20th century intelligence - ending poverty of half world without electricity -although Keynes 1936 (last capter general theiry money inetrest emplymen) asked Economists to take hipocrati oath as the profession that ended extreme poverty, most economists did the opposite. Whats not understandable is how educatirs failed to catalogue the lessons of the handful who bottom-up empowered vilages to collaboratively end poverty. There are mainly 2 inteligences to understand- Borlaug on food; fazle abed on everything that raised life expectancy in tropical viage asia from low 40s to 60s (about 7 below norm of living with electricity and telecomes). Between 1972 and 2001, Abed's lessons catalogued in this mooc had largelu built the nation of Bangladesh and been replicated with help of Unicef's James Grant acroo most tropical asian areas. What's exciting is the valley's mr ad mrs steve jobs invted Fazle Abed to share inteligences 2001 at his 65th birthday party. The Jobs and frineds promised to integrate abed's inteligence into neighborhod university stanfrd which in any event wanted Jobs next great leap the iphone. The Valley told abed to start a university so that women graduates from poor and rich nations could blend inteligence as Abed's bottom of the pyramid vilage began their journey of leapfrog modles now that gridd infarstructures were ni longer needed for sdiar and mobile. Abed could also help redesign the millennium goals which were being greenwashed into a shared worldwide system coding frame by 2016. There re at Abed's 80th birtday party , the easy bitwas checking this mooc was uptodate. The hard bit - what did Abed mean by his wish to headhunt a taiwanese american to head the university's 3rd decade starting 2020?

Monday, December 31, 2012

brac bank in 2012 - source report gabv.org 1.4

report - more from gabv & scharmer 

BRAC Bank Bangladesh http://www.bracbank.com Bank History and Summary Strategy BRAC Bank is a leading private commercial bank in Bangladesh. Its headquarters are based in the Bangladeshi capital, Dhaka. BRAC Bank was established under the Banking Act of 1991 and incorporated as a public company limited by shares on May 20, 1999 under the Company Act of 1994. BRAC Bank began operations in 2001 in order to cater primarily to small and medium enterprises. BRAC Bank is affiliated with BRAC, the world’s largest non-governmental development organization. BRAC Bank currently maintains 466 different offices across the country. Organizational Structure and Locations BRAC Bank started its journey in 2001 and in just 10 years proved to be country’s fastest growing bank. Today, the bank has 81 Branches, 22 SME Service Centers, 48 SME/Krishi Branches, more than 290 ATMs and 315 stand alone SME Unit offices across the country. It has disbursed over BDT 14,500 crore of SME loan and has over 1,200,000 individual customers who access online banking facilities. Its services cut across all strata of clientele - corporate, retail or SME, with their main areas of concentration being: t SME Banking t Retail Banking t Wholesale Banking t Probashi Banking t E-Banking Management and Board BRAC Bank has a board of directors made up of the Chairman - Mr. Muhammad A. (Rumee) Ali, Directors - Mr. Shib Narayan Kairy, Mr. Quazi Mohammad Shariful Ala, Ms. Nihad Kabir, Dr. Hafiz G. A. Siddiqi, and Ms. Tamara Hasan Abed, and Managing Director and CEO - Mr. Syed Mahbubur Rahman. Products and Services BRAC Bank Limited provides various commercial banking services in Bangladesh and internationally. It offers retail, corporate, small and medium enterprises (SME), and Probashi banking products and services. The company’s retail banking products and services comprise various deposit products, including savings accounts, current accounts, and term deposits; and loan products, such as salary, quick, auto, home, and secured loans/overdraft; credit card, debit card, and prepaid cards; online banking services; ATM services; and locker services. Its corporate loan products and services consists of overdraft, term loans, lease finance, loans against trust receipt, work order finance, project finance, and medium enterprise loans; bank guarantees; syndicated debt facilities; trade finance products, including letters of credit and guarantee; corporate cash management services; and custodial services, as well as providing finance to emerging businesses and purchasing bills. The company’s SME products comprise various deposit products, such as current accounts; and loan products, including business equity loans, trade finance and suppliers finance. Its Probashi banking products and services include current accounts, savings accounts, fixed deposits and bonds. Ownership BRAC Bank shares are held in the forms of common stock, preferred shares and publicly issued shares. Its shareholding structure is divided amongst BRAC, the International Finance Corporation, ShoreCap International and general shareholders. 42 Major ownership positions in % (over 5%) 2010 2009 BRAC 43.77% 37.18% International Finance Corporation (IFC) 5.36% 5.83% ShoreCap International Ltd. 0.86% 6.99% Financial Summary BRAC Bank Reporting Currency: Taka ,000 USD Exchange Rate End of Year 68.35 67.68 67.33 67.11 USD Exchange Rate Average 69.178 68.1391 68.1428 67.096 Reporting Currency 2010 2009 2008 2007 Total Assets 119,150,087 94,581,304 72,441,893 46,382,595 Total Loans 84,058,705 64,084,359 52,665,236 32,446,123 Total Deposits 88,157,907 75,219,615 58,006,887 37,368,408 Total Equity 9,411,886 8,150,954 5,437,525 3,072,028 Equity/Total Asset 7.90% 8.62% 7.51% 6.62% BIS 1 Ratio 7.43% 9.12% 10.05% 8.33% Total Loans/Total Assets 70.55% 67.76% 72.70% 69.95% Total Deposits/Total Assets 73.99% 79.53% 80.07% 80.57% Total Loans/Total Deposits 95.35% 85.20% 90.79% 86.83% Total Revenue 9,539,934 7,264,162 6,036,184 3,546,247 Total Non-interest Expense 4,796,643 4,012,291 3,278,875 1,600,754 Net Income (after extraordinary) 1,664,355 874,871 568,761 618,336 Overhead Ratio 50.3% 55.2% 54.3% 45.1% Return on Assets 1.56% 1.05% 0.96% n/a Return on Equity 18.95% 12.88% 13.37% n/a Co-workers (FTE) 7,151 5,907 5,073 3,672 USD Conversion 2010 2009 2008 2007 Total Assets 1,722,370 1,388,062 1,063,089 691,287 Total Loans 1,215,107 940,493 772,866 483,578 Total Deposits 1,274,363 1,103,913 851,255 556,939 Total Equity 136,053 119,622 79,796 45,786 Total Revenue 137,904 106,608 88,581 52,853 Total Non-interest Expense 70,178 59,287 48,698 23,851 Net Income (after extraordinary) 24,350 12,927 8,447 9,213 Note: The information presented is based on the financial statements of the bank. It has been classified to be in a consistent format for this study but as a result there may be some differences with the financial information reported by the bank under its accounting rules. The conversion to USD has been done using rates available from http://www. oanda.com/currency/converter. Balance sheet items have been converted at the year-end rate and income statement items have been converted using the average rate for the full year

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