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BRAC Bank earns record profit in H1

  • Published at 11:43 pm August 3rd, 2017
BRAC Bank earns record profit in H1
BRAC Bank Limited has made a record profit of Tk2,421 million after tax during the first half (January-June) of 2017, said a press release issued on Thursday. The year-on-year profit is 39% higher than Tk1,746 million documented in the same period a year ago, the bank said in its formal earning disclosure at a programme held in the capital. Local and foreign Investment analysts and capital market experts participated in the programme. The bank’s Net Asset Value (NAV) per share stood at Tk27.86 compared to Tk26.15 at the end of June 2016. The Earnings Per Share reached Tk2.66 during January-June period this year from Tk2.10 recorded during the same period last year. BRAC Bank Limited CEO and Managing Director Selim RF Hussain presented the financial results. In his address, Selim said: “We are pleased to deliver a good financial performance in the first half of the current year despite difficult market condition.” He affirms that the bank continues with the momentum from 2016 and is progressing well on its journey to become the best bank in the country. AK Joaddar, deputy managing director and CFO, and other senior officials of the bank were, among others, present at the event.
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