BRAC Bank celebrates Tk 12,000cr deposit growth

BRAC Bank's branch network recently celebrated a record achievement of a net deposit growth of Tk 12,000 crore in 2024 amid the deposit crisis in the banking industry.

The bank's branch distribution network has acquired a remarkable capability of making monthly Tk 1,000 crore net deposit growth on a consistent basis over the year.

The bank organised a programme to mark this accomplishment at its head office in the capital's Gulshan, the bank said in a press release.

Selim RF Hussain, managing director and CEO, and Sheikh Mohammad Ashfaque, deputy managing director and head of branch distribution network, joined the leaders of branch network in celebrating the deposit milestone.

Commenting on the record deposit growth, Hussain said, "Strong customer engagement and relationships have been at the heart of our success in mobilising customer deposits."

"Continuous efforts to expand our branch network and provide cutting-edge digital banking solutions have driven this growth."

"We are confident this momentum will propel us towards greater success in 2025 and beyond," he added.

AKM Tareq, senior zonal head for North, and Taher Hasan Al Mamun, senior zonal head for South, along with regional heads, cluster heads, and branch managers from across the network were also present.