BRAC Bank's retail deposits surpass Tk 500b milestone

BRAC Bank has achieved a significant milestone in its 25th anniversary, with its retail deposit portfolio surpassing Tk 500 billion. The portfolio reached Tk 503.24 billion as of June 30, which reflects customers'

enduring trust  in the bank  and the strength of its customer-centric retail banking strategy, according to a press release.The retail deposit portfolio has nearly tripled over the past four years, growing from Tk 175.14 billion in June 2022 to Tk 503.24 billion in June 2026. The portfolio recorded a robust 38 per cent year-on-year growth, underscoring the bank's sustained momentum in deposit mobilisation.The bank's countrywide distribution network remained the primary contributor to the retail deposit portfolio, by contributions from sales and agent banking channels.Commenting on this landmark achievement, Mahiul Islam, deputy managing director and head of retail banking at BRAC Bank, said, "Crossing Tk 50,000 crore in retail deposits is a defining milestone in our Silver Jubilee year. This rapid growth is driven by our focus on digital banking and expanding financial access. This incredible milestone reflects the confidence our customers have placed in BRAC Bank and the unwavering commitment of our colleagues across the country."