Brac Bank’s profit jumps nearly 25% in January-March

Brac Bank Limited posted a nearly 25 per cent year-on-year increase in profit in the January-March quarter of 2023.

Its consolidated earnings per share stood at Tk 0.96 in the first quarter of the financial year against Tk 0.77 in the same quarter in 2022, according to the unaudited financial statements.

The consolidated net operating cash flow per share dipped to Tk 1.85 from Tk 7.20, due to higher loan disbursements, said the private commercial bank in a filing on the Dhaka Stock Exchange.

The consolidated net asset value per share rose to Tk 41.86 on March 31 this year from Tk 38.94 on the same day last year.