|Join in celebrating the 30 most productive collaborations 2020-1970 of women empowered sustainability generation goals 1 -5 and help log advances to 2025 Fazle Abed partners and 1billion girls mapped these 30 collaborations -six each for education , health, food/land, finance to end poverty, societal platforms for partners in 100% community (women as productive as men, young & old, colored & white|
education opportunities 4.1 adult skills; 4.2 primary; 4.3 teen ; 4.4 university; 4.5 pre-school ;4.6 multidisciplinary education luminaries health opportunities
3.1 oral rehydration 3.2 para health "doordash" basic medicines 3.3 scale vaccination 3.4 tuberculosis 3.5 Frugal processes eg wash sanitation, maternity; 3.6 James Grant School of public health food/land opportunities
2.1 rice 2.2 veggie 2.3 cash crops & village fair2.4 poultry 2.5 dairy, 2.6 14 nation leading supply chains financial opportunities to end poverty
1.1 change aid (sustainable charity), microfinance+, 1.3 ultra poor, 1.4 city bank 1.5 bkash, 1.6 hq2 brac intl netherlands
platforms for 100% lives matter community (women as productive as men , all skin cols equal opportunity etc)
5.1 100k person metavillage; 1 billion asian women, brac net, 5.4 100 asian universities share sdg graduates 5.5 climate smart village exchanges, 5.6 zoom me up scotty: adamsmith.app 2022: year 264 in search of moral market leadership
Monday, December 31, 2012
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
Over the last 50 years the greatest human development miracle can be explored through village women empowerment networks across Asia - remember Asia id 65% of peoples and up to world war 2 the vast majority of the continent had been excluded from the firt 185 yeras of engineers because colo0nial empires focused on coastal trade and extracting from other peoples lands not so much development by and for all the peoples
Schumacher an alumn of keynes is known for 2 sayings - small is beautiful- ending poverty is largely a challenge of millions of volages
Across the humid asian continent in places with large populations with small amounts of land per head the main challenges and the main solutions were similar - oral rehydration could save up to a third of infants from dying but only id mainly illiterate village mothers knew how to apply it; local rice production eg borlaug is reputed to have prevented starvation of a billion people ; .. it is in this context we aim to summarise how women empowerments deepest economic development miracles depend on swapping context solutions bottom up .. we welcome corrections, questions email@example.com swapping notes over 50 years and impacting quarter of the world's poorest families development is not something that one can record on mobile screens unless there is very deep collaboration on what data maps we are talking about and deep love at the community level- this is of course why women empowerment networking is to some of us the most exciting news of the last half century and climate and tech critical dutrng the sdg decade 2020s
Dear Jennifer over 50 years this is roughly how rural women empowerment built bangladesh (in 1971 90% people living in villages ie without electricity grids or other infrastructure. Fazle Abed, Glasgow Graduate, who had become Shell Oils leading young Asian Engineer (ceo east pakistan by age 30) experienced 1970 cyclone that killed million people and 12 months later war of independence. He turned his biggest mistake into an advantage. Because he was an engineer after finishing his contract with shell he used his life saving about 15000 pounds and matching grant from oxfam to rebuild 15000 homes (which the war had flattened in north east corner of new bangladesh. It was a mistake because no sooner than the homes were complete (with oxfam saying this was most efficient project ever) he found 10 mother dying a week of starvation, 20 infants dying of diarrhea and starvation. So he started designing village microfranchises - food , health services. that village mothers could own making positive cashflow. Within brac's first 10 years (before yunus got a banking licence) abed was designing village business solutions to goals 1,2, 3- and goal 5 100% working adults with no underclasses and responsibility for safety of each other became a partnership search platform. By the second decade the village mothers demanded abed start designing schools. (Government still didnt have enough tax money to do more than develop city and run army at country's borders. Over time brac designed 14 agricultural value chains that it led nationally - initially food security markets ie rice and vitamin-rich veggies then poultry and dairy; in parallel so villagers could earn money from city it looked at cash crops, crafts including silk, more recently forestry. Each of goals 1 finance, goal 2 food, goal 3 health, goal 4 education, goal 5 partnership platforms for 100000 person fully productive communities. For example finance value chain is complete in bangladesh -it now has city bank for 2nd, 3rd generation villagers now in the city; cashless banking and remittances; as well as rural microcredit, and ultra poor graduation - 2 year program for those needing 2 years support before they can use microfinance. My understanding rice the crop that ended starvation - from 1960 was set up our of philippines 1960! https://en.wikipedia.org/wiki/International_Rice_Research_Institute by eg us rokefeller foundation so that borlaug crop science (which has already advanced in japan taiwan korea south) could be replicated across rest of asia. By the time abed needed to study rice science, tropical villages in china had the most relevant seed extraction for bangladesh. So for decades the chinese and bangladeshis led rice sceince variants most relevant to local conditions. I believe brac people co-chaired irri some of the time. We are talking about up to 10 fond more village rice production between optimalisation to context and general production as of 1970. When it comes to building a regional economy from no resources other than mothers family building and miniscule land plots and from decade 3 all sorts of remittance flow, there is a lot of context , timing, relentless integration - for example Brac couldnt go into nationwide daury distribution until the eu had stopped dumping powdered milk.It turns out that of the people who worked with abed for decades, the one who has worked in the philippines started designing schools adapted to the philippines. Here is his note on what he did. Please say if you want me to connect him on whatsapp . His name is Safiqul Islam and Abed told my team to always check things with him. . .......................................................................................... Chris,
1. With Australian support BRAC Education Programme operated a pretty large number of primary schools and pre-schools in Muslim Mindanao, in Philippines for 7 years from 2011.
2. I visited these schools few times and Mr Abed once.
3.Philippine's education ministry recognised it as an alternative model of education.
4. Following Bangaldesh's Boat School concept, a few Boat Schools were constructed and operated for children of most underprivileged Bazao (fishermen) Community of Philippines.
5. You may remember BRAC's Boat School was showcased in WISE in 2012 . It was awarded by Finland as one of world's 100 innovation. It was primarily funded by the 'Education Above All' of Qatar. Mother queen Her Highness of Qatar visited Boat Schools in Bangladesh.
Boat School is well aligned with Climate Change.