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NRBC Bank PLC’s operating profit rose 33 per cent year-on-year to Tk 3.35 billion (355 crore) in the first nine months (January-September) of 2024.
During the same period last year, the bank's operating profit was Tk 266 crore. Besides, the bank's consolidated earnings per share (EPS) rose 8 paisa and stood at 86 paisa compared to the previous year same period’s. On a solo basis, EPS increased by 56 paisa to 84 paisa.
On Thursday, October 31, 2024, this information was disclosed in the unaudited financial report for the third quarter (July-September) approved at the meeting of the Board of Directors of the bank, according to a press release.
The board meeting was held in the meeting room of the Gulshan Branch of the bank. Director AKM Mostafizur Rahman, Mohammed Oliur Rahman, Independent Director Air Chief Marshal Abu Esrar (Retd.), Freedom Fighter Dr. Khan Mohammad Abdul Mannan, Professor Dr. Raad Mozib Lalon, Managing Director (C.C.) Md. Rabiul Islam, DMD Kabir Ahmed, Mohd. Humayun Kabir, Company Secretary Mohammad Ahsan Habib and Md. Jafar Iqbal, FCA among others, attended the meeting.
According to the financial report, the amount of deposits till September 31, 2024, stood at Tk 18,424 crores. The amount of disbursed loans during this period is Tk 14,694 crore
During January-September of this year, interest income is Tk 1,164 crores. It was Tk 952 crore in the same period last year. Interest income increased by more than 22 percent in one year. The Net asset value (NAV) on a solo basis stood at Tk 1,396 crore, compared to Tk 1,321 crore during the same period last year. Apart from this, the consolidated basis NAV stood at Tk 1,436 crore, which was Tk 1,364 crore at the same time last year. The NAV per share has increased from Tk 15.94 to Tk 16.85 and the consolidated NAV per share has increased from Tk 16.47 to Tk 17.34.
It was stated in the meeting of the board of directors that NRBC Bank has increased the distribution of quality loans and customer services.
For this reason, deposit collection and loan disbursement have increased during this period. Besides, operating profit and EPS have also significantly increased in interest income, the release adds.