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Brac Bank Subsidiaries

By Hafsa Binte Omar

BRAC Bank, founded in 2001 and headquartered in Dhaka, Bangladesh, is one of the largest banks in the country. With a network of over 480 branches and offices throughout the country, BRAC Bank has become an important player in Bangladesh's financial sector. As part of its commitment to meeting customer needs for quality service and providing access to banking services across all income levels and segments, BRAC Bank operates several subsidiaries. These subsidiaries offer a variety of products and services to meet customers' financial needs.

Brac Bank Subsidiaries
Table Of Content:

2. About BRAC Bank

https://www.bracbank.com/en/about-us/
At a time when it was almost impossible for the SME entrepreneurs to get financing from the banking sector in Bangladesh, BRAC Bank stepped forward and came ...

5. BRAC Bank Company Profile - Office Locations, Competitors ...

https://craft.co/brac-bank
BRAC Bank Company Profile - Office Locations, Competitors ...... employees at their 1 location. See insights on BRAC Bank including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft.

7. BRAC Bank Limited | LinkedIn

https://ca.linkedin.com/company/brac-bank-ltd
BRAC Bank Limited | LinkedInআস্থা অবিচল - Unwavering Trust | BRAC Bank started its journey on 4th July, ... Subsidiaries: Being pioneer in the financial industry, BRAC Bank also ...

8. BRAC Bank Limited | LinkedIn

https://ch.linkedin.com/company/brac-bank-ltd
BRAC Bank Limited | LinkedInSubsidiaries: Being pioneer in the financial industry, BRAC Bank also ventures towards its subsidiaries to explore more and more new areas of businesses ...

10. Selim Hussain, BRAC Bank (Bangladesh): New As CEO… ~ Global ...

https://www.gabv.org/opinions/new-brac-bank-ceo
Selim Hussain, BRAC Bank (Bangladesh): New As CEO… ~ Global ...He was also the Chairman of the Board of Directors from 2010 to 2012 of two subsidiaries of IDLC Finance: IDLC Investments Limited and IDLC Securities Limited.

  • Source: Google.
  • What are BRAC Banks subsidiaries?

    BRAC Bank has three main subsidiaries-BEFTN Limited, rtgsXchange Limited and BRAC Investment Managers. BEFTN delivers electronic interbank transfers within Bangladesh while rtgsXchange provides real-time online payments enabling payment settlement between domestic banks and customers within Bangladesh. Lastly, BRAC Investment Managers provide its clients with portfolio management services in accordance with regulatory requirements as well as customized investment solutions.

    What types of products do they offer?

    BEFTN provides ACH transfer services from one bank account to another across various banks in the country through its secure payment platform; rtgsXchange offers money transfers using debit cards or mobile wallets; and lastly, BRAC Investment Managers offers a range of investment products including private funds for high net worth investors, equity securities trading and mutual fund investments tailored to meet diversified customer needs.

    Who can use these services offered by the subsidiaries?

    All individuals or businesses looking for convenient banking solutions can use the products offered by any one of the three main subsidiaries operating under BRAC Bank. The products are designed to meet everyone’s needs whether they require electronic payments or portfolio management services.

    Does use of such services incur transaction fees?

    Yes, some transactions may incur fees depending on their nature(e.g., international payments may attract higher charges compared to domestic payments). However, there is no single flat fee rate applicable on all transactions as it will depend on each transaction's type and size along with other parameters such as currency etc.

    Are there any additional benefits available when using these subsidiary services?

    Yes! Customers can enjoy enhanced security features when making payments or investments through any one of these subsidiary companies due to special encryption methods adopted by each entity. Additionally customers can avail timely support from dedicated client relationship officers who will assist them throughout their process.

    Conclusion:
    The subsidiaries of BRAC Bank provide an array of reliable banking solutions tailored towards meeting customers’ unique needs. It promotes convenience through easy access to quality financial services whether it be making quick payments domestically or investing into diverse financial instruments securely under reliable supervision –all at competitive prices.

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    Hafsa Binte Omar

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