BRAC Bank Limited

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BRAC Bank Limited
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 [1]
Number of employees
8000 [2]
Parent BRAC, IFC

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).[3]

Financial services[edit]

  • SME Banking
  • Retails Banking
  • Card Service (Credit & Debit)
  • Foreign Exchange & Related Services
  • Wholesale Banking & Custodial Service
  • Probashi Banking

Distribution network[edit]

  • Branch : 186 (December 2016)
  • SME Unit Office : 458
  • Remittance Delivery Point : 1800 [4]
  • ATM Booth : 350+
  • Apon Somoy (Financial Kiosk) : 16


The subsidiaries are[5]

  • BRAC EPL Investments Limited
  • BRAC EPL Stock Brokerage Limited
  • bKash (Mobile banking service) Limited
  • BRAC Saajan Exchange Limited
  • BRAC IT Services Limited

ATM network[edit]

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.[6]

See More[edit]