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BRAC Bank PLC information


BRAC Bank PLC.
Company typePublic limited company
Traded as
DSE: BRACBANK
CSE: BRACBANK
IndustryFinancial services
Banking
Founded4 July 2001; 22 years ago (2001-07-04)
FounderFazle Hasan Abed
HeadquartersAnik Tower, 220/B Tejgaon Gulshan Link Road, Tejgaon, Dhaka-1208
Dhaka, Bangladesh
Number of locations
187 branches
Key people
  • Meheriar M. Hasan (Chairperson)
  • Selim R. F. Hussain (Managing Director)
  • M Masud Rana FCA (CFO)
  • Anita Ghazi (Independent Director)[1]
RevenueIncrease 28.727 billion (US$270 million) (2020)
Operating income
Increase 6.81 billion (US$63 million) (2021)
Net income
Increase 5.46 billion (US$51 million) (2021)
Total assetsIncrease 527.91 billion (US$4.9 billion) (2021)
Total equityIncrease 76.95 billion (US$720 million) (2021)
Number of employees
7740 (2020)
ParentBRAC, IFC
SubsidiariesbKash Ltd.
BRAC Saajan Exchange Ltd.
BRAC EPL Investments Ltd.
BRAC EPL Stock Brokerage Ltd.
Websitebracbank.com
Footnotes / references
[2]

BRAC Bank PLC[3] is a private commercial bank in Bangladesh, founded in 2001. The bank is a subsidiary of BRAC, a leading development organization in the country. BRAC Bank is known for its focus on small and medium-sized enterprises (SMEs).[4]

The bank has a network of over 187 branches, 457 SME unit offices, and over 329 ATMs, 10 CDMs, 68 RCDMs across the country. In addition to traditional banking services such as deposits, loans, and card, BRAC Bank also offers digital banking, including online banking, mobile banking, and e-wallet services.[5]

  1. ^ "Anita Ghazi Rahman joins BRAC Bank Board as Independent Director". Prothom Alo English. 11 February 2024. Retrieved 17 April 2024.
  2. ^ "Annual Report 2020" (PDF). Archived (PDF) from the original on 22 May 2021. Retrieved 22 May 2021.
  3. ^ "Brac Bank" (PDF). bracbank.com. Archived (PDF) from the original on 10 October 2023. Retrieved 23 March 2023.
  4. ^ "BRAC Bank, SME Foundation organises capacity-building programme for 100 women entrepreneurs in Rangamati". The Business Standard. 22 March 2023. Archived from the original on 4 June 2023. Retrieved 23 March 2023.
  5. ^ "BRAC Bank's bKash Launches Mobile Banking Services in Bangladesh". brac.net. Archived from the original on 4 May 2023. Retrieved 23 March 2023.

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