About BRAC Bank Limited:

BRAC Bank Limited, one of the latest generation of commercial banks started its journey on July 04, 2001. It is an affiliate of BRAC (Bangladesh Rural Advancement Committee), one of the worlds largest non-governmental development organizations founded by Fazle Hasan Abed in 1972. It has been the fastest growing Bank in 2004 and 2005. 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. BRAC Bank Limited is a full service scheduled commercial bank. It has both local and International Institutional shareholder. The bank is primarily driven with a view of creating opportunities and pursuing market niches not traditionally meet by conventional banks. BRAC Bank has been motivated to provide best-in-the-class services to its diverse assortment of customers spread across the country under an on-line banking dais. BRAC Bank, a fully operational Commercial 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 five years of operation, the Bank has disbursed over BDT 2200 crore in loans to nearly 50,000 small and medium entrepreneurs in 2007 In addition to small business lending, BRAC Bank has fast growing remittance, savings mobilization and consumer lending businesses. In the years ahead BRAC Bank expects to introduce many more services and products as well as add a wider network of SME unit offices, Retail Branches and ATMs across the country.

Corporate Vision:

The vision of BBL is- Building a profitable and socially responsible financial institution focused on Markets and Business with growth potential, thereby assisting BRAC and stakeholders build a "just, enlightened, healthy, democratic and poverty free Bangladesh" .

Mission
Continuous endeavor to increase fee based income Sustained growth in 'Small & Medium Enterprise' sector Keep our Debt Charges at 2% to maintain a steady profitable growth 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 sector Achieve efficient synergies between the bank's Branches, SME Unit Offices and BRAC field offices for delivery of Remittance and Bank's other products and services Manage various lines of business in a fully controlled environment with no compromise on service quality Keep a diverse, far flung team fully motivated and driven towards materializing the vision into reality bank's

Core Values

Our Strength emanates from our owner - BRAC. This means, we will hold the following values and will be guided by BRAC as we do our work.

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

Special Features of BRAC Bank Limited:

BRAC Bank Limited possesses the following special features:

Target Group Strategy: BRAC Bank will attach special emphasis to the target group strategy of development. Institution Building: The Bank emphasis creation of self managed institutions of its clients. These institutions will be based at the clients localities. Training: A special feature of BRAC Bank will be the provision of training for its clients. The aim of the training will be to increase the capability of the borrower to utilized loans effectively. Technology: The Bank will encourage the use of new and improved technologies in order to increase employment opportunities and productivity of the poor. The credit activities will be structured in such a way that the use of appropriate technology is ensured and the poor can benefit from improved technology. Collateral Free Lending: BRAC Bank will provide credit without security. The poor who do not have resources to offer as collateral have, so far, been denied access to formal credit. However,

BRAC Bank will not normally seek collateral for providing credit and will use peer pressure to ensure timely repayment which has already proved effective. Service at the Doorstep: BRAC Bank will provide service at the doorsteps of the customers. Unlike the traditional banking system, BRAC Bank worker go to the villages regularly to collect savings and loan repayments.

Womens Development: BRAC Bank will attach special attention to women in development.

Business
1. SME Banking. 2. Retail Banking. 3. Corporate Banking 4. Probashi Banking

SME Banking
BRAC Bank, being the youngest bank, took a step to break away from usual tradition and tapped into the true suburb entrepreneurial initiatives. Today, with over 10,000 crores of loans disbursed till date, BRAC Bank is countrys largest SME financier that has made more than 265,000 dreams come true! If you have a dream on which you trust, let us make it true together.

Deposit product

"Prapti Current Account" an interest bearing current account. This account ensures the profitable and easy transaction facilities for Businesses.

Features

Interest bearing current account

Up to 4% interest on daily balance

FREE Smart ATM Card with BDT-100,000 withdrawn facility (per day) from ATM & BDT- 300,000 from POS

No upfront relationship fees

No inter-city or intra-city online transaction charges

No Relationship fee will be charged if half yearly average is BDT 25,000, along with free cheque book.

Loan product

Loan Product with interest rate

Name of Loan Anonno Rin Apurbo Rin Aroggo Rin Diggon Rin Prothoma Rin Trade plus Rin Proshar Rin Supplier Finance Business Loan Loan Ceiling 3 Lac to 10 Lac 8 lac to 30 lac 3 lac to 30 lac 5 lac to 30 Lac 3 Lac to below 10 Lac 1 Lac to 30 Lac 3 Lac to 30 3 Lac to below 10 Lac BDT 10 Lac to 50Lac Interest rate 17% - 17.8% 17% 17%- 17.25% 17%- 17.8% 15% 17% -17.25% 17% -17.25% 17.8%

Tenure
12-36 month 12-36 month 12-48 month 12-36 month 12-36 month 180 days 12-60 month 12-36 month 12-60 months

Retail Banking
With over 100 outlets, 300 ATMs and over 500,000 plastics in the market, BRAC Bank offers you a

wide range of financial solutions to meet your everyday need. Be it home loan, car loan, or simply a quick loan simply drop an application and we shall do the rest while you enjoy life.

Deposit Product

Saving Account

Current Account

Term deposit

LOAN PRODUCT

Corporate banking

Loan Product

Liability Products
BRAC Bank also offers various transaction and investment opportunities to their clients for their long and short tem funds, such as Current Account Different Short Term Deposit Accounts Different Term Deposit Accounts

Probashi Banking
When you send your hard-earned money from abroad to dear ones at the farthest end of Bangladesh, ask them to collect it from over 3,500 pay out locations of BRAC Bank. Every month, Probashi Banking executes around 150,000 transactions; which has made BRAC Bank one of the largest players among private commercial banks in channelizing inward remittance in the country. And with ELDORADO, now you can withdraw money from any of the Eldorado member banks in addition to BRAC Bank outlets - that's too, instantly!

Accounts & Deposits

Investments

BRAC Bank awarded prestigious FT Sustainable Bank of the Year 2010

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.

DHLDaily Star Bangladesh Business Awards 2008

BRAC Bank received the prestigious Business Award styled DHL-Daily Star Bangladesh Business Awards 2008 as Best Financial Institution of the Year for its innovation in products, services, financial performance/ productivity, company management and contribution to Bangladeshs development easy access to finance. Furthermore, with its BRAC Bank received National Award as the Highest VAT payer for the financial year 2007-2008 BRAC Bank Limited has recently received the prestigious award for being the highest VAT paying organization in national level in service industry.

BRAC Bank received ICAB National Award BRAC Bank Limited has been awarded ICAB National Award from Institute of Chartered Accountants of Bangladesh (ICAB) for one of the Best Published Accounts & Reports 2007 recently.

I.

Savings Account:

By seeing the name of the account we understand that, those people who are interested to save their money for a short time period, generally these people are interested to open this account. By thinking different types of people, BRAC BANK provides different types of savings account opening facilities or opportunities. These are:

a)

Triple Benefit Savings ( TBS) A/C:

A client opens this account by 50000 taka. Here the transacted amount is relatively large. Here the Interest rate is 8% and get Visa Debit Card facilities. A personal check book is opened for that client

and every month he or she has got the interest amount regarding their deposited amount. Here no charge is taken by the bank. b)

Savings Classic:

It is also a valuable product for BRAC BANK. Here the client also gets the debit card facilities and a personal check book is opened by his name. Here the interest rate is 5.5% and the interest is provided half- yearly.

c)

Opporagita:

Womens are only permitted to open this account. Here they also get the same benefits and 6.6% interest rate is provided to them. This is also a beautiful idea of BRAC BANK.

II. Current Account: Those people who transact more frequently with their banks, those people are generally open current account. BRAC BANK provides different types of current account facilities. These are: a) Current Plus Account:

This account is opened by 25000 taka. Here the client gets Visa Debit Card and personal check book facilities. They are also got intercity transaction or online banking facilities. Here no charge is applicable. b) Current Classic: This account is opened by taka 15000. A personal check book is opened by the name of client and he also gets debit card facilities. No interest will be provided here.

sEZee Account:
The client is getting only debit card facilities. Here the opening balance is taka 2000 and 4% interest will be provided to the clients. c)

Campus Account:

Here only the students are allowed to open the account. To open the account student must show the valid ID card. Opening balance is taka 2000 and 4% interest will be provided here.

d)

Salary Account:

Generally this facility is getting by interest related institutions with the bank. Bank can help them by salary disbursement. Here minimum number of employees is required at 10 and minimum salary is taka 10000. They are getting 4% interest from this account.

III. Fixed Deposit: Those people who has a lot of idle money over their hand, but they are feeling unsecured; generally these people are getting help by this account. There are also different types of fixed deposit account provided by the BRAC BANK. These are:

a)

Obiram:

Here the client will get interest in monthly basis and the interest amount is depending based on the deposited amount and tenure. b)

Freedom Fixed Deposit:

Interest is provided often three months later under this account. Interest is depending on deposited amount.

c)

Interest First Fixed Deposit:

After opening the account, the client will get interest immediately over his deposited amount under this account.

Generally Fixed Deposit: Under this account the client will get back of his deposited amount with interest at a maturity date.
IV. Money multiplier Scheme:

It is also another strategy for collecting deposit. But it is not as much popular. Loans:
BRAC BANK provides different types of loans to the individuals or institutions according to their needs. But before getting the loan, client must fulfill the conditions; types of loans are given below:

Personal Loan:
Under this Loan system any one can get Loan from BRAC BANK, for fulfilling the personal needs. This Loan is divided into two Parts:

a)

Salary Loan:

People those who are service holder, they can get Loan from here.

b)Quick Loan:
Under this system, generally business people can get Loan. Both Loans are provided back to the bank in equal monthly installment basis. Time duration of this Loan is not more than five years.

II.

Auto Loan:

This Loan is provided by the bank for only buying car. Under category-1, if the Loan holder buys a car from tie-up show rooms, they will have to pay 15.5% interest, but if they buy a car from non tieup show room or anywhere, they will have to pay 16.5% interest. Under category-2, the Loan is provided only for buying commercial vehicles. Here the interest will be charged at a rate of 18%.

Mortgage Loan: If some are want to buy a flat or want to expand the total size of their house, they can get Loan from BRAC BANK under mortgage Loan system. Here the Loan holder can get maximum 75 lack taka as a Loan at the rate of 12.99% interest. Upper duration of this Loan is 20 years.

BRAC BANK also provides other different types of Loans as the requirement of their clients.

Another Different Service: BRAC BANK provides other different types of services for their clients. These are following below:

i.

They are providing opportunity for opening Latter of Credit based on the relation with that company. They provide syndicate Loan share with other banks under a supervision of leading bank. Locker service is also a common service provided by the bank. They provided pay order, demand draft service. They provide online banking service through 180 ATM booths throughout the country.

ii.

iii. iv. v.

They are also offering point of sales (POS) services through 400 pos. Internet banking service is also a new additional service. Through mobile phone they are also providing their banking service. Provides credit card facilities. There have two types: Gold More than one Lack Classic Less than one Lack

Those students are wanted to go abroad for higher study; they are also provided services to them through student life.

These are the overview of services provided by the BRAC BANK.