BRAC Bank has achieved a significant growth in deposits in the year 2023. Its Distribution Network alone has achieved a staggering deposit growth of more than Tk 8,000 crore in the recently concluded year, which is a record in a single year.
The growth achieved by the business vertical can be attributed to countrywide network of 187 branches, ever growing sub-branch network, establishment and relocation of branches as per customer convenience, top class customer service, continuous customer engagement, and expansion of digital banking services.
Managing Director & CEO Selim R. F. Hussain, Head of Branches Sheikh Mohammad Ashfaque joined with the leaders of Distribution Network in celebrating the milestone of record deposit growth at a ceremony on January 9.
Senior Zonal Heads - Taher Hasan Al Mamun and A.K.M.Tareq, and Regional Heads, Cluster Managers and Branch Managers were present.
Commenting on the deposit growth, Selim R. F. Hussain, stated: “The phenomenal growth in customer deposits in 2023 reflects on our ability to grow our balance sheet and customer numbers at a pace, well above industry average, even during difficult times.”
