BEST COMMERCIAL BANK
Established in 2001, Brac Bank pioneered in Bangladesh lending to small and medium-sized enterprises, which represent the bulk of economic activity but go ignored by the bigger lenders. Brac Bank’s model has been simple mobilise funds from the cities to lend to rural or smaller businesses.
As a result it enjoys a better credit profile and has grown to become a bigger enterprise that also leads the way in serving non-resident Bangladeshis abroad, as well as corporate and institutional clients.
Its non-resident niche makes it a leader in foreign exchange, and the third-biggest player in remittances. And as a result of its nationwide SME...