BRAC Bank

BRAC Bank Limited
Public Limited
Industry Financial Services Banking
Founded 4 July 2001
Headquarters 1, Gulshan Avenue, Gulshan 1, Dhaka 1212
Dhaka, Bangladesh
Key people
Sir Fazle Hasan Abed KCMG, Chairman
Muhammad A. (rumee) Ali, Director
, Mr. Selim RF Hussain, Managing Director & CEO
Number of employees
8000 [1]
Parent BRAC, IFC
Website www.bracbank.com

BRAC Bank was founded on 4 July 2001 as a private commercial bank focused on Small and Medium Enterprises (SME).

History

BRAC Bank was founded to reach the large number of unbanked people which were not covered by traditional bank. The main concept of the bank was to facilitate Small and Medium Enterprises (SME). Since then the Bank has become a leading bank in Bangladesh.

Financial Services

Distribution Network

Subsidiaries

The subsidiaries are[3]

ATM Network

BRAC Bank has its own ATM network which is currently 400 +. In addition to this BRAC Bank is the lead arranger of OMNIBUS shared ATM network.
OMNIBUS, an association of member institutions, which 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.[4]

References


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