BRAC Bank Limited started its operation on 4th July, 2001 as a private commercial bank focusing on Small and Medium Enterprises (SME). In a decade, the Bank has become one of the leading banks in Bangladesh, keeping its core focus in SME yet becoming one of country’s leading financial hypermarket.
Till now 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.
BRAC Bank believes in people and planet, but in a profitable manner. The business model of creating a sustainable banking of including more people within the banking system is simple: BRAC Bank accumulates funds from urban deposits and disburses in the rural towards uplifting Small and Medium Enterprises (SME).
Achievements and Recognitions
Its success reflects its rapidly expanding global footprint and commitment to delivering high quality, client-centric integrated wealth management solutions and advice. In 12 years of operation BRAC Bank has achieved a significant amount of respect, honor and recognition from home and abroad shows commitment towards quality services as a bank.
BRAC Bank has its own ATM network which is currently 320 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: