Brac Bank signs MoU with Brac EPL Stock Brokerage and Brac EPL Investments

Brac Bank has partnered with Brac EPL Stock Brokerage Limited (BESBL) and Brac EPL Investments Limited (BEIL) in order to provide comprehensive financial services to customers.

The partnership between the organizations will allow for technological integration, cross-selling of products, and development of new products, according to a press release.

Under the partnership, both organizations will cooperate in areas such as Probashi Biniyog Offerings to non-resident investors, exploring wealth management and portfolio management services for customers, integrating Brac Bank’s Mobile App Astha with BESBL’s system, and tailoring the bank’s Transaction Banking services to BESBL & BEIL’s needs.

On December 5, 2022, Tareq Refat Ullah Khan (deputy managing director and head of corporate banking at Brac Bank), Ahsanur Rahman (chief executive officer at Brac EPL Stock Brokerage), and Syed Rashed Hussain (chief executive officer at Brac EPL Investments) signed a Memorandum of Understanding (MoU) at the Bank’s head office.

The heads of Retail Banking, Transaction Banking, Digital Business and Payments, and Service Innovation of BESBL were all in attendance.