Moody’s upgrades BRAC Bank's rating, highest in Bangladesh | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Moody’s upgrades BRAC Bank's rating, highest in Bangladesh

Corporates

TBS Report
18 February, 2021, 04:00 pm
Last modified: 18 February, 2021, 04:05 pm

Related News

  • BRAC Bank unveils Bangladesh’s first independent IFRS S1 and S2 reports in accordance with ISSB standards
  • BRAC Bank to offer advanced cash management solutions to Walton Digi-Tech
  • BRAC Bank and Visa unveil digital solution for outbound remittances
  • How banks made record profits in a depressed year
  • Brac Bank: Empowering the grassroots economy

Moody’s upgrades BRAC Bank's rating, highest in Bangladesh

Moody’s also reaffirmed BRAC Bank’s Local Currency Deposit Rating as "Ba3"

TBS Report
18 February, 2021, 04:00 pm
Last modified: 18 February, 2021, 04:05 pm
 Moody’s upgrades BRAC Bank's rating, highest in Bangladesh

Moody's Investor Service has upgraded the Foreign Currency credit rating for BRAC Bank in December 2020 to Ba3 from B1. 

Moody's also reaffirmed BRAC Bank's Local Currency Deposit Rating as "Ba3" - the highest for any Bangladeshi bank rated by Moody's, said a press release.  

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

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

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

Commenting on the issue, Selim RF Hussain, managing director of BRAC Bank said, "BRAC Bank stands on a solid ground with stable funding and liquidity, supported by our good governance, brand reputation, and sizable distribution network".

The report also says that BRAC Bank's capitalisation is the highest among the Bangladeshi banks that they rate, supported by strong internal capital generation and a conservative dividend policy. 

BRAC Bank is the only Bangladeshi bank to maintain the sovereign rating standard of Ba3 for four consecutive years, the press release read. 
 

BRAC Bank / Moody's Investor Service / 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

  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • BRAC Bank unveils Bangladesh’s first independent IFRS S1 and S2 reports in accordance with ISSB standards
  • BRAC Bank to offer advanced cash management solutions to Walton Digi-Tech
  • BRAC Bank and Visa unveil digital solution for outbound remittances
  • How banks made record profits in a depressed year
  • Brac Bank: Empowering the grassroots economy

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

19h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

22h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

22h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

15h | Panorama

More Videos from TBS

Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

59m | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

1h | TBS World
'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

18h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

17h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
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 - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net