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Retail Banking Of Brac Bank Essay

4712 words - 19 pages

1. Overview of the Company

BRAC Bank started its journey in 2001 and in just 8 years proved to be country's fastest growing bank.

Today, the bank has 74 Branches, 60 SME Service Centers, 3 SME/Krishi Branches, more than 212 ATMs and 424 SME Unit offices across the country. It has disbursed over BDT10,000 crores of SME loan and has over 500,000 individual customers who access online banking facilities. Its services cuts across all strata of clientele are it corporate, retail or SME.

1.1 Corporate Vision
Building profitable and socially responsible financial institution focused on Market and Business with Growth potential, thereby assisting BRAC and stakeholders to build a just, ...view middle of the document...

➢ Value the fact that one is a member of the BRAC family
➢ Creating an honest, open and enabling environment
➢ Have a strong customer focus and build relationships based on integraty, superior service and mutual benefit
➢ Strive for profit & sound growth
➢ Work as team to serve the best interest of our owners
➢ Relentless in pursuit of business innovation and improvement
➢ Value and respect people and make decisions based on merit
➢ Base recognition and reward on performance
➢ Responsible, trustworthy and law-abiding in all that we do.

1.4 Achievement:

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...

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