BRAC Bank achieved a 32 percent growth in its Net Profit After-Tax (NPAT) on a consolidated basis for the year 2022 during challenging market conditions, a press release said Tuesday. The bank’s consolidated financials, which include all its subsidiaries, showed an NPAT of BDT 612 crore in 2022, a significant increase from the Tk 465 crore reported in 2021. BRAC Bank standalone 2022 NPAT was Tk 576 crore, representing a 3.90 percent increase from the previous year’s Tk 555 crore. Despite the stressed industry conditions, the Bank delivered strong balance sheet growth, with customer deposits growing by 24 percent and loans and advances increasing by 28 percent. The bank’s financial and operational accomplishments for FY 2022 and earnings were unveiled during a virtual earnings disclosure event on April 30, 2023. The event, broadcast live on social media, was attended by investment analysts, portfolio managers, and capital market experts from local and foreign markets who were the bank’s stakeholders.
