BRAC Bank posts TK 1,011 crore NPAT in first nine months along with strong balance sheet performance
BRAC Bank’s consolidated Net Profit After-Tax (NPAT) registered a growth of 74% year-on -year (YoY) and reached TK 1,011 crore during the first nine months of 2024.
On a standalone basis, the bank registered a NPAT growth of 64% posting TK 827 crore. The bank sustained its growth trend and delivered a 26% annualized growth in its balance sheet.
While the bank’s customers’ deposits grew by 34% (annualized) to reach TK 61,602 crore, lending book recorded a growth of 14% (annualized) and stood at TK 57,413 crore at the end of September 2024. Driven by growth in both business and investment, both funded & non-funded income also grew significantly - registering a 35% YoY growth in overall revenue.
Along with business growth, significant improvement in portfolio quality was ensured,...