BRAC Bank’s profit surged 69% on strong investment, fee income

BRAC Bank Ltd reported a remarkable 69% year-on-year profit increase in Q3 2024, reaching Tk 419.62 crore. The growth was driven by higher investment income and strong commission and fee-based revenues. The bank’s consolidated EPS rose to Tk 1.97 from Tk 1.22, while net operating cash flow per share doubled to Tk 49.51. The improved performance was attributed to increased deposit mobilization and stronger net asset value backed by profit growth.READ FULL