BRAC Bank inaugurates women-owned agent banking outlet in Munshiganj

BRAC Bank has inaugurated the third women-owned Agent Banking Outlet in Munshiganj.

This marks a significant milestone in the bank's commitment to promoting financial inclusion and women's empowerment in the banking sector.

BRAC Bank aims to inspire confidence and imbue women with an entrepreneurial spirit, fostering financial inclusivity and economic growth, according to a media release. 

This is the 87th women-owned Agent Banking Outlet out of a network of 1,115 across the country. This inclusive initiative will usher in a new chapter in the inclusion of enterprising women entrepreneurs in the Agent Banking business and will go a long way toward the financial and social empowerment of women in Bangladesh. 

Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, BRAC Bank, formally inaugurated the Nimtala Agent Banking outlet at Sirajdikhan in Munshiganj on October 30, 2024.

Nazmur Rahim, Head of Alternate Banking Channels; Mohammad Jakirul Islam, Head of SME Strategy, Innovation, and New Business; and Md. Nazmul Hasan, Head of Agent Banking, BRAC Bank, attended the ceremony. Md. Arfan Ali, Chairman of Zaytoon Business Solutions, and local dignitaries were also present.

About the women-owned agent banking network, Syed Abdul Momen stated: “BRAC Bank's initiative to launch the outlet is a step forward in its ongoing efforts to provide accessible banking services, especially to underserved and unserved communities across Bangladesh. We believe this female-led Agent Banking outlet will take modern banking services to the rural area and inspire more women to venture into business.”

The USA-based Gates Foundation has supported this initiative, emphasising women's empowerment and financial inclusion, the release adds.