MetLife Foundation and BRAC Partner to Aid Ultra-Poor Families

BRAC Bank, in partnership with VisionSpring, aims to provide eye screenings to over 46,000 individuals in 2024 under its CSR initiative, Aporajeyo Ami. Expanding beyond factory workers, the program now includes BRAC Bank's head office staff and TARA customers.

IDRA has mandated that no one can use the CEO title in any insurance company without prior approval. Additionally, CEO appointments on a current charge basis are prohibited. Until IDRA approves a CEO, an additional managing director may serve as "CEO (in-charge)."

The Shikha project, launched by the European Union and Brac, addresses gender-based violence (GBV) in Bangladesh, where recent studies show alarming rates of harassment: 80% of women in garment factories, 74% of female students, 94% of women using public transport, and 68% of women on online platforms have faced violence.

Bangladesh’s insurance sector faces a confidence crisis due to corruption, liquidity shortages, and weak regulation, with unsettled life insurance claims rising 66% in five years and insurance penetration at just 0.5%.

A study titled "Microfinance Competition in the Presence of Moneylenders: Theory and Evidence" found that the presence of microfinance institutions (MFIs) in rural areas significantly lowers interest rates and reduces reliance on informal moneylenders.

Chartered Life Insurance Company Limited, listed on the stock market, received a long-term credit rating of "AA-" and a short-term rating of "ST-2" from Alpha Credit Rating PLC, based on audited financial data as of December 31, 2023.