Momen becomes new DMD of BRAC Bank
BI report || BusinessInsider
Syed Abdul Momen, deputy managing director. Photo : Courtesy
BRAC Bank has promoted Syed Abdul Momen, head of SME banking division, as the deputy managing director (DMD) of the bank.
Momen joined BRAC Bank in 2005 and worked in its technology division for two years before moving to BRAC Afghanistan Bank on a two-year secondment where he served as head of operations and later became the chief operations officer, said a press release.
Upon returning to BRAC Bank in 2009, he joined the SME Banking Division as Head of SME Collection Project.
In 2017, he was given the responsibility of the entire SME banking division.
"In the last few years, Momen has taken our SME business to new heights - doubling the lending portfolio, improving the portfolio quality, and growing the deposit book,” said Selim RF Hussain, managing director and CEO of BRAC Bank.
“Our Board is extremely pleased to broaden his responsibility in BRAC Bank," he added.
Momen started his banking career in 1999 with the then ANZ Grindlays Bank which was later acquired by Standard Chartered Bank in 2000.
He is widely known for his knowledge and expertise in SME Banking across the industry, it said.
