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Asiamoney "Best Bank for SMEs" 2017
BRAC Bank Limited’s SME financing has achieved international recognition.
Hong Kong-based magazine Asiamoney has awarded BRAC Bank as the "Best Bank for SMEs". The internationally renowned media outfit has recently announced the "Asiamoney Country Awards 2017".
In award citation Asiamoney noted, under Managing Director & CEO Selim R. F. Hussain, BRAC Bank has honed its attention on SMEs, increasing its share of overall lending to smaller enterprises to 39% of the total loan book at the end of 2016, up from 34% a year earlier.
While BRAC Bank under Hussain is intent on becoming the best overall lender in Bangladesh in the medium term, it is also clearly focused on cementing its place as the country’s most committed and preeminent SME lender, the citation added. Banking on the unwavering trust of the valued customers, BRAC Bank will continue its march towards the path of glory in SME and all other banking segments.
ICMAB Best Corporate Award 2015 (3rd Position)
BRAC Bank Limited won "ICMAB Best Corporate Award 2015" in Private Commercial Bank (Traditional Operation) category. Mr. AMA Muhith MP, Honorable Finance Minister, handed over the award to Mr. Selim R. F. Hussain, Managing Director & CEO, BRAC Bank Limited, at the Award Ceremony at Pan Pacific Sonargaon Hotel in Dhaka October 26, 2016.
BRAC Bank wins prestigious 'Sustainable Marketing Excellence Award' from CMO Asia
BRAC Bank has been awarded with 'Sustainable Marketing Excellence Award' from CMO Asia.
The award is as part of Global Brand Excellence Awards of CMO Asia, the most prestigious brands award in Asia.
The award was handed over to BRAC Bank at World Brand Congress at The Pan Pacific, Singapore on July 31, 2014. Mr. Zeeshan Kingshuk Huq, Head of Communication and Service Quality, BRAC Bank, received the award at the annual conference of brand gurus.
The World Brand Congress is the single largest rendezvous of best brains behind some of the world's most successful and sought after brands. This year's theme was Brands that Last: Role of Sustainability in Innovative Branding.
On winning the award, Mr. Syed Mahbubur Rahman, Managing Director & CEO, BRAC Bank, said, "The prestigious award carries special significance for BRAC Bank as it is the first brand award for us. The award puts BRAC Bank in global spotlight in the arena of global acclaimed brands."
"The international accolade brightens image of the country as well on global stage. It strengthens our conviction that Bangladesh can breed strong brand at par with international standard," he added.
The World Brand Congress, which is a strategic network of global marketing community of over 17,000 executives, specifically mentioned the combination of our unique business model (raising funds from the urban retail towards financing the dreams of SMEs), BRAC Bank's efficient marketing and deep distribution reach.
BRAC Bank wins prestigious 'Best Bank in Bangladesh Award' from FinanceAsia
BRAC Bank Limited has won prestigious 'Best Bank in Bangladesh Award' from FinanceAsia as part of Country Awards for Achievement 2013.
Mr. Syed Mahbubur Rahman, Managing Director & CEO, BRAC Bank, formally received the award at Country Awards Gala Dinner at Hotel Fort Canning in Singapore recently.
Hong Kong-based FinanceAsia is a Asia's leading financial magazine and publishing company. As part of Country Awards for Achievement, FinanceAsia recognizes banks and financial institutions every year for outstanding contribution for shaping financial sector in Asia.
"BRAC Bank pioneered lending to small and medium-sized enterprises in Bangladesh, which represent the bulk of economic activity but go ignored by the bigger lenders. BRAC Bank has contributed to a more inclusive growth model for Bangladesh," FinanceAsia cites in award note.
Receiving the award, Mr. Syed Mahbubur Rahman, "This is an honor for all of us, all 8,000 people at BRAC Bank as we celebrate 12th anniversary this year. We consider this international recognition as impetus to reach new height."
"We have set an example locally and globally in financial inclusion through SME Financing. While we continue to focus on SME Banking and maintain our leadership position, we will strive for excellence in other areas too. And this international recognition will always encourage us to do so," he added.
This accolade comes as the second international honor for BRAC Bank in 2013 after 'Best Managed Bank Award' from The Asian Banker earlier this year
BRAC Bank wins The Best Managed Bank Award from The Asian Banker
MD&CEO wins The Leadership Achievement Award
BRAC Bank has won prestigious "The Best Managed Bank Award" and its Managing Director & CEO Mr. Syed Mahbubur Rahman has been accorded with "The Asian Banker Leadership Achievement Award" for Bangladesh for achievement in the period 2011-2013.
Mr. Syed Mahbubur Rahman formally received the awards at The Asian Banker Summit 2013 at Ritz Carlton Jakarta in Indonesia recently.
The Asian Banker Leadership Achievement Award is widely acknowledged by the financial services industry as the highest possible accolade available to professionals in the industry as recognized in the Asia Pacific and Gulf regions today. The recognition is a special one as it is given only once in every three years for excellence in banking.
More than 1,000 senior bankers from 20 countries across the Asia Pacific region attended the Asian Banker Summit, which is Asia's foremost event on transformational issues in the financial services industry.
The award is announced through a completely independent evaluation by a panel of global leaders and subject matter experts as advisors. Singapore-based The Asian Banker is regarded as one of Asia's leading consultancies in financial services research, bench-marking and intelligence.
Receiving the award, Mr. Syed Mahbubur Rahman, said, "This is an honor for all of us, all 8,000 people at BRAC Bank. We consider this international recognition as impetus to reach new height."
"We have set an example locally and globally in financial inclusion through SME Financing. While we continue to focus on SME Banking and maintain our leadership position, we will thrive for excellence in other areas too. And this kind of international recognition will always encourage us to do so," he added.
Mr. Foo Boon Ping, The Managing Editor of The Asian Banker, said, " This is the most important award program we run because it underscores the importance of sound and visionary leadership in directing the future of the industry."
BRAC Bank Wins the Award for Best Retail Bank in Bangladesh by The Asian Banker
BRAC Bank has been named the sole winner for Best Retail Bank in Bangladesh at the 10th International Excellence in Retail Financial Services Awards Programme.
The bank received the award at The International Excellence in Retail Financial Services 2011 Awards ceremony, held in conjunction with the region's most prestigious retail banking event, the Excellence in Retail Financial Services Convention.
Mr. Abdur Rahman, Head of Branch Banking of BRAC Bank, received the award at the award ceremony held at the Shangri La Hotel in Kuala Lumpur on March 11, 2011. BRAC Bank is the sole winner in Asia for the award in Best Retail Bank in Bangladesh.
About 150 senior bankers from award-winning banks in 29 countries across the Asia Pacific, the Middle East, Central Asia and Africa attended the glittering event that recognises their efforts in bringing superior products and services to their customers. The awards programme, administered by The Asian Banker and refereed by prominent global bankers, consultants and academics, is the most prestigious of its kind.
On the prestigious award, Managing Director & CEO of BRAC Bank Mr. Syed Mahbubur Rahman said, "We consider this international recognition as impetus to reach new height. Our diversified retail product range with online facilities and superior customer service give us edge over competitors in retail banking. While we continue to focus on SME Banking and maintain our leadership position, we will thrive for excellence in other areas too. And this kind of international recognition will always encourage us to do so."
BRAC Bank's strategy in 2010 was to provide a well-rounded retail banking platform for the Bangladesh market. It achieved this by focusing on developing its physical and electronic distribution network, and developing new products and services.
With the largest network of terminals, branches, ATMs and point of service outlets in Bangladesh, the bank has quickly gained the reputation of being a leading bank that customers can rely on. The bank was the leader in attracting "1 million customers" in Bangladesh, outpacing its closest competitors within a relatively short period.
BRAC Bank has had solid growth in retail deposits, revenues and profits. The bank also scored a first with the launch of the country's first e-commerce banking platform. In the inward remittance segment, it was able to capture almost 40% of the total market share. In December 2010, BRAC Bank launched Bangladesh's first e-commerce banking platform in alliance with Visa.
Chris Kapfer, Head of Asian Banker Research, says, "This has changed the retail banking landscape as it offers more options for customers in using Visa cards for online shopping. This is innovative as the online shopping platform presents customers with 24/7 opportunities to shop for daily necessities and other goods from the convenience of their homes."
BRAC Bank Limited has received ICAB National Award
BRAC Bank Limited has received ICAB National Award for Best Published Accounts and Reports 2010 as joint third position under banking category. Commerce Minister Mr. Muhammad Faruk Khan formally hands over the award to Deputy Managing Director of BRAC Bank Mr. Mohammad Mamdudur Rashid at Pan Pacific Sonargaon Hotel in Dhaka on October 4, 2011.
BRAC Bank awarded prestigious FT Sustainable Bank of the Year 2010
BRAC Bank has been awarded as the Sustainable Bank of the Year 2010 at 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 recognize banks and other financial institutions that have shown leadership and innovation in integrating social, environmental and corporate governance considerations into their operations. BRAC Bank has been announced as the winner of the 2010 FT Sustainable Bank Award from Emerging Markets in Asia.
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 organized by the Financial Times and IFC.
"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."
DHL–Daily Star Bangladesh Business Awards 2008
BRAC Bank received the prestigious Business Award styled DHL-Daily Star Bangladesh Business Awards 2008 as 'Best Financial Institution of the Year' for its innovation in products, services, financial performance/ productivity, company management and contribution to Bangladesh's development. BRAC Bank is a full fledged commercial bank; yet, it has significantly contributed in the development of SME sector by creating a unique model of collateral free SME lending, which enabled the SME entrepreneurs (the missing middle) to get easy access to finance. Furthermore, with its wide distribution network, BRAC Bank reached the greater population even at the distant corners of Bangladesh.
On behalf of the Bank, Mr. Muhammad A. (Rumee) Ali, Chairman of BRAC Bank Limited received the award from Dr. Saleh Uddin Ahmed, Governor, Bangladesh Bank and the chief guest of the award giving ceremony.
BRAC Bank received National Award as the Highest VAT payer for the financial year 2007-2008
BRAC Bank Limited has recently received the prestigious award for being the highest VAT paying organization in national level in service industry.
Dr. ABM Mirza Azizul Haque Honorable Adviser Finance & Planning Ministry, Govt. of People's Republic of Bangladesh, handed over the award & crest to BRAC Bank Limited at a ceremony held in Osmani Smriti Milonayaton.
BRAC Bank received ICAB National Award
BRAC Bank Limited has been awarded ICAB National Award from Institute of Chartered Accountants of Bangladesh (ICAB) for one of the Best Published Accounts & Reports 2007 recently.
Dr. A. B. Mirza Md. Azizul Haque former Adviser Finance & Planning Ministry, Govt. of People's Republic of Bangladesh, handed over the award to BRAC Bank Limited at a ceremony held in Bangladesh-China Friendship Conference Centre.
Fastest growing bank in the country for the last two years
Leader in SME financing through 350 offices
Biggest suit of personal banking & SME products
Large ATMs (Automated Teller Machine) & POS (Point of Sales) network