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4 days ago

NRBC Bank holds board meeting

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The meeting of the Board of Directors of NRBC Bank was held at meeting room of the bank’s head office.

The meeting was convened to approve the financial statements for the year ending December 31, 2024 and Un-Audited financial statements for the period of January to March 31, 2025.

12th Annual General Meeting (AGM) will be held on 21 August 2025, according to a press release.

Md. Ali Hossain Prodhania, the Independent Director and Chairman of the bank, presided over the meeting, on 28 May 2025.

Md. Abul Bashar, Md. Anwar Hossain, Md. Nurul Haque, Barrister Md. Shafiqur Rahman, and Muhammad Emdad Ullah, FCA, Independent Directors, Dr. Md. Touhidul Alam Khan, Managing Director & CEO, Kabir Ahmed, Deputy Managing Director, Harunur Rashid, DMD and Mohammad Ahsan Habib, Company Secretary of the Bank attended the meeting.

The annual general meeting (AGM) for shareholders to approve decisions taken by the bank’s board of directors on financial reports and other matters has been set for 21 August 2025.

The record date has been fixed for 26 June 2025. Besides this, In accordance with the decision of Bangladesh Bank, no dividend has been declared.

In the last financial year, the bank’s consolidated earnings per share (EPS) stood at Tk. 0.08 while net asset value (NAV) stood at Tk. 16.55. In addition, solo EPS stood at Tk. 0.05 and net asset value per share stood at Tk. 16.05.

For the period from January to March 31, 2025 (first quarter), the consolidated EPS stood at Tk. 0.08, while the standalone EPS stood at Tk. 0.06. In the first quarter, the consolidated Net Asset Value (NAV) per share was Tk. 16.64, and the standalone NAV per share was Tk.16.13.

The bank’s total deposits reached Tk 183.28 billion which was 175.67 billion during the same period of the previous years.

Compared to the previous year, deposits gain by 4.33%. Besides, Advance has increased 1.72% and total loans disbursed Tk 147.57 billion which was Tk 145.08 billion in 2023.  At the end of 2024, the operating profit was Tk 2.19 billion. After paying taxes and preserving provisions, the net profit stood at Tk. 44.8 million.

NRBC Bank, established in 2013, was listed in the capital market in 2021. In addition to traditional banking, the bank is conducting extensive activities to bring marginalized people under the ambit of banking activities.

In order to expand its services, the bank has established 109 branches and 377 sub-branches across the country.

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