Regaining business momentum in the ongoing pandemic environment, BRAC Bank has posted a profit after taxes of Taka 285 crore on a standalone basis and Taka 215 crore on a consolidated basis in the January-June period of 2021.
The growth is mainly driven by efficient balance sheet management, improved net interest margin, outstanding CASA growth, strong treasury performance, technology-driven cost management, and a very conservative loan provisioning, a press release said.
Selim R.F. Hussain, Managing Director and CEO of BRAC Banksaid, “The Bank is pleased to offer the stakeholders a strong performance for the half-year. We have recovered the pre-pandemic business momentum and are poised to continue our growth into the remainder of the year and beyond.”
