Website: http://www.bracafbank.com

Bank Description:

In late 2001, the senior management team of the Bangladesh Rural Advancement Committee (BRAC) NGO, one of the largest development finance institutions in the world, saw the opportunity to share the organization's knowledge and expertise with others in challenged environments and founded BRAC Afghanistan NGO in May 2002. The creation of BRAC Afghanistan Bank followed four years later.
 
BRAC Afghanistan Bank (BAB) is the fourteenth scheduled bank in Afghanistan. It received its license from Da Afghanistan Bank (the Central Bank of Afghanistan) on September 28, 2006 and began operations on October 4, 2006. The main focus of BAB is small business lending but its portfolio has expanded to include a range of credit and savings products. The bank’s extension into the small business sector is a natural follow-on to the NGO’s significant development activities, including microfinance lending. BAB maintains one branch and three sub-branches in Kabul. Client segments include retail and corporate depositors and small business clients.