BRAC Bank

Stock performance

History

BRAC Bank was established by BRAC, one of the largest non-governmental development organizations in the world, to provide formal banking services with a particular focus on small and medium-sized enterprises that lacked access to conventional bank credit, extending BRAC's broader development mission into commercial banking.

Business model

BRAC Bank provides retail, small-business, and corporate banking services across Bangladesh, with a distinctive founding emphasis on serving small and medium-sized enterprises underserved by conventional banks, alongside a large mobile-financial-services business through its bKash subsidiary.

Market position

BRAC Bank is one of the leading private banks in Bangladesh, and its bKash mobile-money subsidiary is one of the largest mobile financial-services platforms in the country, extending formal financial access to millions of previously unbanked Bangladeshis.

Country impact

BRAC Bank's bKash platform has been transformative for financial inclusion in Bangladesh, letting millions of people without traditional bank accounts send money, pay bills, and save through mobile phones, making the bank a significant contributor to national financial-inclusion goals beyond conventional banking metrics.