About BRAC Bank
BRAC Bank is a company based in Dhaka (Bangladesh) founded in 2001. BRAC Bank has raised $41.99 million across 6 funding rounds from investors including International Finance Corporation, Norfund and FMO. BRAC Bank operates in a competitive market with competitors including Scotiabank, Mutual Trust Bank, Midland Bank, Social Islami Bank and Dhaka Bank, among others.
- Headquarter Dhaka, Bangladesh
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Website bracbank.com
- Social LinkedIn Facebook Instagram YouTube
- Total Equity Funding$41.99M (USD)
in 6 rounds
- Latest Funding Round$30M (USD), Debt – Conventional
Jan 2021
- InvestorsInternational Finance Corporation
& 5 more
Apps and channels of BRAC Bank
its YouTube channel BRAC Bank PLC has 33.1K subscribers and 30 videos.
Videos from BRAC Bank
The most watched videos on BRAC Bank's YouTube channel, BRAC Bank PLC (33.1K subscribers). Click a video to play it here.
More on BRAC Bank PLC.
Funding Insights of BRAC Bank
BRAC Bank has successfully raised a total of $41.99M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $30 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.99M
- Total Rounds 6
- Last Round Debt – Conventional — $30M
- First Round $1.99M
(Jun 2010)
- Investors Count 6
All 6 funding rounds of BRAC Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $30M | Debt – Conventional | – | – | |
| Oct 2019 | $30M | Debt – Conventional | – | – | |
| Apr 2018 | $40M | Private Equity Round | – | IFC Asset Management Company | – |
| Jun 2014 | $7.25M | Debt – Conventional | – | – | |
| Nov 2013 | $15M | Debt – Conventional | – | – | |
| Jun 2010 | $1.99M | Private Equity Round | – | Norfund | – |
6 investors in total: 6 institutional.
Investors in BRAC Bank
BRAC Bank has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, Norfund and FMO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | - | |
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Capital is mobilized and invested in sustainable emerging market companies. | – | ifcamc.org | Washington, Dc, United States | |
Private equity and funds of funds | – | bio-invest.be | Brussels, Belgium | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
It invests in developing countries to create jobs and improve lives | 1998 | norfund.no | Oslo, Norway |
Investor details for BRAC Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of BRAC Bank
3 people are tracked at BRAC Bank (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Indraneel Chattopadhyay | Chief Marketing Officer | Leadership |
Shafiq R. Bhuiyan | Vice President, Communications And CSR | Communication | Leadership |
M.D. Hasanur Rahman | Senior Manager, Government Relations | Team |
Complete people profiles for BRAC Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of BRAC Bank
3 dated milestones of BRAC Bank across 20 years, from founding to its latest funding, stage changes and deals.
- Founded BRAC Bank is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Debt – Conventional, of $30.0M.
Competitors of BRAC Bank
BRAC Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Mutual Trust Bank, Midland Bank, Social Islami Bank and Dhaka Bank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scotiabank.com | 1832 | Toronto, Canada | – | 88,645 | Commercial banking services are provided internationally by Scotiabank. | |
| mutualtrustbank.com | 1999 | Dhaka, Bangladesh | – | – | Retail banking services are provided to customers in Bangladesh. | |
| midlandbankbd.net | 1994 | Dhaka, Bangladesh | $5M | – | Commercial bank | |
| siblbd.com | 1995 | Dhaka, Bangladesh | $57.85M | 1 | Commercial banking services are provided through Islamic principles in Bangladesh. | |
| dhakabankltd.com | 1995 | Dhaka, Bangladesh | – | – | Commercial banking services are offered in Bangladesh. | |
| primebank.com.bd | 1995 | Dhaka, Bangladesh | $25M | – | Commercial banking services are offered in Bangladesh since 1995. | |
| islamibankbd.com | 1983 | Dhaka, Bangladesh | – | – | Functions as an Islamic bank providing Sharia-compliant financial services. | |
| idlc.com | 1985 | Dhaka, Bangladesh | $17.3M | – | Commercial banking services are provided in Bangladesh by IDLC Finance. |
Detailed competitors of BRAC Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of BRAC Bank
The website of BRAC Bank (bracbank.com) receives about 637.1K visits a month and ranks #82,188 among all websites worldwide, #5,174 in Banking Credit and Lending.
- Monthly visits637.1K
▲ 19.1% vs previous month
- Unique visitors166.8K
per month
- Global rank#82,188
among all websites
- Category rank#5,174
Finance · Banking Credit and Lending
- Bounce rate39%
- Pages per visit4.6
- Average visit4 min 02 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with BRAC Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dutchbanglabank.com | 100% | 680.7K | #50,139 | View details | |
| ebl.com.bd | 99% | 287.6K | #161,613 | View details | |
| bankasia-bd.com | 82% | 680.7K | #102,870 | View details | |
ucb.com.bd | ucb.com.bd | 80% | – | #80,962 | – |
| mutualtrustbank.com | 80% | 218.7K | #151,138 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for BRAC Bank
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Brac Bank
Complete news archive for BRAC Bank
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to BRAC Bank
10 companies that operate in the same segment as BRAC Bank (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 136.29 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | USD 900 K | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
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Frequently Asked Questions about BRAC Bank
BRAC Bank was founded in 2001 and raised its 1st funding round 9 years after it was founded.
BRAC Bank is headquartered in Dhaka, Bangladesh.
BRAC Bank is a funded company, having raised a total of $41.99M across 6 funding rounds to date. The company's 1st funding round was a Private Equity Round of $1.99M, raised on Jun 2010.
BRAC Bank was established in 2001 in Dhaka, Bangladesh, as a commercial bank within the financial sector. Core operations involve deposit mobilization, lending, and transaction services for individuals and businesses. Retail and corporate banking products are offered across the country, with a focus on supporting economic activities in urban and rural areas. The banks domain, bracbank.com, facilitates digital access to these services.
BRAC Bank's top competitors include Scotiabank, Social Islami Bank and Mutual Trust Bank.
BRAC Bank has 6 investors. Key investors include International Finance Corporation, Norfund, FMO, British International Investment, and IFC Asset Management Company.
The website of BRAC Bank receives about 637 thousand visits a month and ranks #82,188 among all websites worldwide.