BRAC Bank achieved a 73 per cent year-on-year growth in its Net Profit After-Tax on a consolidated basis for 2024 amid challenging market conditions.
The bank鈥檚 consolidated financials, which include all its subsidiaries, showed an NPAT of Tk聽1,432 crore in 2024, a significant increase from the Tk聽828 crore reported in 2023.聽
BRAC Bank stand-alone 2024 NPAT was Tk聽1,214 crore, representing a 66 per cent increase from the previous year鈥檚 Tk聽730 crore.
Despite the stressed industry conditions, the Bank delivered strong balance sheet growth, significantly ahead of market average growth rates 鈥� with total deposits growing by 34 per cent and loans and advances increasing by 20 per cent.
In the first quarter (Q1) of 2025, BRAC Bank鈥檚 consolidated Net Profit After Tax stood at Tk聽486 crore, after an incredible 53 per cent year-over-year growth compared to the same period last year.
The bank鈥檚 financial and operational accomplishments for FY 2024 and Q1 2025 and earnings were unveiled during a virtual earnings disclosure event recently.
The event, broadcast live on social media, was attended by investment analysts, portfolio managers, and capital market experts from local and foreign markets who were the bank鈥檚 stakeholders.
BRAC Bank鈥檚 managing director and CEO (current charge), Tareq Refat Ullah Khan, and other senior officials presented the financial results, operational achievements, and strength of the bank and outlined the Bank鈥檚 strategic focus for the future.
At the end of the disclosure event, a Q&A session was conducted.
Tareq Refat Ullah Khan said, 鈥楩uelled by the trust and confidence of our customers and stakeholders, we are poised to continue innovating, empowering, and contributing to the sustainable development of Bangladesh.鈥�
