BRAC Bank Limited

BRAC Bank Limited

General
Contacts 0
Tenders 1
Grants 0
Jobs 0
Contractors 0
Pricing strategy 0
Last update: Sep 19, 2024 Last update: Sep 19, 2024
General
Contacts
Tenders
Grants
Jobs
Contractors
Pricing strategy

Details

Office:Bangladesh
Contact person:
Phone(s):
Sectors:Banking
Banking
Nr. of employees:10001+
Types:Financial Institution
Financial Institution
Status:
Active

Attachments 0

Description

BRAC Bank is a performance-driven organization, where its values are at the core of every activity.

BRAC Bank Limited began with the vision to provide banking solutions to the ‘unbanked' Small and Medium Entrepreneurs. Taking inspiration from its parent organization BRAC, the largest NGO in the world, BRAC Bank introduced small ticket loans to the small and medium enterprises (SME), to specifically bring the grassroots entrepreneurs under the umbrella of formal banking service. Close to half of the bank's lending portfolio is comprised of small and medium enterprises – popularly known as the ‘SME'.

In 2001, BRAC Bank did not start its journey like any other conventional bank. The visionaries who led the bank realized that the previously neglected Small and Medium Enterprises (SME) sector plays significant role in generating growth and creating employment in the country. Over the past few decades, traditional banks were reluctant to invest in this sector. At a time when it was almost impossible for the SME entrepreneurs to get financing from the banking sector in Bangladesh, BRAC Bank stepped forward and came to finance these unbanked SME entrepreneurs.

Country eligibility

No information available

Circumstantial eligible countries

No information available

Tender Management Modes

Financing agencies
  • EIB

Grant Management Modes

No information available
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