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July 27, 2010 BRAC Bank is now at North Gulshan, Dhaka The fastest growing bank opens its branch in North Gulshan, Dhaka
BRAC Bank, one of the country's fastest growing banks, is now at North Gulshan, Dhaka with its modern banking facility. Sir Fazle Hasan Abed, Founder and Chairperson of BRAC formally inaugurated the North Gulshan Branch today in presence of Mr. Muhammad A. (Rumee) Ali, Chairman of BRAC Bank Limited.
'BRAC Bank is maintaining a homogeneous modern banking operation across the country for every niche of its customers. So, no matter which branch of the country you are walking in, you will receive the same banking experience', said by Sir Fazle Hasan Abed, Founder and Chairperson of BRAC.
In expression of this occasion, Mr. Muhammad A. (Rumee) Ali, Chairman of BRAC Bank Limited said, 'As you all know, BRAC Bank with its 71 branches, 60 SME Sales and Service Centers and over 200 ATMs has one of the largest online banking facilities across Bangladesh. This Bangladeshi bank today is serving its one million customers with real-time online banking facility across the country'.
On this occasion, Mr. Syed Mahbubur Rahman, Managing Director & CEO of BRAC Bank Limited mentioned 'This location has a growing number of customer demand and they led us here. I am delighted that today we are able to fulfill our guests banking needs at one of Dhaka's best known area i.e. North Gulshan'.
The branch is located at 166 Gulshan Avenue, Gulshan-2, Dhaka. The entire area and the locality wore a festive look on this occasion. Local elites, business peoples and a large number of the Bank's customers along with senior management of the Bank attended the inauguration program.
June 21, 2010 BRAC Bank Launches Off-Shore Banking Finances US$ 16 Million for new aircrafts of Biman through the OBU
BRAC Bank Limited has launched its Off-Shore Banking Unit (OBU) at its Gulshan Branch premise recently. The facility was formally inaugurated by Mr. Syed Mahbubur Rahman, Managing Director & CEO of the Bank at a simple ceremony. The event was also attended by the senior officials of BRAC Bank Limited.
An Off-Shore Banking Unit allows a bank to accept deposits and provide loans in freely convertible foreign currencies. Having received the necessary permission from Bangladesh Bank, the country's fastest growing bank went into expanding their business to include off-shore services.
"We have already made the first transaction – being a Bangladeshi Bank, for our national flag carrier – for Bangladesh Biman towards financing its two new Boeing aircrafts", said Mr. Syed Mahbubur Rahman on this occasion. “This unit promises to gradually extend its services towards greater number of customers, as well as enhance its correspondent banking services.”
It is worth noting that Biman Bangladesh Airlines recently received a syndicated financing of USD 114 million, as pre-delivery payment financing for the purchase of two new Boeing 777-300ER aircrafts where, BRAC Bank Limited as one of the participating banks provided USD 16 million in the deal.
June 10, 2010 BRAC Bank & Momen Real Estate inks deal
BRAC Bank 'Apon Ghar' customers now can enjoy special facilities when buy apartments from Momen Real Estate. Mr. Giasuddin Ahmed, Director Administration, Momen Real Estate and Mr. Firoz Ahmed Khan, Head of Retail Banking, BRAC Bank recently signed an MoU on behalf of their respective organizations in presence of senior officials of both the organizations.
June 7, 2010 BRAC Bank awarded prestigious Emerging Markets Sustainable Bank of the Year - Asia
Bangladesh's BRAC Bank has been awarded as the Emerging Markets Sustainable Bank of the Year in Asia region of the FT Sustainable Banking Awards 2010. The award was jointly announced by Financial Times newspaper and IFC at the award ceremony on 3rd June 2010 in London.
The FT Sustainable Banking Awards is presented by the London-based international newspaper Financial Times and IFC, a member of the World Bank Group. Now in their fifth year, the awards recognise banks and other financial institutions that have shown leadership and innovation in integrating social, environmental and corporate governance considerations into their operations.
Lars Thunnel, Executive Vice President and CEO of IFC presented the award to BRAC Bank's Chairman Mr. Muhammad A. (Rumee) Ali and CEO Mr. Syed Mahbubur Rahman at the gala award ceremony in London. Dr. Atiur Rahman, Governor of Bangladesh Bank was also present in the program that witnessed the presence of more than 250 senior bankers and decision-makers in the area of sustainability. Dr Mo Ibrahim, Chairman and founder, Mo Ibrahim Foundation, and Founder, Celtel International, was keynote speaker at the dinner. The event followed a one-day Sustainable Banking Conference organised by the Financial Times and IFC.
"We are seeing a much greater commitment by financial institutions in both developed and emerging markets to make sustainability a core part of their business. The quality of this year's awards entries reflect this commitment and the winners and runners-up announced today are leading the way," said Martin Dickson, Deputy Editor of the Financial Times and co-chair of the awards judging panel.
"The award is a global recognition of the unique contribution BRAC Bank has made in establishing a bank that truly believes in socially responsible banking and is making a difference in the lives of many small businesses all over Bangladesh. A segment that was largely ignored by our financial industry. I am sure BRAC Bank model will be replicated in many countries in the years to come" said Mr. Rumee Ali in his initial reaction. "This award has made Bangladesh proud!"
"Broadening financial services to the poor and helping to raise living standards around the world is good for business and good for the global economy", said Lars Thunell, IFC Executive Vice President and CEO. "As these award recipients demonstrate, an increasing number of financial institutions recognize that and are finding innovative ways to expand access to finance and improve the environment."
The judging panel narrowed down the entries to a short-list of five institutions for each category of award – and three banks for Emerging Markets Bank of the Year – before selecting the overall winners. The panel included leading personalities from FT, FTSE, IFC and other financial sector bodies. Leading consultancy Sustainable Finance Ltd, a subsidiary of PricewaterhouseCoopers, was technical advisor for the programme.
June 5, 2010 BRAC Bank announces Syed Mahbubur Rahman as its new Managing Director & CEO
Syed Mahbubur Rahman has been appointed Managing Director & CEO of BRAC Bank Limited on June 6, 2010. Prior to this appointment he worked as the Deputy Managing Director at the same bank. Mr. Rahman takes over the responsibility from Mr. A.E.A. Muhaimen, who is leaving the Bank to take up an overseas assignment.
Mr. Rahman has been working in the banking industry for about 21 years. He began his career by joining Saudi Bangladesh Agricultural and Industrial Investment Co. (SABINCO). He also worked with IDLC, Standard Chartered Bank, ANZ Grindlays Bank, Citibank N.A., in different capacities. Before joining BRAC Bank he worked as Deputy Managing Director in Prime Bank.
During his long banking career he underwent various training courses and participated in seminars and workshops on different aspects of banking held in the country and abroad, and gained excellent exposure to all modern concepts of banking.
Mr. Rahman has earned MBA from Institute of Business Administration, University of Dhaka. He is married with two daughters.
June 3, 2010 BRAC Bank lunches ERP System
BRAC Bank recently launched Enterprise Resource Planning (ERP), one of the biggest deployments of such kind of automation of Management System in Bangladesh. Mr. Mohammad Mamdudur Rashid, DMD and Ms. Tahniyat Ahmed Karim, Head of HR of the Bank launched the ERP System on behalf of Finance and HR respectively in presence of Mr. A. E. A. Muhaimen, MD & CEO and Mr. Syed Mahbubur Rahman, DMD of BRAC Bank.
BRAC Bank & Tropical Homes inks deal The Bank will provide special facilities on Bank's Home Loan product 'Apon Ghar' to buy apartments from Tropical Homes
Mr. Rabiul Haque, Managing Director, Tropical Homes and Mr. Firoz Ahmed Khan, Head of Retail Banking, BRAC Bank recently signed an agreement on behalf of their respective organizations in presence of senior officials of both organizations. As per this MoU, BRAC Bank will provide special facilities on Bank's Home Loan product 'Apon Ghar' to buy apartments from Tropical Homes for their customers.
May 30, 2010 BRAC Bank launches new service for minors, Future Star Account
BRAC Bank launched its new product Future Star Account, designed to encourage school children to develop savings habit, on the 30th of May, 2010. It is a savings account for children below the age of 18, enabling parents to save for their children's future.
The account opening amount for Future Star Account is BDT 2,000 and there is up to 8% interest on account balance, subject to fulfillment of criteria. The interest is accrued on monthly average balance and applied to customer account yearly. There is no account maintenance fee, and e-Banking services such as Internet Banking, Phone Banking, SMS Banking, etc. is available.
Present at the launching ceremony were Mr. Shib Narayan Kairy, Director of BRAC Bank Limited, Mr. A. E. A. Muhaimen, Managing Director & CEO; Mr. Syed Mahbubur Rahman, Deputy Managing Director and Mr. Firoz Ahmed Khan, Head of Retail Banking of BRAC Bank Limited.
Mr. Shib Narayan Kairy, Director of BRAC Bank Limited said, “This new initiative by BRAC Bank will not only encourage young children to save, and develop the habit of saving, but also create a future loyal customer base for the bank. These children will learn the value of banking from a young age.”
May 10, 2010 BRAC Bank & Advanced Development Technologies inks deal
BRAC Bank 'Apon Ghar' customers now can enjoy special facilities to buy apartments from Advanced Development Technologies. In this regard, Mr. Dulal Abdul Hafiz, Director Marketing, Advanced Development Technologies Ltd. and Mr. Sarder Akhter Hamed, Head of Retail Lending, BRAC Bank Ltd. signed an MoU recently on behalf of their respective organizations with the presence of other senior officials of both the organizations.
May 04, 2010 BRAC Bank launches 'Probashi Biniyog' for NRBs to invest into Stock Market of Bangladesh
BRAC Bank Limited officially launched a new service whereby the Non-Resident-Bangladeshis (NRBs) can invest into the capital market of Bangladesh. The service, named 'Probashi Biniyog', was unveiled through a formal ceremony at a local hotel today.
'Probashi Biniyog' is a new financial solution from BRAC Bank whereby that will enable NRBs can open BO accounts, buy and sell stock in both primary and secondary markets, and repatriate the profit to their country of residence. BRAC EPL Securities Ltd, a concern of BRAC Bank, will provide the stock-exchange related services while the solution will be available to all NRB customers of BRAC Bank.
Sir Fazle Hasan Abed, Founder Chairman of BRAC Bank Limited was present at the event as the Chief Guest to unveil this new product with the presence of Mr. Muhammad A. (Rumee) Ali, Chairman and Mr. A. E. A. Muhaimen, Managing Director & CEO, BRAC Bank Limited and Mr. Saiful Islam, Vice Chairman, BRAC EPL Stock Brokerage Limited.
Currently, no other bank is providing this kind of a service. The Stock Market in Bangladesh has seen surge of investment, but the percentage of NRBs in the market has remained negligible as there was no formal solution for them to invest into secondary market from abroad. Through 'Probashi Biniyog', the NRBs can operate their accounts online from abroad. All share related services such as NITA, BO and stock broking accounts are being offered under one umbrella of 'Probashi Biniyog'.
In expression of launching 'Probashi Biniyog', Sir Fazle Hasan Abed said, “I am proud to inaugurate Probashi Biniyog which will provide one-stop solution to NRBs for investing in Bangladesh Capital Market from abroad. I believe this will strengthen the investment at the Stock Markets.”
In the ceremony, Mr. Muhammad A. (Rumee) Ali said, 'This was a long awaited product by NBRs for performing online transaction to buy and sell shares from abroad. Together, BRAC Bank and BRAC EPL has made this solution possible.”
Probashi Biniyog exclusively provides Non-Resident Bangladeshis (NRBs) the opportunity to invest in the Bangladesh Capital Market from anywhere in the world through a Beneficiary Owner's (BO) account, which will be funded by a Non Resident Investor's Taka Account (NITA). Both BO account and NITA will be held with BRAC Bank Limited.
Under the Probashi Biniyog, NRBs can apply for IPOs as well as buy and sell shares in the Secondary Market through BRAC Bank Limited. They can use e-mail, fax or phone to issue trade orders to BRAC Bank Limited. There will be 100% repatriation of capital, dividend and investment profits.
April 22, 2010 BRAC Bank & Asian Paints inks deal
Mr. Indrajit Lahiri, CEO, Asian Paints Bangladesh and Mr. Firoz Ahmed Khan, Head of Retail Banking, BRAC Bank recently signed an MoU on behalf of their respective organizations in presence of senior officials of both organizations. As per this MoU, the customers of BRAC Bank "APON GHAR" will be able to avail free consultancy of Asian Paints on Royal Play and discounts on their regular paints purchasing.
April 14, 2010 BRAC Bank organizes Art Competition for Children on the occasion of Bangla Nababorsho 1417
BRAC Bank organized an Art Competition for Children on the occasion of Bangla Nababorsho 1417. Artist Gulshan Hossain, Mr. Syed Mahbubur Rahman, DMD and Senior Officials of BRAC Bank are seen handing over the prizes to the children. Besides the Art Competition, the Bank also organized a pottery exhibition for its customers and a colourful cultural fair for its employees.
April 2, 2010 Bangladesh Bank Road Show 'Unnayaner Jatra' ends at Tetulia with BRAC Bank
The first ever Bangladesh Bank Road Show named 'Unnayaner Jatra' that started from Teknaf ended in great fanfair at Tetulia, Panchagar today (2nd April, 2010) with the support of BRAC Bank Limited, one of the lead banks of the road show.
The aim of Bangladesh Bank Road Show was to promote Agricultural Loan, SME Loan and usage of banking channel to bring remittance as well as raise awareness against money laundering activities. Bangladesh Bank organized this country-wide road-show with 13 leading banks and started the convoy from Teknaf last 26th March. In last one week the show has moved through Cox's Bazar, Chittagong, Feni, Comilla, Tangail, Sirajgonj, Bogra, Rangpur, Dinajpur, and Thakurgaon. The large contingent of all participating banks reached Panchagar today (2nd April, 2010).
It was an exceptional day at Tetulia when the road-show convoy entered the northern point of Bangladesh: Tetulia. BRAC Bank was the lead bank for this closing point. The fanfair spread far beyond the fairground of Tetulia Pilot High School. Entire town wore a festive look and the locality joined the program in great number.
Mr. Ziaul Hasan Siddiqui, Deputy Governor of Bangladesh Bank expressed his satisfaction over the amount of awareness the road-show created. "This first ever road-show has raised ample awareness deeper into farmers and rural entrepreneurs."
BRAC Bank as the pioneering and leading SME bank of the country hosted an extensive program in Tetulia. Mr. A. E. A. Muhaimen, Managing Director & CEO of the bank said, "This path-breaking road-show has helped all the banks come closer to farmers and borrowers. This is not the end of the journey, rather a beginning of extending banking services to more people across the country."
Local MP Mr. Mojaharul Haque Pradhan was the Chief Guest, Mr. Ziaul Hasan Siddiqui, Deputy Governor of Bangladesh Bank and Local DC Mr. Bonomali Bhoumick were the Special Guests at the ceremony. Mr. M. Mahfuzur Rahman, General Manager, Bangladesh Bank; Senior Officials of AB Bank, NCC Bank, National Bank, Dhaka Bank, Prime Bank, Bangladesh Krishi Bank, ONE Bank, Standard Chartered Bank, Sonali Bank, Jamuna Bank, Uttara Bank and Islami Bank Bangladesh and BRAC Bank were present at the ceremony.
March 25, 2010 BRAC Bank holds 11th AGM The Bank approves 30% Stock Dividend (Bonus Shares) for their Shareholders
The 11th Annual General Meeting (AGM) of BRAC Bank Limited was held in Dhaka on Thursday, March 25, 2010 where 30% stock dividend (Bonus Share) has been approved for the year ended 31st December 2009.
The Chairman of the Bank Mr. Muhammad A. (Rumee) Ali, presided over the meeting. Among others, the Directors of the Board Mr. Quazi Md. Shariful Ala, Mr. Shib Narayan Kairy, Ms. Tamara Hasan Abed, Dr. Hafiz G. A. Siddiqi, Managing Director & CEO Mr. A. E. A. Muhaimen and Company Secretary Mr. Rais Uddin Ahmad were present in the meeting.
The Chairman informed the AGM that the Bank earned Taka 3718 million as operating profit and Taka 1304 million as Profit After Tax during the year 2009. Posting a 34% growth in profit-after-tax is another significant milestone that reinforces the continuous success of BRAC Bank Limited.
Addressing the AGM, the Chairman expressed his gratitude to the Shareholders, Stakeholders and Bank's Management for their continuous support to the Company.
A large number of Bank's Shareholders also attended the AGM.
March 22, 2010 BRAC Bank-led OMNIBUS gets CashLink in its shared ATM Network Customers of total 27 banks now can use shared ATM network of OMNIBUS with more than 400 ATMs
CashLink Bangladesh Limited has recently joined OMNIBUS, a platform of shared ATM (Automated Teller Machine) and POS (Point of Sales) networks led by BRAC Bank Limited. From now on, customers of CashLink member banks can use shared network of over 400 ATMs of OMNIBUS across Bangladesh.
OMNIBUS is a facility that combines the ATM and POS networks of member institutions through a combined network of over 400 ATMs, 1,200 POS terminals and overall ATM card base of 1 Million. CashLink provides ATM, Debit/Credit/Pre-Paid Cards, POS, M-Banking, and Remittance outsourcing services to seven member banks.
Mr. Tarique Amin Bhuiyan CIO of BRAC Bank and Mr. Nawed Iqbal, Deputy Managing Director of CashLink Bangladesh signed an agreement on behalf of their respective organizations, in presence of Mr. A. E. A. Muhaimen, Managing Director & CEO; Mr. Syed Mahbubur Rahman, Deputy Managing Director of BRAC Bank and other senior officials of both the organizations.
Speaking at the signing ceremony, Managing Director & CEO of BRAC Bank Mr. A. E. A. Muhaimen said, "BRAC Bank initiated OMNIBUS with a vision to create 24x7 seamless ATM and POS banking at a common platform. We are happy to see so many banks and organizations joining in the platform, which in turn makes banking so much more accessible to customers."
In expression of the program, Mr. Nawed Iqbal, Deputy Managing Director of CashLink Bangladesh said, "CashLink joins OMNIBUS to provide round-the-clock better banking services through a greater ATM & POS network for the customers of our member banks. It is one of the initiatives that we are taking to provide wider and innovative banking services for our member banks."
With the latest CashLink addition, a total of 7 institutions are in OMNIBUS: BRAC Bank Limited, ITCL (Q-Cash ATMs), ONE Bank Limited, United Commercial Bank Limited (UCBL), Eastern Bank Limited (EBL), Rupali Bank Limited and CashLink (a membership of 7 banks: AB Bank Limited, Agrani Bank Limited, Dhaka Bank Limited, Islami Bank Bangladesh Limited, Social Islami Bank Limited, Southeast Bank Limited, Bank Asia Limited). Through this common platform, customers of any of the 27 member banks now can use any of their 400 ATMs and over 1,200 POS terminals to do basic banking transaction 24X7.
March 9, 2010 Sustainable Banking Pioneers Plan to Touch a Billion Lives by 2020 Leaders of the world's sustainable banks have closed the second meeting of the Global Alliance for Banking on Values (GABV), in Bangladesh, with a commitment to take their values-based banking mainstream
The GABV, a network of eleven of the world's leading sustainable banks, came together in Bangladesh to try to build a viable future for the financial industry. At its close, the organization is pledging to touch the lives of one billion people by 2020. It expects the growth to come from expanding the network's membership significantly, supporting banks looking to adopt genuinely values-driven models, and the creation of new sustainable banks.
The members of the GABV spent three days near Dhaka working together to grow sustainable banking and its impact globally, focus on joint capital raising efforts, and build an infrastructure to support the development of a new generation of sustainable bankers to use it. The network's members plan to promote and demonstrate the impact of business models which focus on solutions to the world's most urgent social and environmental problems.
Speaking at the close of the conference, Sir Fazle Hasan Abed –co-founder of the GABV and founder and Chairperson of BRAC and the meeting's host, says: “The members of the Global Alliance for Banking on Values have committed to touch the lives of one billion people by 2020. This is a major new pledge that could transform lives on a truly global scale, and make a substantial difference in our efforts to combat climate change.”
“We believe sustainable banking – which focuses on people and the environment as well as profit – should reach one billion people by 2020 when a number of key international targets converge,” said Peter Blom, Chair and co-founder of the GABV, and CEO of European sustainable bank, Triodos. “We need to raise more money and invest in the sustainable bankers of the future so we can use this finance to its full potential. This commitment is an important line in the sand. We believe values-led banking can and should make a positive difference to the lives of one in six people within ten years.”
The GABV, which uses finance to deliver sustainable development for unserved people, communities and the environment, represents seven million customers in 20 countries, with a combined balance sheet of over $14 billion. It was launched in March 2009. Its members are profitable and many are growing rapidly during the financial crisis. But they are conspicuous in the banking industry for using their profits to deliver financial, community and environmental ends.
The GABV has already announced a commitment to raise $250 million in new capital over three years to support the expansion of $2 billion in lending to green projects and unserved communities around the world, at the 2009 Clinton Global Initiative in New York. The money will be raised by investors – including existing individual customers, institutions and new investors. Extending this capital substantially in future years will help to reach the one billion target.
The conference was inaugurated by the Honorable Minister of Finance Mr. Abul Maal Abdul Muhith on 6th March. The three day conference is being hosted by BRAC Bank, the only bank from the Southeast Asia region which is one of the founder-member banks.
March 6, 2010 Bangladesh Summit Promises a Different Future for Banking Leaders of the world's sustainable banks have come together to build a positive financial future for the banking industry, at the second meeting of the Global Alliance for Banking on Values
As the world grapples with the continuing pain of the financial crisis, an independent network of eleven banks, will come together in Bangladesh to try to build a viable, sustainable future for the financial industry. Members of the Global Alliance for Banking on Values (GABV) believe that they can demonstrate that a brave new future for the banking industry is possible, and that their members are already delivering it.
The GABV, which uses finance to deliver sustainable development for unserved people, communities and the environment, represents seven million customers in 20 countries, with a combined balance sheet of over $14 billion. It has announced an ambitious commitment to support the expansion of $2 billion in lending to unserved communities and green projects around the world. And all this, in a country which many experts believe will be hit hardest and earliest by the impact of climate change.
Speaking at the launch of the second meeting of the GABV in Dhaka, Fazle Hasan Abed - co-founder of the GABV and founder and Chairperson of BRAC, the world's largest NGO with microfinance operations, said: “The banking industry is uniquely placed, particularly in the developing world - where fighting poverty will remain the first priority in the foreseeable future - to provide a significant impetus in creating livelihoods and ensuring a more inclusive growth agenda. It is not growth per se but the 'quality of growth' that creates sustainability. Climate change is the other growing global threat that the banking industry has to commit itself to. Here, the first world banks must take the lead and for us in the developing world there is need to recognize the fact that this is a 'core' sustainability issue.”
The GABV aims to raise $250 million in new capital by pooling the expertise and resources of its members. “Raising this money will result in $2 billion in new lending, at a time when credit continues to be scarce,” said Peter Blom, Chair and co-founder of the GABV and CEO of Triodos Bank in the Netherlands. “We need to raise more money and invest in the sustainable bankers of the future so we can use it to its full potential. And we want to promote sustainable banking models that can deal with long-term social and environmental crises."
The banks operate in countries as diverse as Germany, Mongolia, Peru, and the US, and have weathered the financial storm with considerable success. According to Katrin Kaeufer, research fellow at MIT, they share a number of characteristics that could be adopted more widely to build a sustainable world economy. “Many of these banks have continued to be successful during the downturn. Before we return to business as usual it seems sensible to examine why. There's no one secret, but these banks all have sustainability embedded in everything they do. They are transparent, values-driven institutions that promise a genuinely different future for banking.”
The banks will spend three days near Dhaka, working together to build a specific capital raising programme, exploring an education programme to develop a new breed of sustainable bankers to handle the money they raise, and identifying the issues that they are best placed to campaign on.
BRAC Bank awarded Chairman's Award to their ELDORADO Team in the Town Hall Meeting for Dhaka Region
BRAC Bank recently holds Town Hall Meeting for its Dhaka Region's employees chaired by Mr. Muhammad A. (Rumee) Ali, Chairman, BRAC Bank. A Chairman Award has been given to the Bank's ELDORADO Team, which has taken a national initiative to reach remittance quickly countrywide. Mr. Muhammad A. (Rumee) Ali, Chairman and Mr. A. E. A. Muhaimen, MD & CEO of BRAC Bank is seen in the picture with the awarded Team.
BRAC Bank is now at Patuakhali with its world-class banking facility. Mr. Muhammad A. (Rumee) Ali, Chairman, BRAC Bank Limited formally inaugurated the Patuakhali Branch on February 23, 2010 with the presence of Mr. A. E. A. Muhaimen, Managing Director & CEO of the bank.
'BRAC Bank wants to offer the same advanced banking joy to the people of Patuakhali that it has been extending across the country. We are happy to open the branch with 24-hour ATM Service and Online Banking facility which is the first in Patuakhali and has been a demand of the locality for long time,' said Mr. Muhammad A. (Rumee) Ali.
In expression of this occasion, Mr. A. E. A. Muhaimen mentioned that the wide network of financial banking services needs to be made very easily accessible for general people. 'BRAC Bank has one of the largest networks of Branches, SME Service Centers, Automated Teller Machines (ATMs), Remittance Delivery Points, Point of Sales (POSs) – all fully online, real-time across Bangladesh. It is our pleasure to welcome the people of Patuakhali to the Joy of Banking', said Mr. A. E. A. Muhaimen.
The branch is located at Holding 140, Sadar Road, Natun Bazar, Patuakhali. The entire area and the locality wore a festive look on this occasion. Local elites, business peoples, a large number of Bank's customers along with senior management of the Bank attended the inauguration program in great fanfair.
February 23, 2010 BRAC Bank brings first ATM and Online Banking to Patuakhali
BRAC Bank is now at Patuakhali with its world-class banking facility. Mr. Muhammad A. (Rumee) Ali, Chairman, BRAC Bank Limited formally inaugurated the Patuakhali Branch on February 23, 2010 with the presence of Mr. A. E. A. Muhaimen, Managing Director & CEO of the bank.
'BRAC Bank wants to offer the same advanced banking joy to the people of Patuakhali that it has been extending across the country. We are happy to open the branch with 24-hour ATM Service and Online Banking facility which is the first in Patuakhali and has been a demand of the locality for long time,' said Mr. Muhammad A. (Rumee) Ali.
In expression of this occasion, Mr. A. E. A. Muhaimen mentioned that the wide network of financial banking services needs to be made very easily accessible for general people. 'BRAC Bank has one of the largest networks of Branches, SME Service Centers, Automated Teller Machines (ATMs), Remittance Delivery Points, Point of Sales (POSs) – all fully online, real-time across Bangladesh. It is our pleasure to welcome the people of Patuakhali to the Joy of Banking', said Mr. A. E. A. Muhaimen.
The branch is located at Holding 140, Sadar Road, Natun Bazar, Patuakhali. The entire area and the locality wore a festive look on this occasion. Local elites, business peoples, a large number of Bank's customers along with senior management of the Bank attended the inauguration program in great fanfair.
০৯ ফেব্রুয়ারী ২০১০, নারী দিবসে ব্র্যাক ব্যাংকের নতুন বিভাগ 'নি:সঙ্কোচে বলতে চাই'
কাজ করতে গিয়ে বাধার মুখে পড়তে হয়নি, এমন নজির খুঁজে পাওয়া ভার। আর তিনি যদি হন একজন নারী, তবে এ বাধার দেয়াল অনেকসময় হয় আরো উঁচু। তবুও এই দেয়াল ভেদ করে কর্মজীবনে এগিয়ে এসেছেন অনেক নারী। ব্র্যাক ব্যাংক সবসময়ই তার নারী কর্মীদের সকল ধরণের নিরাপত্তা, সুবিধা ও কাজের সমান অধিকার নিশ্চিত করতে সচেষ্ট। এরই ধারাবাহিকতায় গঠন করা হয়েছে একটি সেল 'নি:সঙ্কোচে বলতে চাই'। বিশ্ব নারী দিবসে ব্র্যাক ব্যাংকের প্রধান কার্যালয়ে এই বিভাগের আনুষ্ঠানিক উদ্বোধন ঘোষণা করেন ব্যাংকের অন্যতম পরিচালক নিহাদ কবির।
নারী হিসেবে কর্মজীবনে নিজের অভিজ্ঞতার কথা শোনান নিহাদ কবির। সেই সঙ্গে উৎসাহ জানান এই উদ্যোগকে। তিনি বলেন, 'এই সেল নি:সন্দেহে কাজ করার ক্ষেত্রে নারীদের আরো এগিয়ে যেতে সাহায্য করবে।'
এই সেল গঠন প্রসঙ্গে ব্র্যাক ব্যাংকের মানবসম্পদ বিভাগের প্রধান ত্যাহনিয়াত আহমেদ করিম বলেন, আমরা আমাদের নারী কর্মীদের কাজ করার জন্য একটি সম্পূর্ণ অনুকূল পরিবেশ নিশ্চিত করতে চাই। সেই লক্ষ্যে এই সেলের যাত্রা শুরু। উচ্চপর্যায়ের এই বিভাগে তারা শুধু কাজের বিষয়েই নয়, ব্যক্তিগত কোন বিষয় নিয়েও আমাদের সঙ্গে খোলাখুলি কথা বলতে পারবেন।'
ব্র্যাক ব্যাংক এই অনুষ্ঠানে বিভিন্ন ক্ষেত্রে সফল তার ছয়জন নারী গ্রাহককে সম্মাননা প্রদান করে। তাঁরা হলেন, তারানাস্থ হোম মেড-এ উদ্যোক্তা রোমানা আহমেদ, প্রজিয়ন গ্রুপের পরিচালক সেলিনা মীর, প্রাণ গ্রুপের ফাইন্যান্স বিভাগের পরিচালক উজমা চৌধুরী, আরকথা-এর উদ্যোক্তা পারভীন আহমেদ, শিশু তরী সংস্থার চেয়ারপারসন নিলুফার করিম এবং ন্যাশনাল ইন্সটিটিউট অফ ডিজাইনের চেয়ারপারসন শারমিন আক্তার। তাঁরা সকলেই তাঁদের পথ চলার গল্প শোনান সবাইকে, যা ছ্বুঁয়ে যায় সবার মনকে। সেই সঙ্গে গানের সুরেও সুর মেলান সকলে।
নারীদের জন্য নতুন এই বিভাগ খোলা প্রসঙ্গে ব্র্যাক ব্যাংকের উপ ব্যবস্থাপনা পরিচালক জনাব সৈয়দ মাহবুবুর রহমান বলেন, 'এস.এম.ই., কর্পোরেট কিংম্বা রিটেইল ঋণের ক্ষেত্রেও আমাদের ভেতর ব্যাংক জুড়েই নারীর ক্ষমতায়নের বিষয়টি কাজ করে। আমাদের পরিকল্পনা ও ব্যবস্থাপনা পর্ষদেও যেমন বিষয়টি স্পষ্ট, তেমনি বিষয়টি উৎসাহিত করা হয় ব্যাংকজুড়ে সমস্ত কর্মীদের ভেতর।'
এই অনুষ্ঠানে আরো উপস্থিত ছিলেন ব্যাংকের উর্দ্ধতন এবং প্রধান কার্যালয়ের প্রায় সকল কর্মকর্তাবৃন্দ।
February 4, 2010 Rupali Bank joins technology network led by BRAC Bank Pioneering partnership between a public and private sector bank
Mrs. Halima of Rajoir village in Madaripur used to travel 12 kilometers every month to collect the hard-earned money her husband had sent from Malaysia. "Money comes to private banks who has branches at main city, we only have a government bank branch near our 'moholla' – that branch doesn't give me the money". She still smiles, withdrawing the money from a BRAC Bank SME Center. "At least we have these banks where we get money almost by the time he calls me from his work."
Remittance recipients like Mrs. Halima now can actually withdraw money from any nearby Rupali Bank branch as well. The public bank has just joined ELDORADO, a state-of-the-art, online, real-time remittance distribution system that enables recipients to withdraw money from any branch of any of the member banks in.
Rupali Bank Limited (RBL) today signed agreements with BRAC Bank Limited (BBL) to join in ELDORADO and OMNIBUS shared networks. The two banks inked the deals in presence of Dr. Atiur Rahman, Governor of Bangladesh Bank.
BRAC Bank initiated ELDORADO to bring in banks on a common technological platform to share foreign remittances. With Rupali Bank joining this network, this network now has 9 banks, whereby foreign remittances can be withdrawn across over 1,000 branches across the country, that too instantly!
OMNIBUS, on the other hand, is a shared ATM (Automated Teller Machine) and POS (Point of Sales) network led by BRAC Bank. This technological platform helps customers of members banks to use any ATM of the member banks. From now on, customers of RBL can use shared network of over 300 ATMs of OMNIBUS across Bangladesh. The combined network also has over 1,200 POS terminals and 1 million ATM card users.
Mr. Md. Abdul Hamid Miah, Managing Director of Rupali Bank and Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank signed an agreement on behalf of their respective organizations in presence of Dr. Atiur Rahman, Honorable Governor of Bangladesh Bank and Mr. Ahmed Al-Kabir (Ph.D), Chairman of RBL.
Mr. S. M. Mahfuzur Rahaman (Ph.D), Director;; Mr. Jaglul Karim, Deputy Managing Director of Rupali Bank; Mr. Tarique Amin Bhuiyan, Chief Information Officer of BRAC Bank and senior officials of both the banks.
"We all talk about a Digital Age, a Digital Bangladesh. It is indeed inspiring to see that in sync with this priority of the government, public banks are also growing technologically advanced.", said Dr. Atiur Rahman, Governor of Bangladesh Bank. "Because of the huge investment in such initiatives, it is always more sensible to have a common platform. I am happy that Rupali Bank is the first government bank to take such a bold step towards customer benefit."
Rupali Bank has been holding back most of its initiatives in pursuit of privatization. Government recently appointed Dr. Ahmed Al-Kabir, a veteran development and health-administration specialist and faculty at John Hopkins University as the Chairman. Industry specialists see this as a positive move to bring RBL back on speed. "Public bank like Rupali Bank has such an unmatchable reach, both in terms of number of branches and the human power. These resources can now be utilized exponentially once we have necessary technological setup" he said. "But for such a scale, it is too large an investment and the time-frame would also be a challenge. The obvious optimum choice was to join a fool-proof system developed by the private banking industry, such as ELDORADO and OMNIBUS."
Speaking at the signing ceremony, Mr. Muhaimen said, "BRAC Bank initiated these technology platforms with a vision to create a wider network for banking customers. Irrespective of which bank a customer has account with, if we all can join one common journey of getting closer to them, it will help everyone in the industry, as well as result into a positive impact on overall economic development of the nation."
In this occasion, Mr. Md. Abdul Hamid Miah, Managing Director of Rupali Bank said, "Rupali Bank joins ELDORADO and OMNIBUS for the natural reason to provide round-the-clock better banking services through a greater ATM & POS network for our customers and to reach remittances to customers in remote areas through our branches".
This partnership is the first of its kind in the industry where a public bank has partnered with a technology platform led by any private bank. Sharing of resources and knowledge would only enhance benefit for the end-customers like Mrs. Halima. The two banks also shared common matters of interest. BRAC Bank even presented their SME Experience and Model for Rupali Bank. The program was also attended by Mr. S. M. Mahfuzur Rahaman (Ph.D), Director, Mr. Jaglul Karim, Deputy Managing Director of Rupali Bank, Mr. Tarique Amin Bhuiyan, Chief Information Officer of BRAC Bank and other senior officials of both the banks.
Biochemistry Olympiad is held for the first time in Bangladesh
Department of Biochemistry and Molecular Biology, University of Dhaka has organized the 1st Biochemistry Olympiad which was held on 8th January 2010, at its Curzon Hall Campus. BRAC Bank has significantly contributed for this event.
To create awareness about the importance of bioscience among secondary and higher secondary level students, arrangement of programs like Olympiad are essential. Biochemistry is an integral part of biosciences.
Professor A. A. M. S. Arefin Siddique, Vice-Chancellor, University of Dhaka, graced the occasion as Chief Guest. As special guests Professor S. A. M. Khairul Bashar, Pro-Vice-Chancellor, North South University, Professor M. A. Bashar, Dean, Faculty of Biological Sciences, University of Dhaka and Dr. Mahabub Hossain, Executive Director, BRAC, Mr. Syed Mahbubur Rahman, Deputy Managing Director, BRAC Bank Limited were also present on the occasion.
BRAC Bank being a socially responsible organization always strives to be associated with this kind of initiative which helps to encourage the new generations to embellish their talents and hopes to contribute for the betterment of society.
BRAC Bank & Bangladesh Bank inks deal BRAC now can allow loans to the customers for environment friendly projects
BRAC Bank now can allow loans to the customers for environment friendly Solar Energy, Bio-gas and Effluent Treatment Plant in their business and household purpose complying with Bangladesh Bank guidelines which facility refinanced by Bangladesh Bank under SMESPD. Mr. Syed Mahbubur Rahman, DMD of BRAC Bank and Mr. Md. Abul Quasem, ED of Bangladesh Bank recently signed an agreement in this regard.
BRAC Bank & Zuellig Pharma Bangladesh inks deal The Bank will provide Nationwide Collection Service for the effective and efficient Cash Management of Zuellig Pharma Bangladesh
Mr. Syed Mahbubur Rahman, Deputy Managing Director of BRAC Bank and Mr. Shailendra Bobhate, Managing Director, Zuellig Pharma Bangladesh recently signed an MoU on behalf of their respective organizations in presence of other senior officials of both organizations. As per this MoU, BRAC Bank will provide Nationwide Collection Service for the effective and efficient Cash Management of Zuellig Pharma Bangladesh.
BRAC Bank Opens SME Service Centre at Bandar, Sylhet Customers of the Bank now can avail online banking facilities through this SME Service Centre
Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank is seen inaugurating its SME Service Centre at Bandar, Sylhet in presence of local elites and senior officials of the bank. This is the first such center at Bandar with 24x7 modern online banking facility.
January 25, 2010 BRAC Bank and MasterCard Announce Strategic Alliance The fastest growing bank to launch its EMV compliant highly secured MasterCard
BRAC Bank and MasterCard have jointly announced the formation of a strategic alliance to launch BRAC Bank MasterCard branded cards. Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank Limited and Mr. Vikas Varma, Vice President, South Asia, MasterCard Worldwide jointly announced the strategic alliance on behalf of their respective organizations in the press meet.
This alliance will facilitate a wide range of products and services toward BRAC Bank customers to make their lifestyle much easier in terms of using plastic money locally and globally. BRAC Bank will issue MasterCard, which will be accepted by the millions of merchants operating on the MasterCard's global merchant network.
This time BRAC Bank is going to introduce EMV compliant MasterCard Cards to ensure the highest level of security for avoiding any kind of fraudulent risk. In addition to the security this will also provide instant discount on merchant point, hotel booking, reward point on usage and many more attractive features for its customers.
On this occasion, Mr. A. E. A. Muhaimen said, "We are happy to announce this Strategic Alliance with MasterCard which will allow us to offer more choices along with new features and services to our valued customers".
Speaking on this occasion, Mr. Vikas Varma said, "Innovation is an integral part of MasterCard and we are constantly driven to provide products and services that are best for our customer banks. We look forward to nurturing our relationship with the BRAC Bank and paving the path towards growth and profitability."
MasterCard exchanged the agreement copy with BRAC Bank at the Press Meet where senior officials of BRAC Bank Limited and MasterCard were present along with the journalists of various leading print and electronic medias.
January 24, 2010 BRAC Bank to receive international grant towards creating Savings Accounts for the poor
Country's leading SME Bank is going to receive part of a $5.5 million grant from ShoreBank International to help provide the poor with safe, affordable places to save their money. The grant is part of a package from the Bill and Melinda Gates Foundation that will be given to six intermediaries including ShoreBank International.
BRAC Bank is one of the four banks nominated from Asia by ShoreBank for this signature package. The bank will utilize the grant to expand its portfolios and make savings accounts available to the poor and grass-root people across Bangladesh in the next five years. This will create new ways for the poor to make deposits and withdrawals, expand the availability of existing savings products, and fund savings-focused marketing campaigns.
“Access to savings services and products protects the poor by making them less vulnerable, while opening the door to new economic opportunities and earning a positive return,” said Laurie J. Spengler, President of ShoreBank International Ltd.
BRAC Bank has been a pioneer in extending SME loans to the missing-middle of the country – people who are at grass-root level, in need of financial service larger than micro-finance-scale but smaller than the medium corporate. While the bank's unique model has contributed in improving the lives of millions of poor people by offering small loans, providing access to safe, affordable savings accounts has been a challenge because of the high costs for both banks and customers.
“There is certainly an opportunity for banking at the grass-root level,” Mr. A.E.A. Muhaimen, Managing Director and CEO of BRAC Bank said in a reaction, “but bringing them an affordable savings account in a sustainable manner remains a challenge.” He thanked having shareholders like ShoreCap Exchange (a concern of ShoreBank International) whose global presence helps BRAC Bank to avail such opportunities.
Syed Faridul Islam, Head of SME Banking at BRAC Bank, mentioned, “Contrary to popular beliefs, we saw that the grass-root people also have their own, informal, some-what unsafe ways to savings. For banks, the costs of physical buildings with dedicated staff are expensive, especially in remote areas or where there is a limited number of clients with small deposits. We do have the technical know-how and a reach through 429 SME Unit Offices; this Grant will now enable us to reach to the remote areas with savings accounts.”
Industry experts mentioned that poor households with access to savings accounts are more likely to invest in education, increase productivity and income, and reduce vulnerability to illness and other unexpected events. “The poor have surprisingly sophisticated financial lives and present a rapidly emerging business opportunity for banking in the developing world,” said Jonathan Morduch, professor at New York University and co-author of Portfolios of the Poor. “Savings initiatives like these help strengthen and expand financial institutions, enabling them to overcome significant barriers and provide affordable savings accounts to the poor in a sustainable manner.”
January 19, 2010 BRAC Bank opens its branch in Upashahor, Sylhet The fastest growing bank brings 24-hour ATM service with modern online banking at Upashahor, Sylhet
BRAC Bank is now at Upashahor, Sylhet with its world-class banking facility. Mr. Muhammad A. (Rumee) Ali, Chairman, BRAC Bank Limited formally inaugurated the Upashahor Branch on 19th January, 2010 with the presence of Mr. A. E. A. Muhaimen, Managing Director & CEO of the Bank.
'Upashahor of Sylhet has always been known as an excellence of new residential area where BRAC Bank wants to offer the same banking service to the people of Upashahor that they have been offering throughout the country', said Mr. Muhammad A. (Rumee) Ali, Chairman, BRAC Bank Limited.
'We are happy that BRAC Bank opened its branch with 24-hour ATM Service and modern Online Banking in Upashahor for the fulfillment of banking demand of the locality for long time and we always try to provide the best service in the market for our customers.' said Mr. Muhaimen.
The branch is located at 3/3, Main Road, Block-D, Upashahor, Sylhet. The entire area and the locality wore a festive look on this occasion. Local elites, business people, a large number of Bank's customers along with senior management of the Bank attended the inauguration program in great fanfair.
January 18, 2010 BRAC Bank brings first ATM and Online Banking to Hobiganj The fastest growing bank opens its branch in Hobiganj
BRAC Bank is now at Hobiganj with its world-class banking facility. Sir Fazle Hasan Abed, Founder and Chairperson, BRAC formally inaugurated the Hobiganj Branch on 18th January, 2010 with the presence of Mr. Muhammad A. (Rumee) Ali, Chairman and Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank.
'Hobiganj has always been known as a prime hub of the country in trade, education and culture. BRAC Bank wants to offer the same banking comfort to the people of Hobiganj that they have been offering throughout the country', said Sir Fazle Hasan Abed, who is also an eminent local personality of Hobiganj.
In expression of this occasion, Mr. Muhammad A. (Rumee) Ali said, 'We are happy that BRAC Bank opened its branch with 24-hour ATM Service first time in Hobiganj for the fulfillment of banking demand of the locality for long time and we always try to provide the best service in the market for our customers.'
On this occasion, Mr. A. E. A. Muhaimen mentioned the wide network of financial services that people would have access to very easily. 'BRAC Bank has one of the largest networks of Branches, SME Service Centers and ATMs – fully online, realtime across Bangladesh. It is our pleasure to welcome the people of Hobiganj to the Joy of Banking of BRAC Bank', said Mr. Muhaimen.
Hobiganj has been historically a place of hayor of so many fishes, paddy, tea garden. BRAC Bank is one of the very banks, however, to open a full-scale branch here. The Bank also brings 24-hour ATM service for the first time in the town.
The branch is located at Holding 3660, Old Munsefi Road, Ward 5, Hobiganj, Sylhet. The entire area and the locality wore a festive look on this occasion. Local elites and business people along with senior management of the Bank attended the inauguration program in great fanfair.
December 31, 2009 Suinupru Marma of Khagracchori and Kanika of Natore wins "Nache Gane No-1" BRAC Bank supports Dream of Adolescents coming true
Adolescent population is a strong force for any nation. In Bangladesh 22% of the total population consists of adolescents. But they could not avail equal opportunities in terms of health, education and space for recreation. To create a wider scope for adolescents, BRAC initiated a program named Adolescent Development Programme in 1993. Since then BRAC has been working for the betterment of adolescents with innovative approaches like organizing Adolescent Talent Hunt Nache Gane No 1 in collaboration with BRAC Bank Limited and ETV.
At the Prize Giving Ceremony of Nache Gane No-1 which was held at the National Museum Auditorium on 12 December, 2009, out of the four contestants from each group, the 2nd runner up, 1st runner up and winner were selected. BRAC Bank Ltd was responsible for the total prize money that was handed out to the winners of the competition. Tk. 100,000 each was given as prize money to the first two winners Tk. 200,000, Tk 75000 each to the second two winners, Tk 50,000 each to the third two winners and Tk 20,000 each for rest of the eight participants. BRAC Bank has extended their support by giving out the prize money to the 14th contestants of 'Nache Gane No-1'.
The winner of Nache No1 was Suinupru Marma, a girl belonging to the Marma tribe from Ramgar, Khagrachori. Without any professional training Suinupru has proved to be the best amongst all the participants. She claimed that her success owed to the fact that dancing is a part of tribal culture.
The winner of Gane No-1 was Kanika, a girl of class seven from Natore. Kanika came out of her village for the first time in Pabna when she participated at the district level competition on APON Protivar Khoje.
Mr. Muhammad A. (Rumee) Ali, Managing Director of BRAC; Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank Limited and Mr. Abdus Salam, Chairman of Ekushey Telivision handed over the prizes to the participants in the ceremony.
The winners of the competition expressed their gratitude at being given this opportunity and the platform to display what little of talent they were able to develop over the years, using meager resources. The winners of Adolescents never expect that they could come up in such a very highlighting event in their life that BRAC Adolescent Development Program, BRAC Bank and ETV has come true. BRAC Bank Ltd, who was responsible for the prize money that the winners were given, was proud to be able to help the adolescents of today by its contribution and hopes to be able to do so in the near future.
21st December, 2009 BRAC Bank inks deal with University of Information Technology & Sciences (UITS)
Mr. Syed Mahbubur Rahman, Deputy Managing Director of BRAC Bank and Engr. Mohammed Anowarul Huque, Register of University of Information Technology & Sciences (UITS) recently signed an MoU on behalf of their respective organizations in presence of Mr. Mizanur Rahman Chowdhury, Chairman of PHP Group and UITS among other senior officials of both sides. As a result of this MoU, students of UITS will now be able to deposit tuition fees through a more systematic, improved and efficient banking system of BRAC Bank.
December 2, 2009 Mamdudur Rashid joins BRAC Bank as DMD
Mohammad Mamdudur Rashid joined BRAC Bank recently as Deputy Managing Director. He brings over 19 years of experience in financial services industry to the team of country's fastest growing bank.
An MBA of IBA (Institute of Business Administration) of University of Dhaka, Mamdudur Rashid was a Vice Chancellor's Gold Medalist. He completed his MA in International Economics and Finance from Brandeis University of Massachusetts, USA as a Fullbright Scholar. He also was recipient of the President's Gold Medal of the Marine Academy.
He started his career with Citibank in Bangladesh. Mamdud managed multiple functional areas of banking covering Finance, Operations, Product Management, Compliance, HR, Credit Administration and General Services across Bangladesh, India and Australia. Prior to joining BRAC Bank, Mamdud was the Regional Head of Planning and Analysis for Citibank-Australia and New Zealand region for its institutional banking business. He has held several other senior management positions at Citibank during his banking career.
In his multifaceted professional career, Mamdud has also been a Lecturer of Finance at IBA and a Merchant Mariner. Industry experst sees his joining as a positive reinforcement of the strategic growth of BRAC Bank.
23rd November, 2009 BRAC Bank & Union Development & Technologies (UD&T) inks deal Customers of UD&T will get privileged services for BRAC Bank Home Loan
Mr. Sk. Abul Hashem, Managing Director of Union Development & Technologies and Mr. Firoz Ahmed Khan, Head of Retail Banking of BRAC Bank recently signed an MoU on behalf of their respective organizations. As per this MoU, Customers of Union Development & Technologies will receive privileged services for BRAC Bank Home Loan.
17th November, 2009 BRAC Bank Opens 3 More ATMs in Dhaka Customers of the Bank now can withdraw money from three new area in Dhaka
BRAC Bank recently opened 3 more ATMs at Hajicamp, Uttara Sector # 6 and Uttara Sector # 12 in Dhaka. Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank along with senior officials inaugurated the ATMs. With these ATMs, BRAC Bank customers can access their Bank Accounts through 175 own ATMs and around 100 more of OMNIBUS-Partner Banks' ATMs across the country.
November 12, 2009 BRAC Bank employees donate blood for Thalassemia patients
There are more than 1 crore people in Bangladesh who are carrying the risk of Thalassemia – an inherited blood disorder by which the body is unable to produce adequate hemoglobin in red cells. The best treatment available today is of frequent blood transfusions every two or three weeks with iron chelating therapy. Otherwise, this disorder results in death. As a consequence, a larger pool of blood supply is needed in blood banks to treat Thalassemia patient.
BRAC Bank came forward today to enrich such a blood-bank. Through a voluntiary blood donation program at its head office, bank employees donated blood for Bangladesh Thalassemia Hospital.
The program was announced among the bank employees a week before. Employees volunteered in groups well-before the official inauguration time of 12 pm. Enthusiastic donors ranged from the very top of the managemeng tier to the very bottom – all in the same forum, for the same noble cause.
'We collected blood after necessary health screening. It was impressive to receive such enormous response from a private organization. We hope this will remain as a wonderful example and other organization will also follow through. This is how we will create awareness of thalassemia from the forefront', said Advisor of Bangladesh Thalassemia Hospital Mr. Mustafizur Rahman Khan.
BRAC Bank has always been active as a socially responsible corporate house. This time, the bank went one step further: having the employees individually contributing for a great cause. 'We have tried to be engaged with the society. Today's endevour is another step towards living closer to you.', says Managing Director and CEO of BRAC Bank Mr. A. E. A. Muhaimen.
Thalassemia is a blood disorder which comes through genetic trait. If both the parents carry the sick cells in their gene, then there is a possibility of their children being affected with Thalassaemia. The patient suffers from prolong anemia and in absence of correct treatment, the child may survive only for about 5 years. According to the World Health Organization report, in Bangladesh more than 11 million people are thalassemia patient.
We can avoid this deadly disease by creating awareness. Proper blood screening at young age – even prior to their marriage – can determine whether the person is at risk of giving birth of a child who'll become a thalassemia patient or not.
BRAC Bank earlier also supported awareness campaign against thalassemia through various initiatives.
November 9, 2009 BRAC Bank-led OMNIBUS gets Eastern Bank in its shared ATM Network Customers can use shared ATM network of more than 17 banks
Eastern Bank Limited (EBL) has recently joined OMNIBUS, a platform of shared ATM (Automated Teller Machine) and POS (Point of Sales) networks lead by BRAC Bank. From now on, customers of EBL can use shared network of over 300 ATMs of OMNIBUS across Bangladesh.
OMNIBUS is a facility that combines the ATM and POS networks of member institutions through a combined network of over 300 ATMs, 1,200 POS terminals and overall ATM card base of 1 Million.
Mr. Ali Reza Iftekhar, Managing Director & CEO of Eastern Bank and Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank signed an agreement on behalf of their respective organizations, in presence of senior officials of both the banks.
Speaking at the signing ceremony, Managing Director & CEO of BRAC Bank Mr. A. E. A. Muhaimen said, "BRAC Bank initiated OMNIBUS with a vision to create 24x7 seamless ATM and POS banking at a common platform. We are happy to see so many banks joining in the platform, which in turn makes banking so much more accessible to customers."
Mr. Ali Reza Iftekhar, Managing Director & CEO of Eastern Bank said, "EBL joins OMNIBUS for the natural reason to provide round-the-clock better banking services through a greater ATM & POS network for our customers".
With the latest EBL addition, a total of 5 institutions are in OMNIBUS: BRAC Bank, ITCL (a membership of 14 banks), One Bank, UCBL and EBL. Through this common platform, customers of any of 18 member banks can use any of their 300 ATMs and over 1,200 POS terminals to do basic banking transaction 24X7.
November 05, 2009 BRAC Bank opens its branch in Ghorashal The fastest growing bank brings 24-hour ATM service first time at the fertilizer town
BRAC Bank is now in Ghorashal with its world-class banking facility. Ms. Nihad Kabir, Director of BRAC Bank and Mr. A. E. A. Muhaimen, Managing Director & CEO of the Bank formally inaugatrated the Ghorashal Branch on 5th November.
'Ghorashal has always been known as a prime hub of the country in trade, education and culture. BRAC Bank wants to offer the same banking comfort to the people of Ghorashal that they have been offering throughout the country', said Barrister Nihad Kabir, who is also an eminent local personality of Ghorashal.
On this occasion, Mr. A. E. A. Muhaimen mentioned the wide network of financial services that people will have access to. 'BRAC Bank has one of the largest networks of Branches, SME Service Centers and ATMs – fully online, realtime across Bangladesh. It is our pleasure to welcome the people of Ghorashal to the Joy of Banking', said Mr. Muhaimen.
Ghorashal has been historically a place of power, gas and fertilizer. BRAC Bank is one of the very banks, however, to open a full-scale branch here. The Bank also brings 24-hour ATM service for the first time in the town.
The branch is located at 223, Hospital Road, Ghorashal, Narshindi. The entire area and the locality wore a festive look on this occasion. Local elites and business people attended the inauguration program in great fanfair.
Mr. Syed Mahbubur Rahman, Deputy Managing Director; Mr. Firoz Ahmed Khan, Head of Retail Banking; Mr. Zeeshan Kingshuk Huq, Head of Corporate Affairs and Mr. Abdur Rahman, Head of Branch Banking and other senior officials of the Bank were present at the ceremony.
2nd November, 2009 COO of Triodos Bank, Netherlands recently visits BRAC Bank To know about the processes & techniques of the Bank's impressive growth
Mr. Michael Jongeneel, COO, Triodos Bank, Netherlands recently visited BRAC Bank. During his visit to BRAC Bank Training Center, Ms. Tahniyat Ahmed Karim, Head of Human Resources, BRAC Bank accompanied him.
22nd October, 2009 Social Islami Bank joins ELDORADO
Mr. A. E. A. Muhaimen, MD & CEO of BRAC Bank and Mr. K. M. Ashaduzzaman, MD of Social Islami Bank (SIB) is seen signing an agreement. SIB, through this agreement, joined ELDORADO – an automated Remittance & Payment System led by BRAC Bank. Among other senior officials of the banks, Mr. Syed Mahbubur Rahman, DMD; Mr. Tarique Amin Bhuiyan, CIO; Mr. Mohammed Rahmat Pasha, HoT&FI of BRAC Bank and Mr. Abu Sadek Md. Sohel, AMD; Mr. A. M. M. Farhad, EVP of SIB were present.
19th October, 2009 First Security Islami Bank joins ELDORADO
Mr. Syed Mahbubur Rahman, DMD of BRAC Bank and Mr. Md. Abdul Kuddus, DMD of First Security Islami Bank (FSIB) is seen signing an agreement. FSIB, through this agreement, joined ELDORADO – an automated Remittance & Payment System led by BRAC Bank. Among other senior officials of the banks, Mr. Mohammed Rahmat Pasha, Head of T&FI of BRAC Bank and Mr. Foiz Ahmed, Head of ID of FSIB was present.
Mutual Trust Bank joins ELDORADO Signs agreement with BRAC Bank
Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank and Mr. Anis A. Khan, Managing Director & CEO of Mutual Trust Bank are seen on an MoU signing. Mutual Trust Bank, through this agreement, joined ELDORADO – an automated Remittance & Payment System led by BRAC Bank. Among other senior officials of the banks, Mr. Syed Mahbubur Rahman, Deputy Managing Director of BRAC Bank and Mr. A. K. M. Shameem, Senior Executive Vice President of Mutual Trust Bank were present.
Interest bearing current account for SMEs - BRAC Bank introduces 'Prapti Current Account' Imamganj SME Service Center relocated to serve SMEs better
BRAC Bank Limited, the leading private commercial bank in SME Banking, has introduced the Prapti Current Account – an interest bearing current account with unlimited transaction facility and no intercity transaction charge. Today Mr. A. E. A. Muhaimen, Managing Director & CEO of BRAC Bank unveiled Prapti Current Account and handed over the welcome pack to the first customer at Old Dhaka.
Prapti Current Account is a tailor-made deposit product specially designed to meet requirements of small and medium sized enterprises and to offer greater convenience in terms of financial transactions for business purpose. Prapti customers can open an account with as low as Tk. 5,000 only. They can earn interest at annual rate of up to 4%. on their daily balance. There is no upfront charge during account opening. Prapti Current Account comes with a free ATM Card to offer 24-hour banking facility from more than 150 ATM booths conveniently located throughout Bangladesh. This account has been launched through a humble ceremony at the newly located Imamganj SME Service Center of the Bank.
BRAC Bank's Imamganj SME Service Center has recently been relocated to a bigger premises at Chawk Corner (1st Floor), 1 Nandalal Kumar Datta Road, Chawkbazar, Dhaka to offer greater banking convenience to its SME Clients. This relocated SME Service Center has been formally inaugurated by Mr. A. E. A. Muhaimen, MD & CEO of BRAC Bank during the same event.
Among other senior officials of BRAC Bank Mr. Syed Faridul Islam, Head of SME Banking and Mr. Firoz Ahmed Khan, Head of Retail Banking were present in the occasion. A large number of Bank's SME clients and local dignitaries were also present in the program.
BRAC Bank extended endowment of Tk. 50 Lac to Kidney Foundation Hospital
BRAC Bank recently extended endowment of Tk. 50 Lac to Kidney Foundation Hospital under construction in Mirpur, Dhaka. Acting MD & CEO Mr. Syed Mahbubur Rahman is seen formally handing over the first cheque to Dr. Harun Ur Rashid, Chairman, Kidney Foundation Hospital.
BRAC Bank & Western Union Launches a Consumer Promotion Customers will get gifts every time at the time of receiving remittance payment from any branch of BRAC Bank
BRAC Bank and Western Union have recently launched a consumer promotion, where during Ramadan, Customers will get a free umbrella every time s/he collects his/her remittance payment from any BRAC Bank branches across Bangladesh. Picture shows few early customers receiving gifts from Mr. Mohammed Rahmat Pasha, Head of Treasury & FI & Acting Head of Probashi Banking, BRAC Bank and Mr. Syed Mohammad Kamal, Country Manager, Western Union, Bangladesh in Dhaka.
BRAC Bank & Homeland Real Estate (HRE) inks deal Customers of HRE will get privileged services for BRAC Bank Home Loan
Mr. Md. Nurul Kabir, Managing Director of Homeland Real Estate and Mr. Firoz Ahmed Khan, Head of Retail Banking of BRAC Bank recently signed an MoU on behalf of their respective organizations. As per this MoU, Customers referred by Homeland Real Estate will receive privileged services for BRAC Bank Home Loan.
BRAC Bank & Shanta Properties Limited (SPL) inks deal Customers of SPL will get privileged services for BRAC Bank Home Loan
Engr. Kamal Uddin Ahmad, Chief Executive Officer of Shanta Properties and Mr. Firoz Ahmed Khan, Head of Retail Banking of BRAC Bank recently signed an MoU on behalf of their respective organizations. As per this MoU, Customers referred by Shanta Properties will receive privileged services for BRAC Bank Home Loan.
BRAC Bank presents 'Bappa with the Rockers' in Eid-ul-Fitre
Renowned singers Bappa Mazumder and Sumon (Aurthohin), along with notorious music director, Fuad, recently launched their new album titled, 'Bappa with the Rockers' under the banner of G-Series and Agniveena and sponsored by BRAC Bank Limited.
At the event were present, among the three mentioned above and others, Mr. Syed Faridul Islam, Head of SME Banking and Mr. Taufiq Hassan, Head of Cards of BRAC Bank, singers of the album Sumon (Aurthohin), music director Fuad, D-Rockstar famed Shuvo, Proprietor of G-Series and Agniveena Nazmul Haque Bhuiyan Khaled, singer Milon Mahmud, music director Zooel, Iqbal, Asif Jewel, singers Topu, Mila, lyricist Shahan Kabandha and actress Chandni.
We had plans to bring out an album together for a long time. It feels great to be able to turn that into reality,' said Bappa Mazumder at the launching ceremony.
Work on the album began in June and all along we planned to release it around Eid, as we wanted to give our fans something special. The experience was unique, as my co-artists Fuad, Arnob and Sumon, are all accomplished musicians' he added.
'Bappa with the Rockers' will mark Bappa Mazumder's first album with rock artists and consists of songs by many of the country's most renowned singers. There are two songs from each singer in the album, each a combination of melodious tunes with rock. Tracks titled 'Olat palot' and 'Bhallagena' are by Sumon, 'Ghorir Kanta' and 'Aamar shathey chal' by Fuad and 'Tomai dekhe' and 'Hoyto aami' by Arnab, 'Bhul Janala' and 'Khunshuti' by Shuvo and 'Bhanga gora' and 'Chaicho jokhon' by Bappa Mazumder.
This exclusive album has brought together four of the most talented and popular musicians of the country, Bappa Mazumder, Sumon, Fuad and Arnob alongside winner of the first 'D-Rockstar' contest, Shuvo. This is the first time that BRAC Bank Limited has taken the initiative to support and sponsor this exclusive album as it is a joint venture of five of the most talented musicians of today. BRAC Bank will give away a free album with every new credit card issued. Not only that, the highest 300 spenders of BRAC Bank Credit Card will be invited to an exclusive musical evening with the stars from the album.
BRAC Bank & American Life Insurance Company (ALICO) inks deal BRAC Bank SME borrowers will enjoy life insurance facility from ALICO
Mr. Syed Mahbubur Rahman, Acting Managing Director & CEO of BRAC Bank and Mr. Nurul Islam, Regional Senior Vice President of American Life Insurance Company recently signed an MoU on behalf of their respective organizations. This MoU will facilitate BRAC Bank SME borrowers to enjoy life insurance facility against SME loan. Mr. Syed Faridul Islam, Head of SME Banking, Ms. Tahniyat Ahmed Karim, Head of Human Resources Division of BRAC Bank and other top officials of BRAC Bank and ALICO were also present at the ceremony.
BRAC Bank recently signs an Agreement with Bangladesh Post Office Bangladeshi Nationals get the solution of sending money to their beneficiaries instantly in Bangladesh
Mr. Syed Mahbubur Rahman, Acting Managing Director & CEO, BRAC Bank and Mr. Mobasherur Rahman, Director General, Bangladesh Post Office, recently signed an agreement on behalf of their respective organizations. As per this agreement, BRAC Bank and Bangladesh Post Office would benefit Bangladeshi Nationals to send money from anywhere across the global, which can be received instantly by the beneficiaries at the Post Office payout locations scattered all over Bangladesh.
BRAC Bank recently signs an MoU with Risk Control Solutions (RCS) SDN. BHD. Bank can increase the effectiveness and the efficiency of its collection and recovery activities
Mr. Tarique Amin Bhuiyan, Chief Information Officer, BRAC Bank and Mr. David Norton, Executive Director, RCS recently signed an MoU on behalf of their respective organizations. As per this MoU, BRAC Bank can increase effectiveness & efficiency of its collection and recovery activities. Mr. Syed Mahbubur Rahman, Acting Managing Director & CEO of BRAC Bank and other senior officials were also present in the ceremony.
BRAC Bank & United Hospital Signs MoU United Hospital will provide their privileged services for BRAC Bank Card Holders
Mr. Firoz Ahmed Khan, Head of Retail Banking of BRAC Bank and Dr. Abu Sayeed M. M. Rahman, Director, Clinical Development & Governance Consultant, General Surgery of United Hospital recently signed an MoU on behalf of their respective organizations. As per this MoU, United Hospital will provide their exclusive privileged benefits on different medical services for BRAC Bank Card (Debit, Credit, etc.) Holders.
BRAC Bank Opens 3 More ATMs in Dhaka Customers of the Bank now can withdraw money from three new area in Dhaka
BRAC Bank recently opened 3 more ATMs at Moghbazar, Agargaon and Lake City Concord in Dhaka. Mr. Firoz Ahmed Khan, Head of Retail Banking of the Bank along with other senior officials inaugurated these ATMs. With these new-generation bi-lingual ATMs, BRAC Bank customers can access their Bank Accounts through 153 own ATMs and around 100 more of OMNIBUS-Partner Banks across the country.
The World's Leading Sustainable Banks Announce Major New Commitment Global Alliance for Banking on Values commit to support $2 billion lending expansion
A new network of growing, crisis-resistant, sustainable banks has announced an ambitious commitment to support the expansion of $2 billion in lending to disadvantaged communities and green projects around the world.
The Global Alliance for Banking on Values made the announcement at the Clinton Global Initiative in New York this month. The independent network of eleven of the world's leading sustainable banks - who serve over 7 million customers, in 20 countries, with a combined balance sheet of over $10 billion - was launched earlier this year in the Netherlands. According to its Chair, it already has concrete proposals to start making a major impact.
"We commit, over three years, to assist our members and other sustainable finance institutions to secure $250 million in additional capital," says Peter Blom, CEO of Dutch ethical bank, Triodos, and Chair of the Global Alliance for Banking on Values. "This capital will lead to $2 billion in new lending. At a time when the global financial system is struggling to lend, our members and other genuinely sustainable banks will benefit millions of borrowers - from individual entrepreneurs in Asia, Africa and South America, to pioneering new green projects in North America and Europe."
"Sustainable banks will need to raise capital to continue to build on their considerable achievements and deliver on their huge potential," says Mary Houghton, President of the ShoreBank Corporation.
"The commitment we are announcing today demonstrates just how powerful this opportunity is. We are determined to take it."
The Global Alliance for Banking on Values United States launch, took place at the Clinton Global Initiative's Annual Meeting on Friday 25 September. The banks in the Alliance range from ShoreBank, ShoreBank, the first community development and environmental bank in the U.S., based in Chicago, to BRAC Bank - part of the BRAC Group, the world's largest microfinance institution - and Triodos Bank, Europe's leading sustainable bank and this year's winner of the Financial Times Sustainable Bank of the Year Award.
The new partnership plans to develop new ways of working, build organizations better suited to long-term sustainable thinking, and new forms of ownership and economic cooperation. And, given the financial crisis, and its profound and lasting influence, the new Alliance believes its timing is crucial.
According to Fazle Hasan Abed, Founder and Chairperson of BRAC, "If we are to tackle the global problems we face, we are going to need international action to do it. We believe these banks have the potential to change the architecture of the financial world, and start delivering lasting solutions for unserved and underserved communities and sectors."
Syed Mahbubur Rahman has been appointed Managing Director & CEO of BRAC Bank Limited on June 6, 2010. Prior to this appointment he worked as the Deputy Managing Director at the same bank. Mr. Rahman takes over the responsibility from Mr. A.E.A. Muhaimen, who is leaving the Bank to take up an overseas assignment.
The GABV, a network of eleven of the world's leading sustainable banks, came together in Bangladesh to try to build a viable future for the financial industry. At its close, the organization is pledging to touch the lives of one billion people by 2020. It expects the growth to come from expanding the network's membership significantly, supporting banks looking to adopt genuinely values-driven models, and the creation of new sustainable banks.
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