According to thedailystar_biz, BRAC Bank PLC, founded in 2001 under the leadership of Sir Fazle Hasan Abed to serve the "missing middle" -- small and medium enterprises (SMEs) that had outgrown microfinance but lacked access to formal banking -- has grown into one of Bangladesh's leading financial institutions.
BRAC Bank shares rally on SME lending expansion
Bangladesh lender's focus on small and medium enterprises drives market valuation gains, highlighting the profitability of the missing middle segment.