BRAC Bank opens 750th agent banking outlet

BRAC Bank has achieved the milestone of 750th Agent Banking Outlets as the rapid network expansion drive across Bangladesh continues. The milestone was achieved through the inauguration of Pobnartek Agent Banking Outlet in Ashulia recently, said a statement.
Md. Nazmul Hasan, Head of Agent Banking; Mainuddin Ahmed, Branch Manager, Gonokbari Branch; Mizanur Rahman Mizan, Regional Head, Gazipur Region, SME Banking; Gazi Junaid Hussain, Regional Coordinator, Agent Banking; and local dignitaries were present at the inaugural ceremony.
The rapidly expanding alternate banking channel now serves 0.17 million unbanked people, mostly in rural and semi-urban parts of the country, as the channel's rural penetration hits the industry highest at 77 per cent. Agent Banking Channel carries out over 174,000 transactions worth over BDT 15 billion per month.
From account-opening to cash withdrawal, loan to EMI payment, remittance service, and utility bill payment - Agent Banking outlets are now the place to go for the local people for any day-to-day banking.