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

Building a profitable and socially responsible financial institution focused on market and business with growth potential, thereby assisting BRAC and its stakeholders to build a just, enlightened, healthy democratic and poverty free Bangladesh.

Corporate Mission

  • Sustainable growth in Small & Medium Enterprise sector;
  • Continuous low-cost deposit 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 the bank's other products and services;
  • Manage various lines of business in a full controlled environment with no compromise compliance and on service quality;
  • Keep a diverse, far flung team fully motivated and driven towards materializing the bank's vision into reality

Achievements and Recognitions

  • Our Pretigious Awards
  • US$ 1 billion market capitalization in the capital market
  • Asiamoney's “Best Bank for SMEs” 2017
  • SAFA Awards for the Best Presented Annual Report 2016
  • ICMAB Best Corporate Awards 2016
  • ICAB Best Published Annual Reports 2016 Awards for Private Sector Banks
  • Asian Development Bank's “Most Progressive Bank on Gender Strategy and Implementation 2017”
  • Women's Market Champion Award from the Global Banking Alliance for Women (GBA)
  • ISO Certification in Information Security

SHAREHOLDING STRUCTURE OF BRAC BANK PLC.

SL. No.

Name

Sponsors/Directors/Others

No. of shares held as on 29.04.2024

% Paid-up Shares

1

BRAC

Sponsor

742,716,561

46.165%

2

Late Sir Fazle Hasan Abed, KCMG

Sponsor

15,793

0.001%

3

Late A. S. Mahmud

Sponsor

13,209

0.001%

4

Dr. Saleh Uddin Ahmed

Sponsor

10,851

0.001%

5

Mr. Meheriar M Hasan, Chairperson

(Nominated by BRAC)

Nominated Director

Nil

Nil

6

Mr. Faruq Mayeenuddin Ahmed, Vice Chairperson

Independent Director

Nil

Nil

7

Mr. Asif Saleh (Nominated by BRAC)

Nominated Director

66,624

0.004%

8

Mr. Shameran Bahar Abed (Nominated by BRAC)

Nominated Director

1,152,735

0.072%

9

Ms. Fahima Choudhury

Independent Director

Nil

Nil

10

Ms. Farzana Ahmed

Independent Director

Nil

Nil

11

Dr. Zahid Hussain

Independent Director

Nil

Nil

12

Dr. Mustafa Kamal Mujeri

Independent Director

Nil

Nil

13

Mr. Salek Ahmed Abul Masrur

Independent Director

Nil

Nil

14

Ms. Anita Ghazi Rahman

Independent Director

Nil

Nil

15

Mr. Chowdhury MAQ Sarwar

Independent Director

Nil

Nil

16

General public, institute and foreign

Other than sponsor/Director

864,853,454

53.756%

Total shares

1,608,829,227

100%

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

Lila_Rashid

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

Our Subsidiaries

Proud member of

ForEx Rates

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
View complete list

Accessibility Menu

Font size
+ -

Text Space/Line Height
+ +