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BRAC Bank has taken a pioneering step by bringing all of its Agent Banking outlets under insurance coverage through a partnership with Pragati Insurance Limited.

The initiative, the first of its kind in Bangladesh, will cover outlets with both cash-in-safe and cash-in-transit insurance, ensuring added security for customers and agents alike. The move comes in line with Bangladesh Bank’s directive to strengthen protection across the agent banking network.

Bank officials said the measure not only safeguards deposits but also builds stronger trust and confidence among rural and semi-urban communities that depend heavily on agent banking.

The agreement was signed on August 28, 2025, at BRAC Bank’s head office in Dhaka. Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, and Syed Sehab Ullah Al-Manjur, CEO of Pragati Insurance, signed the deal in the presence of senior officials from both organizations.

With this initiative, BRAC Bank aims to reinforce its commitment to safe, inclusive banking while setting a benchmark for the industry.