BRAC Bank is the only bank in Bangladesh to have obtained the highest credit rating from leading credit rating agencies within and outside the country. The bank confirmed its achievement through its Facebook page. They said, “We are proud to be the only bank in Bangladesh to have received the highest credit rating from leading credit rating agencies.” The article contains BRAC Bank Received Highest Credit Rating in Bangladesh.
It is mentioned that BRAC Bank has achieved the highest (AAA) rating from CRAB, the country’s leading credit rating agency, based on good governance, substantial capital, liquidity, and improved asset management. BRAC Bank Limited started with the vision to provide banking solutions to unbanked Small and Medium Entrepreneurs. Taking inspiration from its parent company, BRAC, the largest NGO in the world, BRAC Bank introduced small ticket loans to small and medium enterprises (SMEs) to specifically bring the grassroots entrepreneurs under the umbrella of legal banking service.
In 2001, BRAC Bank did not form its journey like any other conventional bank. The visionaries who led the bank acknowledged that the previously neglected Small and Medium Enterprises (SME) sector plays a vital role in generating growth and creating employment in the country. Over the past few decades, traditional banks have been reluctant to invest in this sector. When it was almost unthinkable for the SME entrepreneurs to avail financing from the banking sector in Bangladesh, BRAC Bank stepped forward and came to finance these unbanked SME entrepreneurs. However, they recently announced that BRAC Bank has opened another new one at Progoti Shoroni and a sub-branch in Nikunja. BRAC Bank is committed to providing a better customer experience.
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