BRAC Bank Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 04:05 am EDT
Share
BRAC Bank Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was BDT 5,289.62 million compared to BDT 4,637.3 million a year ago. Net income was BDT 1,660.58 million compared to BDT 1,040.64 million a year ago. Basic earnings per share from continuing operations was BDT 1.03 compared to BDT 0.65 a year ago.
For the six months, net interest income was BDT 10,196.8 million compared to BDT 9,186.59 million a year ago. Net income was BDT 3,097.8 million compared to BDT 2,198.28 million a year ago. Basic earnings per share from continuing operations was BDT 1.93 compared to BDT 1.37 a year ago.
BRAC Bank PLC, formerly Brac Bank Limited, is a Bangladesh-based commercial bank. The Company provide banking solutions to the unbanked small and medium entrepreneurs. The Company is engaged in banking and related activities, such as accepting deposits, personal banking, trade financing, small and medium-sized enterprises (SME), retail and corporate credit, lease financing, project financing, issuing debit and credit cards, short message service (SMS) banking, Internet banking, phone banking, call center, remittance facilities and dealing in Government securities. Its retail banking services include banking, supreme banking, excel banking, retail deposit products, retail loan products, cards, and locker services. Its wholesale banking services include corporate banking, cash management and custodial services.