NRBC Bank’s deposits up by 17pc in first quarter

At the end of March 2024, the amount of deposits in NRBC Bank increased by nearly 17 per cent. Moreover, compared to the same period last year, the Net Asset Value (NAV) per share of the bank increased.

This information was obtained from the unaudited financial report of the bank's first quarter (January-March) published on Thursday. The report was approved at the 184th meeting of the NRBC board of directors on the same day, according to a press release.

According to the report, as of January-March, the net asset value (NAV) per share of the bank has increased to Tk 18.03, compared to Tk 17.58 during the same period last year.

Furthermore, the per-share net asset value has increased from Tk 17.11 to Tk 17.52.

In January-March 2024, the bank's Earnings Per Share (EPS) reached 44 paisa on a consolidated basis, while the EPS has increased to 40 paisa on a solo basis.

By the end of March of the current year, the bank's deposits have increased by 17 per cent to Tk 183.08 billion, compared to Tk 153.86 billion during the same period last year. The amount of loans has increased by 15 per cent to Tk 157.18 billion, compared to Tk 136.65 billion last year. Besides, the size of the balance sheet as of March 2024 increased to Tk 290 billion, compared to Tk 274.3 billion last year.

Chairman of the bank S M Parvez Tamal presided over the meeting.

Vice Chairman of the bank Rafikul Islam Mia Arzoo, Directors Mohemmed Adnan Imam, FCCA, A M Saidur Rahman, Mohammed Oliur Rahman, Mohammed Nazim, A K M Mostafizur Rahman, Loquit Ullah, Independent Directors Air Chief Marshal (Retd.) Abu Esrar and Dr Raad Mozib Lalon, Managing Director (Current Charge) Md Rabiul Islam, DMD and CFO Harunur Rashid and Company Secretary Mohammad Ahsan Habib, among others, were present.