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
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$41.99 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Debt – Conventional
Jan 19, 2021
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Investors
International Finance Corporation
& 5 more
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Employee Count
Not available
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People of BRAC Bank
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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.
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.
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IFC is focused on private sector development in emerging markets.
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Government agency focused on small and medium-sized businesses
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Capital is mobilized and invested in sustainable emerging market companies.
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Investor details for BRAC Bank
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Investments & Acquisitions by BRAC Bank
Investment portfolio details for BRAC Bank
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Financial Statements - BRAC Bank
Detailed financials for BRAC Bank
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Brac Bank Comparisons
Peer comparison for BRAC Bank
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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 year | HQ Location | Description |
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Commercial banking services are provided internationally by Scotiabank.
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Retail banking services are provided to customers in Bangladesh.
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Commercial bank
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Commercial banking services are provided through Islamic principles in Bangladesh.
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Commercial banking services are offered in Bangladesh.
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Detailed competitors of BRAC Bank
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Latest news on Brac Bank
Complete news archive for BRAC Bank
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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.
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.