DHAKA, Nov 4, 2024 (BSS) - BRAC Bank has achieved a significant milestone,
exceeding Taka 30,000 crore mark in retail deposits at the end of October
2024.
 
The bank's robust retail deposit growth clearly indicates the growing
confidence among customers who trust BRAC Bank to safeguard and grow their
hard-earned savings, said a press release here today.

It said with an annualized growth rate of 34 percent in customer deposits,
BRAC Bank's retail deposit portfolio has shown remarkable resilience and
growth.

BRAC Bank's Deputy Managing Director and Head of Retail Banking Md. Mahiul
Islam said, "Crossing Taka 30,000 crore mark in retail deposits is a
testament to the trust our customers keep in the bank."

BRAC Bank said its wide range of deposit products, including savings
accounts, fixed deposits, and various interest-bearing accounts, tailored to
suit the saving needs of people of all strata of society, have been
instrumental in driving retail deposit growth.

The bank's focus on digital banking solutions has also provided customers
with convenient and secure banking options, further accelerating deposit
mobilization.
 
With a focus on innovation and customer satisfaction, the bank offers diverse
products and services tailored to the needs of individuals and businesses
across Bangladesh, it added.