Sme Bankiong

Executive Summary

BRAC Bank Limited is a scheduled commercial bank in Bangladesh. It established in Bangladesh under the Banking Companies Act, 1991 and incorporated as private limited company on May 20, 1999 under the Companies Act, 1994. Its operation started on July 4, 2001 with a vision to be the market leader through to providing all sorts‟ support to people in term of promoting corporate, small entrepreneurs and individuals all over the Bangladesh.BRAC Bank will be a unique organization in Bangladesh. The bank consist of major divisions named 1) Corporate banking, 2) Retail banking, 3) Operations 4) Small & Medium Enterprise (SME). At present the Bank operating its business by 165 branches and 624 SME offices.

BRAC Bank is the first local commercial banks that proving online banking service to its customers from the very beginning of its starts. BRAC Bank, for the first time among local commercial banks, starts providing loan facilities to small and medium trading, manufacturing and service oriented enterprises all over the country. The bank has already established its network in different area of the country with assistance of BRAC.

SME Banking Division is a business Division of BRAC Bank Limited that deals with small and medium sized Entrepreneurs involved in different types of business. SME banking division primarily provides loans to small and medium sized trading, manufacturing, service, agriculture, non-farm activities and agro based industries located across the country.

The loan products offered by SME Banking Division are ANONNO, PROTHOMA RIN. PROSHAR, BUSINESS LOAN and BUSINESS EQUITY LOAN (BEL). The SME loan range is from BDT 2 lac to BDT 30 lac. SME Banking Division are offers Term loan, Continuous (Cash covered) loan and letter of credit. Short Term: up to 9 months, Long Term: 12 to 120 months. Moreover there is also a deposit product name PRAPTTI CURRENT ACCOUNT for the SMEs.

To avail a funded SME loan 15 to 25 days are...