Brac Bank posts 72% profit in Q3

The bank reported a consolidated profit after tax of Tk90.8 crore during July-September 2016 which was Tk54.5 crore in the same period of 2015. During the January-September 2016, the total profit was Tk265.6 crore compared to Tk154.5 crore in the same period of 2015. The bank’s consolidated Earnings Per Share (EPS) hit Tk1.10 during July-September 2016 which was Tk0.86 a year ago. The bank’s EPS was Tk3.62 during January-September 2016  compared to Tk2.30 during same period of 2015. Selim RF Hussain, managing director and CEO of Brac Bank, said: “Brac Bank has, through its new customer-centric and one-bank vision, delivered a strong financial performance in third quarter 2016.” “The Bank has already achieved significant milestones on its journey to becoming the country’s best bank and is confident of continuing business momentum in the next few years,” he added.