BRAC Bank CSR
BRAC Bank started its journey on 4th July, 2001 as a private commercial bank focused on Small and Medium Enterprises (SME). In just a decade, the Bank has become a leading bank in Bangladesh, keeping its core focus in SME yet becoming one of country’s leading financial hypermarket.
Today BRAC Bank holds a dynamic network of 157 branches, 400 SME unit offices, 500 Remittance Delivery Points, nearly 350 ATMs and 14 Financial Kiosks across the country.
The stakeholders of the bank are BRAC, the largest non-government organization in the world and International Finance Corporation, the private sector arm of The World Bank.
The stakeholders of BRAC consist mainly of millions of deprived and disenfranchised poor of Bangladesh. BRAC investments act as ‘hedges’ to BRAC to protect these stakeholders from any future ‘liquidity crunch’ in the financial industry. These BRAC investments focus on companies that are aligned with BRAC’s mission of alleviating poverty. BRAC investments are independently run organisations that are fully or partly owned by BRAC.
CSR INITIATIVES OF BRAC BANK
12 years ago, Sir Fazle Hasan Abed, their founder Chairman 430,000 SME entrepreneurs – more than 90% being and Chairperson of BRAC had ventured into BRAC Bank for are contributing for their financial empowerment. business. As an SME-focused bank, they provide financial business. As a Bangladeshi Bank they have taken initiatives collateral-free! Left out in traditional banking system, disbursing SME loans of nearly BDT 22,500 Crore to over facilities to unbanked SME Entrepreneurs at grassroots level for their financial inclusion, a service that has been maintain the same values while carrying out our day-to-day not only for the people and society as a whole but also of financial inclusion, the bank has fulfilled dreams by of their commitment to planet, they have launched a project their branches and ATMs under solar energy gradually. Their core belief at BRAC Bank and part of the DNA
Today BRAC Bank holds a dynamic network of 157 branches, 400 SME unit offices, 500 Remittance Delivery Points, nearly 350 ATMs and 14 Financial Kiosks across the country.
The stakeholders of the bank are BRAC, the largest non-government organization in the world and International Finance Corporation, the private sector arm of The World Bank.
The stakeholders of BRAC consist mainly of millions of deprived and disenfranchised poor of Bangladesh. BRAC investments act as ‘hedges’ to BRAC to protect these stakeholders from any future ‘liquidity crunch’ in the financial industry. These BRAC investments focus on companies that are aligned with BRAC’s mission of alleviating poverty. BRAC investments are independently run organisations that are fully or partly owned by BRAC.
CSR INITIATIVES OF BRAC BANK
12 years ago, Sir Fazle Hasan Abed, their founder Chairman 430,000 SME entrepreneurs – more than 90% being and Chairperson of BRAC had ventured into BRAC Bank for are contributing for their financial empowerment. business. As an SME-focused bank, they provide financial business. As a Bangladeshi Bank they have taken initiatives collateral-free! Left out in traditional banking system, disbursing SME loans of nearly BDT 22,500 Crore to over facilities to unbanked SME Entrepreneurs at grassroots level for their financial inclusion, a service that has been maintain the same values while carrying out our day-to-day not only for the people and society as a whole but also of financial inclusion, the bank has fulfilled dreams by of their commitment to planet, they have launched a project their branches and ATMs under solar energy gradually. Their core belief at BRAC Bank and part of the DNA