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Dhaka Tribune

Brac Bank secures Bancassurance approval from BB

Mohammad Shahriar Siddiqui, BB's director, Banking Regulation & Policy Department, handed over the approval document to Syed Abdul Momen, DMD of Brac Bank 

Update : 30 Jan 2024, 05:38 PM

Brac Bank PLC has secured approval for Bancassurance Business from Bangladesh Bank.

Mohammad Shahriar Siddiqui, director, Banking Regulation & Policy Department, Bangladesh Bank, handed over the approval document to Syed Abdul Momen, deputy managing director, Brac Bank PLC, at Bangladesh Bank Head Office in Dhaka on Monday.

Mohammad Ashfaqur Rahman, additional director, Banking Regulation & Policy Department, Bangladesh Bank; and Mahbubur Rahman, chief bancassurance officer, Brac Bank PLC, were also present.

Brac Bank will arrange training courses on Bancassurance for its officials under tutelage of Insurance Development and Regulatory Authority and Bangladesh Insurance Academy.

As per regulatory approval, Brac Bank will start selling insurance products soon to its valued customers.

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