Brac Bank Plc (Bangladesh)

BRAC Bank Limited is a performance-driven organization located in Dhaka, Bangladesh. The bank was incorporated in 2001 with the vision to provide banking solutions to small and medium entrepreneurs who were previously unbanked. Inspired by its parent organization, BRAC, the largest NGO in the world, BRAC Bank introduced small ticket loans to bring grassroots entrepreneurs under the umbrella of formal banking services. The bank focuses on lending to small and medium enterprises (SMEs), which make up close to half of its lending portfolio. BRAC Bank is the only member of the Global Alliance for Banking on Values (GABV) from Bangladesh. GABV is a network of 70 financial institutions operating in various countries, serving over 60 million customers and holding up to USD 200 billion in combined assets. The bank shares the 3P Philosophy of People, Planet, and Prosperity with other GABV partners, emphasizing its responsibility towards the people it works with and the places it operates in. BRAC Bank has been rated the best by top domestic and international credit rating agencies, highlighting its quality portfolio, higher capital base, stability, and steady growth trends. The bank's corporate vision is to build a profitable and socially responsible financial institution focused on market and business growth potential, contributing to a just, enlightened, healthy, democratic, and poverty-free Bangladesh. Its corporate mission includes sustainable growth in the SME sector, low-cost deposit growth, funding corporate assets through self-liability mobilization, and increasing non-funded income. The bank strives to achieve efficient synergies between its branches, SME unit offices, and BRAC field offices for the delivery of remittance and other products and services. It aims to manage various lines of business in a controlled environment with no compromise on compliance and service quality. BRAC Bank is committed to realizing its vision and contributing to the welfare of its people and society.