BRAC Bank has achieved a major milestone by surpassing BDT 56,000 crore in SME Funds Under Management (FUM), reinforcing its position as a leading bank in SME banking.
The milestone reaffirms its long-standing commitment to empowering entrepreneurs and advancing inclusive economic growth, according to a press release.
SME Funds Under Management comprise the division's total customer deposits and outstanding loan portfolio. The milestone includes BDT 21,000 crore in customer deposits and BDT 35,000 crore in SME loans, reflecting the continued confidence of entrepreneurs in bank's relationship-led banking model.
The achievement is the culmination of a 25-year journey of pioneering SME banking in Bangladesh. Since its inception, BRAC Bank has disbursed more than BDT 2 lakh crore in loans to over 2 million CMSMEs, with approximately 85% of financing provided without collateral. The bank's extensive distribution network of 446 SME Unit Offices, digital customer onboarding, and digital banking platform ‘Astha’ have significantly strengthened customer access to financing while accelerating deposit mobilisation across the country.
To celebrate the milestone, BRAC Bank recognised the outstanding contributions of its SME Banking teams at a special ceremony attended by Meheriar M. Hasan, Chairperson; Tareq Refat Ullah Khan, Managing Director & CEO; Syed Abdul Momen, Additional Managing Director and Head of SME Banking; members of the Management Committee; and senior leaders from across the SME Banking Division.
Speaking at the event, Tareq Refat Ullah Khan noted that BRAC Bank is the only bank in Bangladesh with a truly diversified portfolio - each of its three business segments, SME, Corporate, and Retail Banking, now holds a portfolio of over BDT 50,000 crore individually.
He said, "Crossing BDT 56,000 crore in SME Funds Under Management is a testament to the trust our customers have placed in us and the unwavering dedication of Team SME. For 25 years, we have remained committed to expanding access to finance for entrepreneurs who drive Bangladesh's economy. As we look ahead, we will continue investing in innovation, digital capabilities, and nationwide outreach to make banking more accessible, inclusive, and impactful for businesses across the country."
The milestone further strengthens BRAC Bank's leadership in SME banking and reflects its continued commitment to fostering entrepreneurship, promoting financial inclusion, and supporting sustainable economic development in Bangladesh.