BRAC Bank’s consolidated Net Profit After-Tax (NPAT) in first six months of 2024 grew by 77% year-on -year to TK 591 crore supported by strong deposit and revenue growth.
On a standalone basis, bank’s customer deposits grew by 34% on annualized basis, from TK 49,132 crore to TK 57,511 crore in the first half of 2024 and 37% increase in revenue from TK 1,510 crore to TK 2,061 crore year-on-year.
On consolidated basis including all subsidiaries, the bank, registered an NPAT of TK 591 crore in the first half of 2024 compared to TK 334 crore in 2023.
BRAC Bank’s standalone NPAT for the first half of 2024 was TK 519 crore, up from TK 303 crore in last year, registering a 71% growth.
Reflecting on the financial outcomes, the bank’s Managing Director & CEO Selim R. F. Hussain, stated: “The results for BRAC Bank’s first half highlight our ability to serve growing customer base and expand balance sheet over the industry’s average. It is a testament to the trust our customers place in us. We aim to maintain and amplify this growth journey. Such strong growth is a clear indicator of our long-term ambition of doubling our business by 2025.”
