At a Glance
BRAC Bank is a performance-driven organization, where its values are at the core of every activity.
BRAC Bank PLC 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 the small and medium enterprises (SME), 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 ‘SME'.
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 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 the SME entrepreneurs to get financing from the banking sector in Bangladesh, BRAC Bank stepped forward and came to finance these unbanked SME entrepreneurs.
It is the only member of the Global Alliance for Banking on Values (GABV) from Bangladesh. GABV comprises 70 financial institutions of 45 countries 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 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 today !
BDT 3,030 Mn
PROFIT AFTER TAX
BDT 440,963 Mn
TOTAL DEPOSITS
BDT 470,888 Mn
TOTAL LOANS & ADVANCES
BDT 37.21
NET ASSET VALUE (NAV)
PER SHARE
BDT 1.88
EARNINGS PER SHARE
(EPS)
BDT 6.85
NET OPERATING CASH
FLOW PER SHARE (NOCFPS)
10.25%
RETURN ON EQUITY (ROE)
1.01%
RETURN ON ASSETS (ROA)
BDT 57,596 Mn
MARKET CAPITALIZATION
13.25%
CAPITAL TO RISK-
WEIGHTED ASSET RATIO
3.51%
NON-PERFORMING LOANS
(NPL)
115%
NPL COVERAGE RATIO
(INCL. GP)
AAA
Credit Rating Agency of
Bangladesh (CRAB)
AAA
Emerging Credit Rating Ltd
(ECRL)
B+
S&P GLOBAL RATINGS
B1
MOODY'S INVESTORS
SERVICE
329
ATMs
68
RCDMs
9
CRMs
187
BRANCHES
33
SUB-BRANCHES
1,041
AGENT BANKING OUTLETS
457
SME UNIT OFFICES
N.B.: Information is as of June 30, 2023 as per Half-yearly Financial Statements.
BRAC Bank has become the first Bangladeshi Bank to be rated the best by the top domestic credit rating agencies in Bangladesh (CRAB: AAA/ST-1, and Emerging Credit Rating: AAA+/ ST-1) and two of the world's leading credit rating agencies (S&P Global Ratings: B+ and Moody's Investor Service: B1) – portraying quality portfolio, higher capital base, stability and steady growth trends.
Corporate Vision, Mission & Values
CORPORATE VISION
Corporate Mission
Achievements and Recognitions
Board of Directors
Meheriar M Hasan , Chairperson
FARUQ MAYEENUDDIN AHMED , Vice Chairperson
Asif Saleh , Nominated Director
Farzana Ahmed , Independent Director
Dr. Zahid Hussain , Independent Director
Shameran Abed , Nominated Director
Dr. MUSTAFA K. MUJERI , INDEPENDENT DIRECTOR
Salek Ahmed Abul Masrur , INDEPENDENT DIRECTOR
Ms. Anita Ghazi Rahman , INDEPENDENT DIRECTOR
Chowdhury MAQ Sarwar , INDEPENDENT DIRECTOR
Ms. Lila Rashid , INDEPENDENT DIRECTOR
Selim R. F. Hussain , Managing Director & CEO
Management Committee
Selim R. F. Hussain
Managing Director & CEO
M Masud Rana FCA
Deputy Managing Director & CFO
Md Sabbir Hossain
Deputy Managing Director and COO
Syed Abdul Momen
DEPUTY MANAGING DIRECTOR AND HEAD OF SME
Md. Shaheen Iqbal, CFA
DEPUTY MANAGING DIRECTOR AND HEAD OF TREASURY & FINANCIAL INSTITUTIONS.
Tareq Refat Ullah Khan
Deputy Managing Director and Head of Corporate Banking
Md. Mahiul Islam
Deputy Managing Director & Head of Retail Banking
Ahmed Rashid Joy
Deputy Managing Director and Chief Risk Officer
Chowdhury Moinul Islam
Deputy Managing Director and CAMLCO
Sheikh Mohammad Ashfaque
Deputy Managing Director & Head of Branches
Nazmur Rahim
Head of Alternate Banking Channels
M Sarwar Ahmed
Head of Internal Control and Compliance
Muniruzzaman Molla
Head of Operations
Akhteruddin Mahmood
Head of HR
Nurun Nahar Begum
Chief Technology Officer
BRIGADIER GENERAL MD. AMIN AKBAR (RETD.)
HEAD OF GENERAL SERVICES
Barrister Rasheed Ahmed
Head of Legal and Recovery
Md. Mokerrobin Mannan
Chief Digital Officer
Ekram Kabir
Head of Communications
Indraneel Chattopadhyay
Chief Marketing Officer
Proud member of
Thu, Jul 18, 2024 11:03 AM
Currency | Buying | Selling |
---|---|---|
USD | 117.0000 | 118.0000 |
EUR | 127.9161 | 131.8183 |
GBP | 152.1000 | 156.6732 |