BRAC Bank plans massive rural expansion
BRAC Bank has asked for permission to open 140 new branches this year as part of a huge expansion scheme aimed at bringing full banking services to rural areas. The move, if approved by Bangladesh Bank, will almost quadruple the size of the bank's existing branch network and will be the backbone of its further push into small and medium sized business lending. "We've planned to set up 100 branches in rural areas out of the proposed 140 new branches,' Abidur Rahman Sikdar, head of marketing and corporate affairs of BRAC Bank, told The Daily Star yesterday.