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 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."
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