BRAC Bank Limited has launched its Agent Banking Outlet in Meherpur.
With this 212th Agent Banking Outlet, the bank’s Agent Banking Network now covers 56 districts of the country.
The pioneer of SME Banking for the grassroots entrepreneurs in Bangladesh, BRAC Bank had launched its Agent Banking channels in 2018 for taking banking services to the unbanked people especially in the remote areas of the country.
Md Zahangir Alam, Director General, Legal Affairs, Ministry of Foreign Affairs, Government of the People’s Republic of Bangladesh, formally inaugurated the Outlet as the Chief Guest at K. M Super Market, Borobazar, Meherpur on November 17.
Md. Mahfujur Rahman Reeton, Mayor, Meherpur Pourashava; Md. Sabbir Hossain, Deputy Managing Director and COO; Syed Abdul Momen, Head of SME Banking; Nazmur Rahim, Head of Alternate Banking Channels; Khandaker Tarikul Islam, Agent, Meherpur Agent Banking Outlet; Md. Nazmul Hasan, Head of Agent Banking, BRAC Bank; were present at the auspicious ceremony.
With introduction of Agent Banking, the customers at the remote areas of the country will be able to avail opening accounts, deposit and withdraw cash and DPS, FDR, transfer funds, foreign remittance, utility bills and insurance premium payment, loan disbursement and repayment, government allowance receipt, debit card and cheque book requisition, school fee payment and many more banking services at the Agent Banking outlets.
Commenting on this success, Md. Sabbir Hossain, Deputy Managing Director and COO,BRAC Bank, said: “The vision of BRAC Bank is to bring the unbanked segment of the people under formal financial umbrella. Agent Banking will play a facilitating role in bringing in a large population who are presently out of formal banking services through this inclusive banking model.”
He added: “Our Agent Banking with biometric verification and digital capabilities will bring convenience to the people providing them with 24/7 banking anytime and anywhere. BRAC Bank will leverage on its expertise in SME Banking to make Agent Banking a widely expansive distribution channel. The Agent Banking service will create new employment opportunities and contribute significantly to uplift the economy here in Meherpur.”