BRAC Bank Q1 profit doubles

Posted by BankInfo on Thu, May 25 2017 08:39 am

BRAC Bank Managing Director and CEO Selim RF Hussain presents the financial statements of the bank at a question-answer session at its head office in the capital on Tuesday.

BRAC Bank Limited recorded a robust 104 percent after tax profit in the first quarter of 2017 in comparison with the same period in last year.

 The bank reported a consolidated after tax profit of Tk 1,267 million during the January - March period of 2017, which was Tk 622 million in the same period of 2016, said a press release.

 The bank’s consolidated Earnings Per Share (EPS) hit Tk 1.62 during January-March 2017, which was Tk 0.98 during same period of 2016.

 Selim RF Hussain, Managing Director and CEO, BRAC Bank Limited and AK Joaddar, Deputy Managing Director and CFO, presented the financial statements at its head office in Dhaka on Tuesday and answered queries from the audience.

 Local and foreign investment analysts and capital market experts participated in the program which was also broadcast live on the internet for the overseas stakeholders.

 Hussain said, “BRAC Bank has kept pace of its outstanding financial performance beyond 2016 and delivered a strong financial performance in Q1 ’17. The bank has already achieved significant milestones on its journey towards becoming the best bank in the country and is confident of continuing this business momentum over the next few years.”

news:daily sun/25-may-2017
Posted in Banking, News

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