 0.86 50.00 100.00

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