BRAC Bank Limited | banks in bangladesh

BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organization, focused on Small and Medium Enterprises (SMEs). The bank has its head office in Dhaka, Bangladesh. It has 187 branches, 18 Premium Banking lounges, 457 SME Unit Offices, 481 agent banking outlets, 375 ATMs, and 96 CDMs.

BRAC Bank Limited began with the vision to provide banking solutions to the ‘unbanked’ Small and Medium Entrepreneurs. Taking inspiration from its parent organization BRAC, the largest NGO in the world, BRAC Bank introduced small-ticket loans to small and medium enterprises (SMEs), to specifically bring the grassroots entrepreneurs under the umbrella of formal banking service. Close to half of the bank’s lending portfolio is comprised of small and medium enterprises – popularly known as the ‘SMEs’.


BRAC Bank Limited


In 2001, BRAC Bank did not start its journey like any other conventional bank. The visionaries who led the bank realized that the previously neglected Small and Medium Enterprises (SME) sector plays a significant role in generating growth and creating employment in the country. Over the past few decades, traditional banks were reluctant to invest in this sector. At a time when it was almost impossible for SME entrepreneurs to get financing from the banking sector in Bangladesh, BRAC Bank stepped forward and came to finance these unbanked SME entrepreneurs.

BRAC Bank is a performance-driven dynamic organization, where its values are founded at the core of each and every activity as pillars. It is the only member of the Global Alliance for Banking on Values (GABV) from Bangladesh. The Global Alliance comprises 66 financial institutions operating in countries across Asia, Africa, Australia, Latin America, North America, and Europe – serving more than 60 million customers, holding up to USD 200 billion of combined assets under management and powered by a network of 80,000 co-workers.

BRAC Bank shares the 3P Philosophy – People, Planet, and Prosperity with the other partners of GABV. We believe that we have a responsibility towards the people we work with and the places we operate in. As a mission-driven bank, we prefer to work for the welfare of our people and society.


BRAC Bank Limited


History of BRAC Bank Limited

BRAC Bank was founded on 4 July 2001 to reach a large number of unbanked people who were not covered by traditional banks. The main concept of the bank was to facilitate Small and Medium Enterprises.

Financial services of BRAC Bank Limited

  1. SME Banking
  2. Retails Banking
  3. Card Service (Credit & Debit)
  4. Foreign Exchange & Related Services
  5. Wholesale Banking & Custodial Service
  6. Probashi Banking


BRAC Bank Limited

Distribution network of BRAC Bank Limited

  1. Business Region: 7
  2. Total Branches (Including SME SC/KB): 187
  3. Zonal Offices: 185
  4. Premium Lounges: 18
  5. ATMs: 375
  6. CDMs: 96
  7. SME Unit Office: 457
  8. Agent Banking Outlet: 481
  9. Remittance Delivery Point: 1800


The subsidiaries are

  1. BRAC EPL Investments Limited
  2. BRAC EPL Stock Brokerage Limited
  3. bKash (Mobile banking service) Limited
  4. BRAC Saajan Exchange Limited
  5. BRAC IT Services Limited

BRAC Bank ATM network

BRAC Bank has its own ATM network which is currently 457. In addition to this BRAC Bank is the lead arranger of the OMNIBUS shared ATM network.

OMNIBUS, an association of member institutions, will provide shared ATM and POS network facilities to banks through a neutral mother switch. OMNIBUS was formed as a result of a need for a neutral and centralized gateway. And as a result, BRAC Bank took the initiative. And with BRAC Bank, Q-Cash came forward with its members to join hands to form OMNIBUS.

Cricket Sponsorships of BRAC Bank Limited

The bank is the official kit sponsor for the Bangladesh national cricket team, Under-19 cricket team, and Bangladesh women cricket team for the period 2018 to 2020, meanwhile, the organization is the kit partner for the team since 2016 and renewed its term until January 2020.


BRAC Bank Limited


Awards And Recognitions for BRAC Bank Limited

The following awards were received by the bank:

  1. “Best Bank in Bangladesh” by Asiamoney, a leading financial publication in the Asia-Pacific region, for the third consecutive time
  2. “Best Operations Bank in South Asia” at the ‘9th IFC Trade Finance Awards FY2019 – Operations’ by International Finance Corporation (IFC), a company of the World Bank Group 
  3. ‘2020 U.S. Dollar Clearing MT103’ & ‘2020 U.S. Dollar Clearing MT202’ Quality Recognition Awards from JPMorgan Chase & Co.
  4. “Access to Finance Champion” by the Financial Alliance for Women, for the fourth consecutive year.
  5. “Excellence in Credit Cards Business”, Excellence in POS Acquiring Business”, “Excellence in e-Commerce Business” and “Excellence in Commercial Business” (newly introduced), comprising four awards from VISA for performance recognition in the VISA cards and payments business
  6. “SME Bank of the Year – Asia” in silver category at the “Global SME Finance Awards”, for the second consecutive year 
  7. Runner-up for PMO (Project Management Office) at the country’s first-ever Project Management Excellence Awards, 2020
  8. “Best Presented Annual Reports” – three awards bagged for the 2019 Annual Report at the 20th ICAB National Awards 
  9. “Excellence in Mastercard POS Acquiring Business, 2019-20”, a category of Mastercard
  10. “Gold Award” at 7th ICSB National Award for Corporate Governance Excellence 2019
  11. “Gold Award” under private commercial bank category at ICMAB Best Corporate Award-2019

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