Brac Bank now has 705 agent banking outlets across the country thanks to a rapid network expansion drive.

They serve 1.40 lakh unbanked people, mostly in rural and semi-urban parts of the country, says a press release.

This banking channel accounts for over 186,000 transactions per month worth more than Tk 1,600 crore while 77 per cent of it is at the upazila level.

People use the outlets to open accounts, withdraw cash and remittance, avail loans having equal monthly instalment facilities and pay utility bills.

The bank expects to have 1,000 outlets by December 2022. The service was launched in October 2018.