Location: Dhaka, Bangladesh
Region: South Asia
Neighboring Countries: India, Myanmar
Population: 150,448,339
GDP Per Capita (PPP): $1,311 (2007 est.)
Politics: Secular Parliamentary Democracy
Economy:
- GDP Growth: 6.3% (2007); since 1990, Bangladesh’s annual average growth has been approximately 5%
- Composition of GDP: Agriculture (20.5%), Industry (26.7%) and Services (52.8%); as of 2004.
- Main Agricultural Products: rice, jute, tea, and mustard
- Significant Trading Partners: US, India, the EU, Japan, Singapore, and China
Source: Wikipedia
To learn more about Bangladesh, please click here
MORE CLIENT BANKS
Bhartiya Samruddhi Finance Ltd
BRAC Afghanistan Bank
BRAC Bank Limited
CogéBanque, Rwanda
Commercial Microfinance Ltd., Uganda
Eskhata Bank, Republic of Tajikistan
InecoBank, Armenia
K-Rep Bank, Kenya
Kashf Microfinance Bank, Pakistan
MIC Microfinance Bank, Nigeria
Planters Development Bank (PDB), Philippines
Reliance Financial Services, The Gambia
Sathapana Ltd., Cambodia
XacBank, Mongolia
Client Banks / BRAC Bank Limited
BRAC Bank Limited
Website: http://www.bracbank.com
Bank Description:
BRAC Bank (BRAC) is a commercial bank that was founded in 2001 by BRAC NGO, one of the largest development finance institutions in the world. The bank’s objectives include providing comprehensive commercial banking services, building a profitable and modern, full-service financial institution, and pursuing profitable market niches in the Small and Medium Enterprise (SME) business sector not traditionally met by conventional banks.
The bank’s main portfolio products include loans for small and medium sized entrepreneurs; personal loans, credit cards and multiple deposit accounts for retail customers; and specialized retail products tailored to religious restrictions. The bank also provides corporate deposit and loan products as well as non-resident Bangladeshi remittance services. BRAC’s distribution network of 22 branches, 350 small and medium enterprise unit offices, and 19 ATM sites span across Bangladesh and reach more than 40,000 borrowers.
- Small business lending
- Risk management
- Internal audit operations
- Cash management
- Leadership Training
Key Accomplishments in Partnership with Exchange
- Strengthened small business lending expertise to support the Bank's growing front-line loan staff and developed strong underwriting guidelines for maintaining portfolio quality in a period of accelerated growth
- Local, regional and international trainings for its top managers and staff
Highlight: Ford Impact Project
BRAC Bank Bangladesh is currently participating in a study, funded by the Ford Foundation and managed by ShoreCap Exchange, focused on the impact of small business lending on household poverty.
Developing Strategic Leadership for Senior Management, Chennai, India, August 2009
Risk Mitigation Strategies for Fast Growing Banks Forum, Johannesburg, South Africa, June 2007
|
Financial Performance |
2007 |
2008 |
|
Net Loans Outstanding (in mil) |
$467.1 |
$745.1 |
|
Total Deposits (in mil) |
$537.7 |
$820.5 |
|
Return on Average Assets |
1.6% |
1.5% |
|
No. of Borrowers |
118,258 |
186,851 |
|
No. of Depositors |
297,208 |
465,768 |
|
No. of Branches |
36 |
56 |
|
No. of Employees |
4,428 |
6,010 |
|
No. Development Loans |
|
|
|
- Year to Date |
53,454 |
79,744 |
|
- Cumulative |
NA |
NA |
|
Fx Rate (Rps/$): |
69.5 |
70.7 |
N/A - Not Applicable
NA - Not Available
