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BRAC Bank Limited
BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organisation, focused on Small and Medium Enterprises (SME). The bank has its head office in Dhaka, Bangladesh. It has 187 branches, 18 Premium Banking lounges, 457 SME Unit Offices, 481 agent banking outlets, 375 ATMs, and 96 CDMs. History BRAC Bank was founded on 4 July 2001 to reach the large number of unbanked people which were not covered by traditional bank. The main concept of the bank was to facilitate Small and Medium Enterprises. Financial services * SME Banking * Retails Banking * Card Service (Credit & Debit) * Foreign Exchange & Related Services * Wholesale Banking & Custodial Service * Probashi Banking Distribution network * Business Region: 7 * Total Branches (Including SME SC/KB): 187 * Zonal Offices: 185 * Premium Lounges: 18 * ATMs: 375 * CDMs: 96 * SME Unit Office: 457 * Agent Banking Outlet: 481 * Remittance Delivery Point : 1800 Subsidiaries The subsidiaries are * BRAC E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalised ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The area of Dhaka has been inhabited since the first millennium. An early modern city developed from the 17th century as a provincial capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the List of countries and dependencies by population density, most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and list of cities and towns in Bangladesh, largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali language, Bengali, one of the easternmost branches of the Indo-Europe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir Fazle Hasan Abed
Sir Fazle Hasan Abed ( bn, ফজলে হাসান আবেদ; 27 April 1936 – 20 December 2019) was the founder of BRAC (NGO), BRAC, one of the world's largest non-governmental organizations. Early life Abed was born on 27 April 1936 in the village of Baniachong Upazila, Baniachong, located in what is present-day Habiganj District, Sylhet Division, Sylhet, Bangladesh. He belonged to a Bengali Muslim family of Zamindars, known as the Hasan family, and was one of eight children of Siddiq Hasan and Syeda Sufia Khatun. Abed's maternal grandfather, Syed Moazzem Uddin Hossain, had served successively as ministers for agriculture and education for Bengal Presidency, Bengal during the last years of British India, British rule. His paternal great-uncle was Syed Shamsul Huda, Sir Syed Shamsul Huda, a member of the Imperial Legislative Council. After passing intermediate from Dhaka College in 1954, Abed left home at the age of 18 to attend University of Glasgow, where, in an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BKash
bKash ( bn, বিকাশ) is a mobile financial service in Bangladesh operating under the authority of Bangladesh Bank as a subsidiary of BRAC Bank Limited. This mobile money system started as a joint venture between BRAC Bank Limited, Bangladesh and Money in Motion LLC, United States of America. As a mobile financial service (MFS) provider in Bangladesh through bKash users can deposit money into their mobile accounts and then access a range of services, in particular transferring and receiving money domestically, making payments. Services like mobile recharge or paying utility bills are also possible through bKash USSD (*247#) and bKash App. A user can receive money from overseas on bKash. In November 2021, bKash became the first ever Unicorn startup (a startup whose valuation is $1 billion or more) company in Bangladesh. '' Fortune magazine'' ranked bKash among the top 50 companies in their ''Change the World'' list in 2017. According to Fortune, 22% of Bangladeshi adult ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BRAC (NGO)
BRAC is an international development organisation based in Bangladesh. In order to receive foreign donations, BRAC was subsequently registered under the NGO Affairs Bureau of the Government of Bangladesh. BRAC is the largest non-governmental development organisation in the world, in terms of number of employees as of September 2016. Established by Sir Fazle Hasan Abed in 1972 after the independence of Bangladesh, BRAC is present in all 64 districts of Bangladesh as well as 11 other countries in Asia, Africa, and the Americas. BRAC states that it employs over 90,000 people, roughly 70 percent of whom are women, and that it reaches more than 126 million people with its services. The organisation is partly self-funded through a number of social enterprises that include a dairy and food project, a chain of retail handicraft stores called Aarong, seed and Agro, and chicken. BRAC has operations in 12 countries of the world. History Known formerly as the Bangladesh Rehabilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BRAC (organisation)
BRAC is an international development organisation based in Bangladesh. In order to receive foreign donations, BRAC was subsequently registered under the NGO Affairs Bureau of the Government of Bangladesh. BRAC is the largest non-governmental development organisation in the world, in terms of number of employees as of September 2016. Established by Sir Fazle Hasan Abed in 1972 after the independence of Bangladesh, BRAC is present in all 64 districts of Bangladesh as well as 11 other countries in Asia, Africa, and the Americas. BRAC states that it employs over 90,000 people, roughly 70 percent of whom are women, and that it reaches more than 126 million people with its services. The organisation is partly self-funded through a number of social enterprises that include a dairy and food project, a chain of retail handicraft stores called Aarong, seed and Agro, and chicken. BRAC has operations in 12 countries of the world. History Known formerly as the Bangladesh Rehabilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh National Cricket Team
The Bangladesh men's national cricket team ( bn, বাংলাদেশ জাতীয় ক্রিকেট দল), popularly known as The Tigers, is administered by the Bangladesh Cricket Board (BCB). It is a Full Member of the International Cricket Council (ICC) with Test, One-Day International (ODI) and T20 International (T20I) status. It played its first Test match in November 2000 against India with a 9 wicket loss in Dhaka, becoming the tenth Test-playing nation. Bangladesh became an associate member of the ICC in 1977, and competed in six ICC Trophies, the leading ODI competition for non-Test playing nations. Bangladesh's first official foray into international cricket came in the 1979 ICC Trophy in England. On 31 March 1986, Bangladesh played its first ODI match, against Pakistan in the Asia Cup. For a long time, football was the most popular sport in Bangladesh, but cricket gradually became very popular – particularly in urban areas – and by th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDLC Finance Limited
IDLC Finance Limited, formerly known as Industrial Development Leasing Company of Bangladesh Limited (IDLC), is a multi-product NBFI, Non Banking Financial Institution with headquarters in Dhaka, Bangladesh. It offers financial services in the form of Small and Medium enterprise (Small and medium-sized enterprises, SME) finance products, Factoring (finance), Supplier and Distributor finance, Corporate finance, Structured finance, retail finance, Deposit (finance), Deposits and Treasury products. The IDLC group also provides Merchant Banking, merchant banking, Brokerage firm, stock broker and asset management services via its three subsidiaries, IDLC Investments Limited, IDLC Securities Limited and IDLC Asset Management Limited, respectively. History IDLC was established in 1985 by the initiation of IFC of the World Bank. The company was formed via collaboration of International Finance Corporation, German Investment Corporation, German Investment and Development Company, Korea D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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