Friday, 14 June 2024

Best Transaction Bank and Best Cash Management Bank in Bangladesh is BRAC Bank

5 min read

By The Asian Banker

This bank achieved a 70% year-on-year growth in profits on the back of higher fee income and low-cost deposits. It integrated different utility and regulatory billers into its internet banking platform, CorpNet. 

The bank demonstrated ecosystem digitalisation for different billers and became the domestic jurisdiction’s sole bank offering straight-thru payment features. It achieved a 96% straight-thru rate for corporate transactions and 150% growth in the number of API. 

For being the most connected bank in terms of API integration and offering straight-thru payment features for various billing organisations, the Best Transaction Bank and Best Cash Management Bank in Bangladesh is BRAC Bank.



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