BRAC Bank achieves Tk 30,000 crore Retail deposit milestone
BRAC Bank has achieved a significant milestone, crossing the Tk 30,000 crore mark in Retail deposits at the end of October 2024.
The bank’s robust Retail deposit growth clearly indicates the growing confidence among customers who trust BRAC Bank to safeguard and grow their hard-earned savings.
With an annualized growth rate of 34% in customer deposits, BRAC Bank’s Retail deposit portfolio has shown remarkable resilience and growth. This achievement reinforces BRAC Bank’s position as a preferred choice for personal banking solutions, catering to the diverse financial needs of individuals across Bangladesh.
BRAC Bank’s wide range of deposit products, including savings accounts, fixed deposits, and various interest-bearing accounts, tailored to suit the saving needs of people of all strata of society, have been instrumental in driving retail deposit growth. The bank’s focus on digital banking solutions has also provided customers with convenient and secure banking options, further accelerating deposit mobilization.
BRAC Bank’s Deputy Managing Director & Head of Retail Banking Md. Mahiul Islam, stated, “Crossing the Tk 30,000 crore mark in Retail deposits is a testament to the trust our customers keep in the bank. We are deeply grateful to our customers for their unwavering confidence in us.’’
“Continued customer loyalty, enhanced digital banking services and countrywide expansive network have led to the growth. We remain dedicated to delivering secure, reliable, innovative banking solutions that meet their everyday financial needs. We are extremely proud of our co-workers who deserve all the applause for this incredible dedication in achieving the milestone of taking the bank’s deposit base to new heights,” he continued.
With a focus on innovation and customer satisfaction, the bank offers diverse products and services tailored to the needs of individuals and businesses across Bangladesh.
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