Type Public Limited Founder Fazle Hasan Abed Number of employees 8,000 | Website www.bracbank.com Founded 4 July 2001 Headquarters Dhaka | |
 | ||
Industry Financial Services Banking Key people Sir Fazle Hasan Abed KCMG, Chairman
Mr. Selim RF Hussain, Managing Director & CEO Parent organizations BRAC, International Finance Corporation | ||
BRAC Bank is a private commercial bank in Bangladesh focused on Small and Medium Enterprises (SME).
Contents
History
BRAC Bank was founded on 4 July 2001 to reach the large number of unbanked people which were not covered by traditional bank. The main concept of the bank was to facilitate Small and Medium Enterprises (SME).
Financial Services
Distribution Network
Subsidiaries
The subsidiaries are
ATM Network
BRAC Bank has its own ATM network which is currently 400 +. 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.