Atiur Rahman, governor of Bangladesh Bank, cuts a cake to launch Brac IT Services Ltd (biTS), a subsidiary of Brac Bank, at Lakeshore Hotel in Dhaka on Thursday. Muhammad A (Rumee) Ali, chairman of biTS, and Syed Mahbubur Rahman, managing director of Brac Bank, were also present. Photo: BITS
Brac Bank launches IT firm to provide world-class technology solutions in Bangladesh.
Bangladesh Bank Governor Atiur Rahman launched the company at a programme at Lakeshore Hotel in Dhaka on Thursday.
A joint venture of Brac and Brac Bank, biTS is formed to meet the growing demand of IT services in financial and other sectors in the country, the bank said in a statement yesterday.
The firm will provide innovative technology solutions for banks, financial institutions, fast-moving consumer goods and consumer durables, educational institutions, NGO etc, according to the statement.
“biTS will help companies increase connectivity and productivity,” said its Chairman Muhammad A (Rumee) Ali.
“All Brac Bank subsidiaries always bring in innovative services. biTS will also maintain the tradition of excellence. We aim to become number one IT brand in Bangladesh and take our services beyond border.”
Local companies will now get world-class IT services from a Bangladeshi IT firm at competitive cost, Brac Bank CEO Syed Mahbubur Rahman said.
“It will save a lot of foreign currency presently paid to foreign firms. It will help local firms to attain cost and manpower optimisation.”
“biTS has a team of highly capable and professional individuals committed to deliver high productivity, efficiency as well as creativity,” its CEO Nawed Iqbal said.
“We are committed to help our customers to achieve operational efficiency through transforming their existing operations using our best value solutions and services.