About BRAC Bank Limited:
BRAC Bank Limited, one of the latest generation of commercial banks started its journey on July 04,
2001. It is an affiliate of BRAC (Bangladesh Rural Advancement Committee), one of the worlds
largest non-governmental development organizations founded by Fazle Hasan Abed in 1972. It has
been the fastest growing Bank in 2004 and 2005. The Bank operates under a "double bottom line"
agenda where profit and social responsibility go hand in hand as it strives towards a poverty-free,
enlightened Bangladesh.
BRAC Bank Limited is a full service scheduled commercial bank. It has both local and International
Institutional shareholder. The bank is primarily driven with a view of creating opportunities and
pursuing market niches not traditionally meet by conventional banks. BRAC Bank has been motivated
to provide best-in-the-class services to its diverse assortment of customers spread across the country
under an on-line banking dais.
BRAC Bank, a fully operational Commercial Bank, focuses on pursuing unexplored market niches in
the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the
country. In the last five years of operation, the Bank has disbursed over BDT 2200 crore in loans to
nearly 50,000 small and medium entrepreneurs in 2007
In addition to small business lending, BRAC Bank has fast growing remittance, savings mobilization
and consumer lending businesses. In the years ahead BRAC Bank expects to introduce many more
services and products as well as add a wider network of SME unit offices, Retail Branches and ATMs
across the country.
Corporate Vision:
The vision of BBL is- Building a profitable and socially responsible financial institution focused on
Markets and Business with growth potential, thereby assisting BRAC and stakeholders build a "just,
enlightened, healthy, democratic and poverty free Bangladesh"
.
Mission
Continuous endeavor to increase fee based income
Sustained growth in 'Small & Medium Enterprise' sector
Keep our Debt Charges at 2% to maintain a steady profitable growth
Continuous low cost deposit growth with controlled growth in Retained Assets
Corporate Assets to be funded through self-liability mobilization.
Growth in Assets through Syndications and Investment in faster growing sector
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 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
Special Features of BRAC Bank Limited:
BRAC Bank Limited possesses the following special features:
Target Group Strategy: BRAC Bank will attach special emphasis to the target group strategy of
development.
Institution Building: The Bank emphasis creation of self managed institutions of its clients. These
institutions will be based at the clients localities.
Training: A special feature of BRAC Bank will be the provision of training for its clients. The aim
of the training will be to increase the capability of the borrower to utilized loans effectively.
Technology: The Bank will encourage the use of new and improved technologies in order to
increase employment opportunities and productivity of the poor. The credit activities will be
structured in such a way that the use of appropriate technology is ensured and the poor can benefit
from improved technology.
Collateral Free Lending: BRAC Bank will provide credit without security. The poor who do not
have resources to offer as collateral have, so far, been denied access to formal credit. However,
BRAC Bank will not normally seek collateral for providing credit and will use peer pressure to ensure
timely repayment which has already proved effective.
Service at the Doorstep: BRAC Bank will provide service at the doorsteps of the customers. Unlike
the traditional banking system, BRAC Bank worker go to the villages regularly to collect savings and
loan repayments.
Womens Development: BRAC Bank will attach special attention to women in development.
Business
1. SME Banking.
2. Retail Banking.
3. Corporate Banking
4. Probashi Banking
SME Banking BRAC Bank, being the youngest bank, took a step to break away from usual tradition and tapped into the true suburb entrepreneurial initiatives. Today, with over 10,000 crores of loans disbursed till date, BRAC Bank is countrys largest SME financier that has made more than 265,000 dreams come true! If you have a dream on which you trust, let us make it true together.
Deposit product
"Prapti Current Account" an interest bearing current account. This account ensures the profitable and
easy transaction facilities for Businesses.
Features
Interest bearing current account
Up to 4% interest on daily balance
FREE Smart ATM Card with BDT-100,000 withdrawn facility (per day) from ATM & BDT- 300,000 from
POS
No upfront relationship fees
No inter-city or intra-city online transaction charges
No Relationship fee will be charged if half yearly average is BDT 25,000, along with free cheque book.
Loan product
Loan Product with interest rate
Name of Loan Loan Ceiling Interest rate Tenure
Anonno Rin 3 Lac to 10 Lac 17% - 17.8% 12-36 month
Apurbo Rin 8 lac to 30 lac 17% 12-36 month Aroggo Rin 3 lac to 30 lac 17%- 17.25% 12-48 month
Diggon Rin 5 lac to 30 Lac 17%- 17.8% 12-36 month
Prothoma Rin 3 Lac to below 10 Lac 15% 12-36 month Trade plus Rin 1 Lac to 30 Lac 180 days
Proshar Rin 3 Lac to 30 17% -17.25% 12-60 month Supplier Finance 3 Lac to below 10 Lac 17% -17.25% 12-36 month
Business Loan BDT 10 Lac to 50Lac 17.8% 12-60 months
Retail Banking
Anonno Rin
Apurbo Rin
Aroggo Rin
Diggon RinProthoma
Rin
Trade plus Rin
Proshar Loan
Suppliers Finance
Business loan
Business Equity
With over 100 outlets, 300 ATMs and over 500,000 plastics in the market, BRAC Bank offers you a
wide range of financial solutions to meet your everyday need. Be it home loan, car loan, or simply a quick loan simply drop an application and we shall do the rest
while you enjoy life.
Featu
Deposit Product
Saving Account
Current Account
Term deposit
Saving Account
Current Account
Term Deposit
Triple Benefit Savings Account
Savings Classic Account
Aporajita Account
Current classic account
Current plus EZee account
Salary accountCampus account
LOAN PRODUCT
Corporate banking
DPS Fixed deposit Flexi DPS
Interest First Fixed Deposit
Freedom fixed deposit
Abiram fixed deposit
Salary loan Quick loan Auto loan
Home loanSecured loan/
Overdraft
Loan Product
Liability Products
BRAC Bank also offers various transaction and investment opportunities to their clients for their long and short tem funds, such as
Probashi Banking
When you send your hard-earned money from abroad to dear ones at the farthest end of Bangladesh, ask them to collect it from over 3,500 pay out locations of BRAC Bank. Every month, Probashi Banking executes around 150,000 transactions; which has made BRAC Bank one of the largest players among private commercial banks in channelizing inward remittance in the country. And with ELDORADO, now you can withdraw money from any of the Eldorado member banks in addition to BRAC Bank outlets - that's too, instantly!
Accounts & Deposits
Overdraft
Short termloan
Lease finance
Loan acainst trust receipt
Work order finance
Emerging business
Syndication
Term loan
Project loan
Current Account
Different Short Term Deposit Accounts
Different Term Deposit Accounts
Investments
Probashi current account
Probashi savings account
Probashi fixed deposit
Probashi Abiram
Probashi DPS
Probashi wage earner's bond
US dollar premium& investmtnt bond
Probashi biniyog
BRAC Bank awarded prestigious FT Sustainable Bank of the Year 2010
BRAC Bank has been awarded as the Sustainable Bank of the Year 2010 at the FT Sustainable Banking Awards 2010. The award was jointly announced by Financial Times newspaper and IFC at the award ceremony on 3rd June 2010 in London. The FT Sustainable Banking Awards is presented by the London-based international newspaper Financial Times and IFC, a member of the World Bank Group. Now in their fifth year, the awards recognize banks and other financial institutions that have shown leadership and innovation in integrating social, environmental and corporate governance considerations into their operations. BRAC Bank has been announced as the winner of the 2010 FT Sustainable Bank Award from Emerging Markets in Asia.
DHLDaily Star Bangladesh Business Awards 2008
BRAC Bank received the prestigious Business Award styled DHL-Daily Star Bangladesh Business Awards 2008 as Best Financial Institution of the Year for its innovation in products, services, financial performance/ productivity, company management and contribution to Bangladeshs development easy access to finance. Furthermore, with its
BRAC Bank received National Award as the Highest VAT payer for the financial year 2007-2008
BRAC Bank Limited has recently received the prestigious award for being the highest VAT paying organization in national level in service industry.
BRAC Bank received ICAB National Award
BRAC Bank Limited has been awarded ICAB National Award from Institute of Chartered Accountants of Bangladesh (ICAB) for one of the Best Published Accounts & Reports 2007 recently.
I. Savings Account:
By seeing the name of the account we understand that, those people who are interested to save their
money for a short time period, generally these people are interested to open this account. By thinking
different types of people, BRAC BANK provides different types of savings account opening facilities
or opportunities. These are:
a) Triple Benefit Savings ( TBS) A/C:
A client opens this account by 50000 taka. Here the transacted amount is relatively large. Here the
Interest rate is 8% and get Visa Debit Card facilities. A personal check book is opened for that client
and every month he or she has got the interest amount regarding their deposited amount. Here no
charge is taken by the bank.
b) Savings Classic:
It is also a valuable product for BRAC BANK. Here the client also gets the debit card facilities and a
personal check book is opened by his name. Here the interest rate is 5.5% and the interest is provided
half- yearly.
c) Opporagita:
Womens are only permitted to open this account. Here they also get the same benefits and 6.6%
interest rate is provided to them. This is also a beautiful idea of BRAC BANK.
II. Current Account:
Those people who transact more frequently with their banks, those people are generally open
current account. BRAC BANK provides different types of current account facilities. These
are:
a) Current Plus Account:
This account is opened by 25000 taka. Here the client gets Visa Debit Card and personal check book
facilities. They are also got intercity transaction or online banking facilities. Here no charge is
applicable.
b) Current Classic: This account is opened by taka 15000. A personal check book is opened by the name of client and he
also gets debit card facilities. No interest will be provided here.
c) EZee Account:
The client is getting only debit card facilities. Here the opening balance is taka 2000 and 4% interest
will be provided to the clients.
d) Campus Account:
Here only the students are allowed to open the account. To open the account student must show the
valid ID card. Opening balance is taka 2000 and 4% interest will be provided here.
e) Salary Account:
Generally this facility is getting by interest related institutions with the bank. Bank can help them by
salary disbursement. Here minimum number of employees is required at 10 and minimum salary is
taka 10000. They are getting 4% interest from this account.
III. Fixed Deposit:
Those people who has a lot of idle money over their hand, but they are feeling unsecured; generally
these people are getting help by this account. There are also different types of fixed deposit account
provided by the BRAC BANK. These are:
a) Obiram:
Here the client will get interest in monthly basis and the interest amount is depending based on the
deposited amount and tenure.
b) Freedom Fixed Deposit:
Interest is provided often three months later under this account. Interest is depending on deposited
amount.
c) Interest First Fixed Deposit:
After opening the account, the client will get interest immediately over his deposited amount under
this account.
Generally Fixed Deposit:
Under this account the client will get back of his deposited amount with interest at a maturity
date.
IV. Money multiplier Scheme:
It is also another strategy for collecting deposit. But it is not as much popular.
1. Loans:
BRAC BANK provides different types of loans to the individuals or institutions according to their
needs. But before getting the loan, client must fulf ill the conditions; types of loans are given below :
Personal Loan:
Under this Loan system any one can get Loan from BRAC BANK, for fulfilling the personal needs.
This Loan is divided into two Parts:
a) Salary Loan:
People those who are service holder, they can get Loan from here.
b)Quick Loan:
Under this system, generally business people can get Loan.
Both Loans are provided back to the bank in equal monthly installment basis. Time duration of this
Loan is not more than five years.
II. Auto Loan: This Loan is provided by the bank for only buying car. Under category-1, if the Loan holder buys a
car from tie-up show rooms, they will have to pay 15.5% interest, but if they buy a car from non tie-
up show room or anywhere, they will have to pay 16.5% interest.
Under category-2, the Loan is provided only for buying commercial vehicles. Here the
interest will be charged at a rate of 18%.
III. Mortgage Loan:
If some are want to buy a flat or want to expand the total size of their house, they can get
Loan from BRAC BANK under mortgage Loan system. Here the Loan holder can get
maximum 75 lack taka as a Loan at the rate of 12.99% interest. Upper duration of this Loan is
20 years.
BRAC BANK also provides other different types of Loans as the requirement of their clients.
Another Different Service:
BRAC BANK provides other different types of services for their clients. These are following
below:
i. They are providing opportunity for opening Latter of Credit based on the relation with that company.
ii. They provide syndicate Loan share with other banks under a supervision of leading
bank.
iii. Locker service is also a common service provided by the bank.
iv. They provided pay order, demand draft service.
v. They provide online banking service through 180 ATM booths throughout the
country.
They are also offering point of sales (POS) services through 400 pos.
Internet banking service is also a new additional service.
Through mobile phone they are also providing their banking service.
Provides credit card facilities. There have two types:
Gold More than one Lack
Classic Less than one Lack
Those students are wanted to go abroad for higher study; they are also provided services to
them through student life.
These are the overview of services provided by the BRAC BANK.