Training and Development of Brac Bank
Chapter 1
1. Introduction: BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) and Shore cap International, has been the fastest growing Bank over the years. It is one of the most local and corporate bank in Bangladesh. The Bank operates under a "double bottom line" agenda where profit and social responsibility go hand in hand as it strives towards a poverty-free, enlightened Bangladesh. The Bank 's footprint has grown to 56 branches, 30 SME Service Centers, 427 SME unit offices and 112 ATM sites across the country, and the customer base has expanded to 465,000 deposit and 187,000 advance accounts till December 2008.
1.2 History of BRAC Bank: BRAC bank has started its journey on 2004. AC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last six years of operation, the Bank has disbursed over BDT 7500 core in loans to nearly 200,000 small and medium entrepreneurs. They offer 50 shares in one lot.
1.3 Service offering:
They are offering SME banking , retail banking, corporate banking and “Probashi” banking, phone banking.
1.4 Corporate Vision:
Building a profitable and socially responsible financial institution focused on Markets and Business with growth potential, thereby assisting BRAC and stakeholders build a enlightened, healthy, democratic and poverty free Bangladesh".
1.5 Corporate Mission:
» Sustained growth in 'small & Medium Enterprise ' sector.
» Continuous low cost deposit growth with controlled growth in Retained Assets.
» Corporate Assets to be funded through self-liability mobilization. Growth in Assets through Syndications and Investment in faster growing sectors.
» Continuous endeavor to increase fee based income.
» Keep our Debt Charges at 2% to maintain a steady profitable growth.
»
1. Introduction: BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) and Shore cap International, has been the fastest growing Bank over the years. It is one of the most local and corporate bank in Bangladesh. The Bank operates under a "double bottom line" agenda where profit and social responsibility go hand in hand as it strives towards a poverty-free, enlightened Bangladesh. The Bank 's footprint has grown to 56 branches, 30 SME Service Centers, 427 SME unit offices and 112 ATM sites across the country, and the customer base has expanded to 465,000 deposit and 187,000 advance accounts till December 2008.
1.2 History of BRAC Bank: BRAC bank has started its journey on 2004. AC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last six years of operation, the Bank has disbursed over BDT 7500 core in loans to nearly 200,000 small and medium entrepreneurs. They offer 50 shares in one lot.
1.3 Service offering:
They are offering SME banking , retail banking, corporate banking and “Probashi” banking, phone banking.
1.4 Corporate Vision:
Building a profitable and socially responsible financial institution focused on Markets and Business with growth potential, thereby assisting BRAC and stakeholders build a enlightened, healthy, democratic and poverty free Bangladesh".
1.5 Corporate Mission:
» Sustained growth in 'small & Medium Enterprise ' sector.
» Continuous low cost deposit growth with controlled growth in Retained Assets.
» Corporate Assets to be funded through self-liability mobilization. Growth in Assets through Syndications and Investment in faster growing sectors.
» Continuous endeavor to increase fee based income.
» Keep our Debt Charges at 2% to maintain a steady profitable growth.
»
References: 1. BRAC Bank web site, Source: http://www.bracbank.com/php/include_gen.php?pg=7, retrieved at 11:55a.m., access date: 01/08/2009, 7. 2. Shareholding structure, BRAC Bank, source: http://www.bracbank.com/php/include_submenu.php?pg=4, retrieved at: 12:30, access date: 28/07/2009, 4. #