BRAC Bank Limited

BRAC Bank is the last organization to have received a commercial banking license from Bangladesh Bank, making it the youngest private commercial bank in Bangladesh. Its headquarters are based in the capital Dhaka. The bank is partially owned by BRAC, the largest non-government organization in the world, International Finance Corporation, the private sector arm of The World Bank Group and ShoreCap International.

Though BRAC Bank was formed with the aim to serve the millions of small and medium enterprises (SMEs) in the country. Having pioneered the concept of SME financing in Bangladesh, it is the fourth largest SME bank globally. The company also provides services within corporate and institutional banking, retail banking, as well as probashi banking, which specifically caters to non-resident Bangladeshis abroad. Other areas include customized treasury and foreign exchange solutions, and custody services. It ranks amongst the top banks nationally that processes remittances from abroad.

ATM Network:

BRAC Bank has its own ATM network which is currently 300 strong. 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.

Banks that have signed agreements to share OMNIBUS's ATM and POS network (as of October 2010):

• BRAC Bank the lead arranger
• Q-Cash network Banks (1. Janata Bank 2. Eastern Bank 3. IFIC Bank 4. AB Bank 5. Shahjalal Islami Bank 6. Basic Bank 7. Jamuna Bank 8. Mercantile Bank 9. National Bank 10. National Credit and Commerce Bank 11. Pubali Bank 12. Sonali Bank 13. Trust Bank 14. Uttara Bank 15. State Bank of India 16. The City Bank 17. Social Islami Bank)
• One Bank
• United Commercial Bank
• Eastern Bank
• Dhaka Bank
• Rupali bank
• Cashlink limited network Banks (1. Social Islami Bank 2. Dhaka Bank 3. AB Bank 4. Agrani Bank 5. Bank Asia 6. Islami Bank 7. South East Bank).
• National Credit and Commerce Bank
• Bank Alfalah
• Southeast Bank
• Standard Bank

E-Commerce Gateway:

For the first time ever in Bangladesh, BRAC Bank Limited (BBL) has launched Bangladesh's first e-commerce banking platform in alliance with Visa, thereby opening an opportunity for Bangladeshi citizens to use Visa cards for shopping online . Any Bangladeshi with internet access now can shop online with a Visa card or any card issued by BRAC Bank.

Corporate Vision

Building profitable and socially responsible financial institution focused on Market and Business with Growth potential, thereby assisting BRAC and stakeholders to build a just, enlightened, healthy democratic and poverty free Bangladesh”.

Corporate Mission

• Sustained growth in Small & Medium Enterprise sector
• Continuous low-cost depsit Growth with controlled growth in retail assets.
• Corporate Assets to be funded through self-liability mobilization. Growth in Assets through syndications and investment in faster growing sectors.
• Continuous endeavor to increase non-funded income
• Keep our debt charges at 2% to maintain a steady profitable growth
• Achieve efficient synergies between the bank’s branches, SME unit offices and BRAC field offices for delivery of remittance and Bank’s other products and services
• Manage various lines of business in a full controlled environment with no compromise on service quality
• Keep a divers, far flung team fully controlled environment with no compromise on service quality
• Keep a diverse, far flung team fully motivated and driven towards materializing the bank’s vision into reality

Core Values

• Our Strength emanates from our owner - BRAC. This means, we will hold the following values and will be guided by BRAC as we do our work.
• Value the fact that one is a member of the BRAC family
• Creating an honest, open and enabling environment
• Have a strong customer focus and build relationships based on integraty, superior service and mutual benefit
• Strive for profit & sound growth
• Work as team to serve the best interest of our owners
• Relentless in pursuit of business innovation and improvement
• Value and respect people and make decisions based on merit
• Base recognition and reward on performance
• Responsible, trustworthy and law-abiding in all that we do.