Business Desk :
Brac Bank announced a landmark achievement in its financial performance for 2023: profits surpassing Tk800 crore.
Under the leadership of managing director & CEO Selim RF Hussain, the bank demonstrated exceptional growth across all its banking segments, fueled by its commitment to customer-centric growth, digital transformation, and sustainable development.
In 2023, Brac Bank welcomed 262,584 new customers to its retail banking segment, totaling 1,236,740.
This achievement underscores the bank’s dedication to meeting its customers’ evolving needs with personalized financial solutions.
The SME sector saw 102,048 new CMSME customers onboarding, reflecting Brac Bank’s support for grassroots entrepreneurship and innovation.
Additionally, the corporate banking segment grew to 8,753 customers, playing a crucial role in supporting the nation’s large corporations.
Brac Bank also embraced digital transformation, achieving 80% of new account openings through eKYC.
The Astha app has reached over 500,000 customers, facilitating 16 million transactions and showcasing the bank’s commitment to providing accessible, secure, and convenient digital banking services.
Brac Bank’s initiatives extend beyond financial success.
The bank has financed 93% of the industry’s total collateral-free loans.
It has supported nearly 150 women entrepreneurs under the “Uddokta 101” program.
With the disbursement of Tk729 crore in agricultural loans, BRAC Bank has also significantly contributed to rural development and women’s empowerment.
The bank’s international trade activities, including $1.19 billion in RMG textile exports and $2.50 billion in imports, have substantially contributed to Bangladesh’s economy.
Brac Bank’s environmental commitment is evident in its support for green factories and sustainable financing schemes.
Reflecting its role as a responsible corporate citizen, Brac Bank contributed Tk1,194 crore to the national exchequer in taxes.
Expanding the bank’s network having 1,080 agent banking outlets and 40 sub-branches across Bangladesh signifies its commitment to enhancing customer accessibility and convenience.
“As we reflect on our journey in 2023, our success is a testament to our unwavering commitment to our customers, our community, and our country,” stated Selim RF Hussain, managing director & CEO of Brac Bank.
“Fueled by the trust and confidence of our customers and stakeholders, we are poised to continue innovating, empowering, and contributing to the sustainable development of Bangladesh,” he added.
