Brac Bank's profit rises 13pc

Brac Bank's consolidated profit after tax rose 13 percent year-on-year to Tk 272.8 crore in the first half of 2018.

On solo basis, the bank reported an after tax profit of Tk 255.1 crore during January-June period, which was Tk 232.3 crore in the same period of 2017, the bank said in a statement yesterday.

Consolidated earnings per share reached to Tk 2.36 during the period from Tk 2.09 recorded during the same period last year.

The earnings per share on solo basis stood at Tk 2.38 during January-June period in 2018 which was Tk 2.17 in corresponding period of 2017.

The consolidated net asset value per share of the bank stood at Tk 29.03 at the period that ended on June.

The net asset value per share on solo basis stood at Tk 26.73.

Selim RF Hussain, CEO of Brac Bank, presented the financial results at a programme at the bank's head office in Dhaka yesterday.

"Brac Bank has kept pace of its outstanding financial performance beyond 2017 and delivered yet another strong financial performance in the first six months of 2018," said Hussain.

"The consistency in growth momentum and financial results keep us firmly on the path of becoming the best bank in the country," he added.