Brac Bank retains Moody’s Ba3 credit rating | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Monday
October 02, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
MONDAY, OCTOBER 02, 2023
Brac Bank retains Moody’s Ba3 credit rating

Banking

TBS Report
01 July, 2020, 09:20 am
Last modified: 01 July, 2020, 09:44 am

Related News

  • BRAC Bank TARA customers to enjoy exclusive discounts at The Body Shop
  • BRAC Bank partners with Stamford University to revolutionize campus banking services
  • Brac Bank Runners Club makes its debut run in Hatirjheel
  • BRAC Bank Reading Café delves into Faruq Mayeenuddin's 'Shera Dosh Golpo'
  • Brac Bank clinches five prestigious awards from VISA

Brac Bank retains Moody’s Ba3 credit rating

This is the fourth consecutive year that the bank has obtained the highest credit rating from this internationally renowned rating agency

TBS Report
01 July, 2020, 09:20 am
Last modified: 01 July, 2020, 09:44 am
Photo: Collected
Photo: Collected

Brac Bank has once again achieved the rating "Ba3" - highest for any Bangladeshi bank rated by Moody's Investor Service.

This is the fourth consecutive year that the bank has obtained the highest credit rating from this internationally renowned rating agency.

According to Moody's, the affirmation of the bank's rating reflects strong asset quality compared with those of its industry peers, robust profitability and capitalisation, driven by its competitive advantage in the higher-yielding small and medium-sized enterprise (SME) segment, and stable funding profile and liquidity.

Moody's statement also mentions that the bank's credit strengths are built on stable funding and liquidity, supported by its good reputation and sizable distribution network as well as its strong capital base - highest among the Bangladeshi banks they rate.

Commenting on the issue, Selim RF Hussain, managing director of Brac Bank said the bank stands on solid ground for its business model- driven by good governance, transparency, and value-based banking.

Brac Bank is primarily funded by deposits, which constituted 81 percent of the bank's total liabilities as of 2019, Moody's also mentioned.

"Our customers have always shown their unwavering trust for us and we have always been active to ensure reciprocation of the trust in our strategies and performance matrices. We not only have a wide network and strong franchise but are backed by a diversified, dedicated, and talented set of human resources," Selim RF Hussain said.

It is here mentionable that Brac Bank now stands as the only Bangladeshi bank to maintain the sovereign rating standard of Ba3 for four consecutive years.

Economy / Top News

BRAC Bank / Ba3 credit rating

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • DMP Commissioner Habibur Rahman at a press briefing on 2 October 2023. Photo: TBS
    If political parties gather without permission, strict action will be taken: DMP commissioner
  • Illustration: TBS
    Why do Bangladeshi universities fare so poorly in global rankings?
  • Solar panels at a field in a rural area of Bangladesh. File Photo: Rehman Asad/TBS
    Solar soon to be the most affordable electricity source for Bangladesh: Bloomberg

MOST VIEWED

  • Paperfly aborts flight
    Paperfly aborts flight
  • Photo: TBS
    Habibur Rahman takes charge as 36th DMP commissioner
  • US dollar banknotes are seen in this illustration taken on 10 March 2023. Photo: Reuters
    Remittance earnings in September lowest in 41 months
  • How China's Belt and Road changing Bangladesh's  infrastructures
    How China's Belt and Road changing Bangladesh's infrastructures
  • Some banks get more remittance. Is it for extra efforts, or higher dollar rates?
    Some banks get more remittance. Is it for extra efforts, or higher dollar rates?
  • Representational image. Photo: Masum Billah
    Exporting mango trees to Dubai: Bangladeshi farmers tap into afforestation programmes in Gulf countries

Related News

  • BRAC Bank TARA customers to enjoy exclusive discounts at The Body Shop
  • BRAC Bank partners with Stamford University to revolutionize campus banking services
  • Brac Bank Runners Club makes its debut run in Hatirjheel
  • BRAC Bank Reading Café delves into Faruq Mayeenuddin's 'Shera Dosh Golpo'
  • Brac Bank clinches five prestigious awards from VISA

Features

Shahjahan Bhuiyan’s parents and two out of his three siblings passed away when he was behind bars. He missed all the funerals.  
Photo: Nayem Ali

Hangman Shahjahan Bhuiyan: Life after 60 executions and 44 years in prison

4h | Panorama
Illustration: Collected

Apology to a life forgotten to live

18h | Features
Photo: Kazi Ashraf Uddin

Coffee: More than a beverage, something of a beloved

21h | Features
The price back to the normal range is possible if the corporations who control the feed market reduce the feed and chick prices. Photo: Noor-A-Alam

Will eggs ever return to their 'normal' price?

1d | Features

More Videos from TBS

How much time do you spend on mobile apps?

How much time do you spend on mobile apps?

2h | Tech Talk
Everything about the ICC Cricket World Cup 2023 stadiums: Part 1

Everything about the ICC Cricket World Cup 2023 stadiums: Part 1

16h | TBS SPORTS
Apple is bringing new software updates to prevent overheating

Apple is bringing new software updates to prevent overheating

18h | Tech Talk
A unique study cafe in the city

A unique study cafe in the city

17h | TBS Stories
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]