Brac Bank Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021
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BRAC Bank Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net interest income was BDT 4,206.097 million compared to BDT 2,880.219 million a year ago. Net income was BDT 1,341.268 million compared to BDT 298.058 million a year ago. Basic earnings per share from continuing operations was BDT 0.96 compared to BDT 0.21 a year ago. For the half year, net interest income was BDT 7,759.756 million compared to BDT 7,524.616 million a year ago. Net income was BDT 2,575.323 million compared to BDT 1,168.866 million a year ago. Basic earnings per share from continuing operations was BDT 1.85 compared to BDT 0.84 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.