BRAC Bank has won the “Most Innovative SME Bank” award from International Finance Publications Ltd.
The UK-based media outfit has conferred the prestigious award to a bank that has pioneered SME financing in Bangladesh. BRAC Bank is now the largest financier of collateral-free SME loans in the country. With its unique network of SME unit offices, the bank has taken small ticket loans to the doorsteps of the cottage, small, micro and medium entrepreneurs across the country. Over the years, BRAC Bank has become synonymous with SME financing.
BRAC Bank’s head of SME banking, Syed Abdul Momen, formally received the award from Sunil Bhat, director, International Finance, at the International Finance Awards 2018, held at Grand Hyatt Erawan Hotel in Bangkok, Thailand on 25 January 25.
Upon receiving this international award, BRAC Bank’s managing director and CEO, Selim RF Hussain said that the bank’s unique SME network, business-oriented products and passionate employees have all been instrumental to winning the recognition. BRAC Bank’s SME banking cuts across cottage, small, micro, medium and emerging business segments with customised solutions. With its network of 460 SME unit offices and dedicated CROs and RMs, the bank takes financing solutions to the doorsteps of the SME entrepreneurs in rural and semi-urban Bangladesh. He added that the award will truly inspire the bank to take SME financing to newer heights.
Selim RF Hussain concluded by reiterating the fact that BRAC Bank will continue its march towards its ultimate goal of becoming the best bank of the country.