BRAC Bank’s Branch Network posts Tk 16 billion net deposit growth in August

BRAC Bank’s Branch Network has made a net deposit growth of Tk 16 billion in August 2024. This is a commendable achievement, as the growth has been accomplished despite the unstable political situation in the country, which caused prolonged disruption of banking operations, says a press release.

This milestone reflects the increasing customer confidence, strong engagement, and robust relationships the bank fosters. Meheriar M Hasan, Chairperson; Selim R F Hussain, Managing Director & CEO; and Sheikh Mohammad Ashfaque, Deputy Managing Director & Head of Branch Distribution Network, joined the branch leaders in celebrating the significant deposit growth at a ceremony held on September 2, 2024, at the bank's head office.

Meheriar M Hasan emphasised that good governance is the cornerstone of BRAC Bank's ability to earn and maintain customer trust. He stated, "Strong customer engagement and relationships are at the core of the bank's success. We are delighted to witness our strides towards doubling the business by 2025."

Selim R F Hussain added, "BRAC Bank aims not only to become a banking partner but also to provide comprehensive financial advisory services to the customers. The continuous expansion of branches; sub-branches, strategic repositioning for maximum convenience, improved customer services, and enhanced digital banking solutions have significantly contributed to the growth."

The Senior Management of the Bank, along with the Zonal and Regional Heads of Branch Network, the Cluster, and the Branch Managers, were present at the event.

It is worth mentioning that BRAC Bank’s Branches managed an unprecedented net deposit growth of Tk 55 billion during the January-June period of 2024, breaking all-time industry records.