In a significant milestone for Bangladesh’s banking sector, BRAC Bank has secured the highest credit rating with a ‘stable’ outlook from renowned international agencies, Moody’s Investor Service and S&P Global Ratings. Moody’s Investor Service has awarded BRAC Bank a prestigious ‘B1’ rating, aligning it with Bangladesh’s sovereign rating. This distinction positions BRAC Bank as the only Bangladeshi bank to achieve such recognition, underlining its robust financial standing and resilience.
Furthermore, Moody’s highlighted BRAC Bank’s exceptional core capital base, which stands as the strongest among banks in Bangladesh. This strength underscores the bank’s capacity to navigate challenges and maintain stability in a dynamic financial landscape. Adding to its accolades, S&P Global Ratings bestowed BRAC Bank with a ‘B+’ credit rating alongside a ‘Stable’ outlook in December 2023. This affirmation further validates BRAC Bank’s position as a reliable and creditworthy institution in the global financial market.
BRAC Bank’s stellar performance extends beyond international recognition. It holds the esteemed ‘AAA’ rating from both the Credit Rating Agency of Bangladesh (CRAB) and Emerging Credit Rating Ltd., solidifying its standing as a top-tier financial institution within the country. Commenting on this achievement, Selim RF Hussain, the bank’s Managing Director and CEO, attributed the success to a combination of factors. These include efficient balance sheet management, stringent compliance practices, a forward-thinking board of directors, and a highly skilled management team. Hussain emphasized that these elements have been instrumental in driving BRAC Bank’s consistent excellence in credit ratings over the years.
BRAC Bank’s latest credit ratings affirm its unwavering commitment to financial strength, transparency, and prudent risk management. As Bangladesh’s banking landscape continues to evolve, BRAC Bank stands poised to lead with its steadfast dedication to excellence and innovation.
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