BRAC Bank posts excellent set of results in 2024 underpinned by strong balance sheet growth
BRAC Bank achieved a 73% (year-over-year) growth in its Net Profit After-Tax (NPAT) on a consolidated basis for 2024 amid challenging market conditions. The bank's consolidated financials, which include all its subsidiaries, showed an NPAT of BDT 1,432 crore in 2024, a significant increase from the BDT 828 crore reported in 2023.
BRAC Bank stand-alone 2024 NPAT was BDT 1,214 crore, representing a 66% increase from the previous year's BDT 730 crore. Despite the stressed industry conditions, the Bank delivered strong balance sheet growth, significantly ahead of market average growth rates - with customer deposits growing by 34% and loans and advances increasing by 20%.
The bank's financial statements for FY 2024 were approved by the Board of Directors on April 28, 2025. Here are highli...