BRAC Bank reported a significant increase in profit for the year of 2024. 

The private lender's consolidated profit surged 73 percent year-on-year to Tk 1,431.84 crore last year.

The bank reported consolidated earnings per share of Tk 6.95 for the year that ended on December 31, 2024, up from Tk 4.30 in 2023, the lender said in a disclosure posted on the Dhaka Stock Exchange (DSE) website today. 

Shares of the bank declined 0.81 percent to close at Tk 49.1 on the DSE. 

Its consolidated net operating cash flow per share (NOCFPS) also rose to Tk 60.91 from Tk 37.05 over the same period.

The bank's board has recommended a 12.50 percent cash dividend and a 12.50 percent stock dividend for 2024, which are higher than those in the previous year. 

The bonus shares have been proposed to strengthen the bank's capital base and support future business expansion, according to the disclosure.

As of March 31, 2025, sponsors and directors held 46.17 percent of the bank's shares, while institutions owned 14.24 percent, foreign investors 31.97 percent, and the public 7.62 percent.

Established in 2001 with a focus on underserved small and medium enterprises, BRAC Bank now operates with a wider footprint across Bangladesh. It currently has 329 ATMs, 68 recyclable cash deposit machines, and 55 cash recycling machines nationwide, according to its website.