BRAC Bank achieved a 35% growth in its consolidated Net Profit After-Tax (NPAT) for 2023 during challenging market conditions. The bank’s consolidated financials, which include all its subsidiaries, showed an NPAT of BDT 828 crore in 2023, a significant increase from the BDT 614 crore reported in 2022. BRAC Bank standalone NPAT was BDT 730 crore in 2023, representing a 27% increase from 2022. Despite the stressed industry conditions, the Bank delivered strong balance sheet growth, with deposits growing by 34% and loans and advances increasing by 26%. In the first quarter (Q1) of 2024, BRAC Bank’s consolidated Net Profit After Tax (NPAT) stood at BDT 318 crore, after an incredible 91% year-over-year growth compared to the same period last year.
