BRAC Bank
| Public Limited | |
| Industry | Financial Services Banking |
| Founded | 4 July 2001 |
| Headquarters | 220/B Gulshan Tejgaon Link Road, Dhaka 1208 Dhaka, Bangladesh |
|
Key people
|
Sir Fazle Hasan Abed KCMG, Chairman Mr. Selim RF Hussain, Managing Director & CEO |
|
Number of employees
|
8000 |
| Parent | BRAC, IFC |
| Website | www.bracbank.com |
BRAC Bank is a private commercial bank in Bangladesh focused on Small and Medium Enterprises (SME).
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).
The subsidiaries are
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.
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Wikipedia