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New banking channel now covers 56 dists

BRAC Bank fastest in industry to launch 300th Agent Banking Outlet

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 BRAC Bank Limited has launched its 300th Agent Banking Outlet at Ukhiya in Cox’s Bazar.

 

BRAC Bank is the fastest to mark launch of 300th outlet as it continued its network expansion since entering into Agent Banking business in October 2018.

 

The pioneer of SME Banking for the grassroots entrepreneurs in Bangladesh since 2001, BRAC Bank aims to emerge as the leader in Agent Banking space to serve the unbanked people at the remote areas of the country. With the latest outlet, the bank’s rapidly expanding Agent Banking Network now covers 56 districts.

 

Md. Anwarul Islam, General Manager, Financial Inclusion Department, Bangladesh Bank, formally inaugurated the outlet as the Chief Guest at Ukhiya Govt. High School in Cox’s Bazar on December 31.

 

Hamidul Hoque Chowdhury, Chairman Ukhiya Upazila; Abul Monsur, OC, Ukhiya Thana;Fazlul Karim, Principal, Ukhiya Degree College; Nazmur Rahim, Head of Alternate Banking Channels; Syed Abdul Momen, Head of SME Banking; Ekram Kabir, Head of Communications; and Md. Nazmul Hasan, Head of Agent Banking, BRAC Bank; were present at the auspicious ceremony.

Fayjul Islam, Agent, Ukhiya Agent Banking Outlet, BRAC Bank gave a vote of thanks to BRAC Bank before taking the agent license from the Chief Guest.

 

With introduction of Agent Banking, the customers at the remote areas of the country will be able to avail opening accounts, deposit and withdraw cash and DPS, FDR, transfer funds, foreign remittance, utility bills and insurance premium payment, loan disbursement and repayment, government allowance receipt, debit card and cheque book requisition, school fee payment and many more banking services at the Agent Banking outlets. 

 

Commenting on this inauguration, Nazmur Rahim, Head of Alternate Banking Channels, BRAC Bank, said: “The vision of BRAC Bank is to bring the unbanked segment of the people under formal financial umbrella. Agent Banking will play a facilitating role in bringing in a large population who are presently out of formal banking services through this inclusive banking model.”

 

He added: “Our Agent Banking with biometric verification and digital capabilities will bring convenience to the people providing them with 24/7 banking anytime and anywhere. BRAC Bank will leverage on its expertise in SME Banking to make Agent Banking a widely expansive distribution channel. The Agent Banking service will create new employment opportunities and contribute significantly to uplift the economy here in Ukhiya, Cox’s Bazar.”

 -rmc//

 

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