NRBC Bank’s assets rise 29%

NRBC Bank's assets have increased by 29 per cent to Tk 16,115 crore by the end of December 2022, compared to the previous year's Tk 12,462 crore.

The loan portfolio of the bank has also grown by 30 per cent, reaching Tk 13,617 crore from Tk 10,489 crore.

The information was revealed at the bank's 10th annual general meeting which was virtually presided over by SM Parvez Tamal, the chairman of the bank, yesterday.

The bank's operating profit at the end of the year was Tk 403 crore, and net profit was Tk 173 crore, whereas earnings per share increased to Tk 2.19.

However, the bank facilitated imports worth Tk 3,602 crore, exports worth Tk 3,373 crore, and remittances of Tk 1,333 crore last year. The shareholders approved 7.50 per cent cash and 4.50 per cent stock dividends for 2022.

Rafiqul Islam Mia Arzoo, vice-chairman, Mohammed Adnan Imam, AM Saidur Rahman, Mohammed Oliur Rahman, Loquit Ullah, Mohammed Nazim, AKM Mostafizur Rahman, directors, Chief Air Marshal (retd) Abu Esrar, Khan Mohammad Abdul Mannan, Raad Mozib Lalon, independent directors, Golam Awlia, managing director, and Harunur Rashid, deputy managing director, attended the meeting.