Brac Bank Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 29, 2020 at 03:55 am EDT
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BRAC Bank Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was BDT 3,092.976 million compared to BDT 4,402.569 million a year ago. Net income was BDT 1,492.303 million compared to BDT 847.528 million a year ago. Basic earnings per share from continuing operations was BDT 1.13 compared to BDT 0.64 a year ago. For the nine months, net interest income was BDT 10,617.592 million compared to BDT 13,455.976 million a year ago. Net income was BDT 2,661.170 million compared to BDT 3,338.921 million a year ago. Basic earnings per share from continuing operations was BDT 2.01 compared to BDT 2.52 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.