BRAC Bank Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 01:07 am EDT
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BRAC Bank Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was BDT 4,708.16 million compared to BDT 4,140.12 million a year ago. Net income was BDT 1,589.51 million compared to BDT 1,417.01 million a year ago. Basic earnings per share from continuing operations was BDT 0.986 compared to BDT 0.8837 a year ago.
For the nine months, net interest income was BDT 13,894.75 million compared to BDT 11,807.89 million a year ago. Net income was BDT 3,787.79 million compared to BDT 3,992.99 million a year ago. Basic earnings per share from continuing operations was BDT 2.3535 compared to BDT 2.4837 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.
BRAC BANK PLC. 
