S&P rates BRAC Bank as the best 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
    • Get the Paper
    • 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

Thursday
July 24, 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
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
S&P rates BRAC Bank as the best in Bangladesh

Banking

TBS Report
27 January, 2025, 06:35 pm
Last modified: 27 January, 2025, 06:43 pm

Related News

  • BRAC Bank named ‘Top Sustainable Bank’ by BB for fifth consecutive year
  • BRAC Bank holds AML conference to address evolving risks
  • BRAC Bank unveils north gulshan’s first digital branch
  • Structural flaws to weigh down Bangladesh's banking sector, says S&P Global analyst
  • BRAC Bank celebrates strong half-year deposit milestone

S&P rates BRAC Bank as the best in Bangladesh

Affirms ‘B+’ with a ‘Stable’ outlook

TBS Report
27 January, 2025, 06:35 pm
Last modified: 27 January, 2025, 06:43 pm
S&P rates BRAC Bank as the best in Bangladesh

BRAC Bank has once again secured a 'B+' credit rating with a 'Stable' outlook, as affirmed by the world's leading credit rating agency, S&P Global Ratings.

Despite challenges in the banking sector, the US-based S&P Global Ratings has kept confidence on BRAC Bank maintaining a solid 'B+' rating with a 'Stable' Outlook. This is equivalent to the sovereign rating of Bangladesh and the highest among the banks S&P rates in Bangladesh, reads a press release.

A statement from S&P regarding BRAC Bank elucidated, "BRAC Bank has been able to establish a good branch network and online presence. The bank's access to retail remittances and export-oriented clients will help it navigate the challenges arising from Bangladesh's weak external position. We believe the bank will maintain its satisfactory franchise, particularly in the SME and retail segments in the underpenetrated Bangladeshi market. BRAC Bank also benefits from above-industry-average asset quality."

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

"The stable outlook on BRAC Bank reflects our view that the bank should be able to steadily navigate the challenging operating conditions in Bangladesh and maintain its financial profile over the next 12-18 months," S&P added.

Commenting on the credit rating from the world's most prominent agency, Selim RF Hussain, managing director and CEO of BRAC Bank, said, "This distinction is a recognition of our unwavering commitment to enhancing our capital base, asset quality, governance, and liquidity positioning. This top-notch rating from an internationally acclaimed agency would bode well for the country's banking sector and elevate the reputation of Bangladesh on the world stage."

He added, "On this momentous occasion, our heartfelt gratitude goes out to our customers, shareholders, investors, team members, regulators, board members, and all stakeholders. Their steadfast trust and support have been instrumental in crafting our legacy."

In addition to S&P, BRAC Bank is also the highest rated bank in Bangladesh by CRAB (AAA) and Moody's (B2).

Bangladesh

BRAC Bank / S&P Global Ratings

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

  • Representational image. Photo: Collected
    Tariff issue: Bangladesh, US set for crucial virtual meeting on 29 July - not tommorow
  • Milestone tragedy: CID confirms identities of 5 victims using DNA samples
    Milestone tragedy: CID confirms identities of 5 victims using DNA samples
  • Rescue workers carry out operations at Milestone School and College following the BAF fighter jet crash on 21 July 2025. Photo: Mehedi Hasan
    Most victims in Milestone crash are students under 15

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • BRAC Bank named ‘Top Sustainable Bank’ by BB for fifth consecutive year
  • BRAC Bank holds AML conference to address evolving risks
  • BRAC Bank unveils north gulshan’s first digital branch
  • Structural flaws to weigh down Bangladesh's banking sector, says S&P Global analyst
  • BRAC Bank celebrates strong half-year deposit milestone

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

18h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

2d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Jamaat Ameer's statement misleading: Chatra Dal general secretary

Jamaat Ameer's statement misleading: Chatra Dal general secretary

29m | TBS Today
Dollar gets upward push as BB buys $10m more in auction at even higher rate

Dollar gets upward push as BB buys $10m more in auction at even higher rate

1h | TBS Insight
Why is Korniya called the Jamdani Sari girl?

Why is Korniya called the Jamdani Sari girl?

19m | TBS Programs
'Brahmanbaria has always been deprived because it fought against fascism'

'Brahmanbaria has always been deprived because it fought against fascism'

2h | TBS Today
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