BRAC Bank is a fully operational commercial bank that was founded in 2001 by BRAC, International Finance Corporation and Shorecap International and is one of the fastest growing banks in Bangladesh. It’s objectives include providing comprehensive commercial banking services and pursuing profitable market niches in the Small and Medium Enterprise (SME) business sector not traditionally served by conventional banks. The Bank operates under a "double bottom line" agenda where profit and social responsibility go hand in hand. As a leader in microfinance lending, BRAC was motivated to help start BRAC Bank for a variety of reasons. The institution serves BRAC borrowers as they move from microfinance to SME sized loans.
Historically in Bangladesh, small business owners have suffered from the lack of financing options tailored to meet their unique needs. Consequently, these borrowers have relied on alternative, more costly forms of funding.
BRAC Bank was also created to help demonstrate the business potential of SME- focused lending to the rest of the Bangladeshi banking industry. Responsibly growing the segment is an integral part of the bank’s mission as SME’s are a significant source of economic growth and play an important role in achieving BRAC’s national objective of poverty alleviation.
Historically in Bangladesh, small business owners have suffered from the lack of financing options tailored to meet their unique needs. Consequently, these borrowers have relied on alternative, more costly forms of funding.
BRAC Bank was also created to help demonstrate the business potential of SME- focused lending to the rest of the Bangladeshi banking industry. Responsibly growing the segment is an integral part of the bank’s mission as SME’s are a significant source of economic growth and play an important role in achieving BRAC’s national objective of poverty alleviation.
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