BRAC Bank registers 13pc profit growth in H1

FE Report | Published: August 02, 2018 11:24:29 | Updated: August 04, 2018 10:40:06


Managing Director & CEO of BRAC Bank Limited Selim R. F. Hussain and the bank's senior executives seen at the half-yearly financial results announcement programme in the capital on Wednesday

BRAC Bank Limited recorded a growth of 13 per cent on consolidated profit after tax year-on-year (YoY) during the first half (January-June) of 2018, according to a statement.

The bank reported a consolidated after tax profit of Tk 2,728 million during January-June 2018, compared to Tk 2,421 million in the same period of last year.

On solo basis, the bank reported an after tax profit of Tk 2,551 million during January - June 2018, which was Tk 2,323 million in the same period of 2017.

The bank's consolidated Earnings Per Share (EPS) reached to Tk 2.36 during January-June, 2018 from Tk 2.09 during the same period last year. The EPS on solo basis stood at Tk 2.38 during January - June 2018 which was Tk 2.17 in the corresponding period of 2017.

The consolidated net asset value (NAV) per share at the end of June 2018 stood at Tk 29.03 compared to Tk 22.27 at the end of June 2017. The net asset value (NAV) per share on solo basis at the end of June 2018 stood at Tk 26.73 compared to Tk 21.55 at the end of June 2017.

Shareholders, local and foreign Investment analysts and capital market experts joined the program through live broadcast on the internet.

Managing Director & CEO of BRAC Bank Limited Selim R. F. Hussain presented the financial results in presence of the bank's senior executives.

"BRAC Bank has kept pace of its outstanding financial performance beyond 2017 and delivered yet another strong financial performance in the first six months of 2018. The consistency in growth momentum and financial results keep us firmly on the path of becoming the Best Bank in the country," Mr. Hussain said.

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