BRAC Bank has registered a Net Profit After-Tax (NPAT) of Tk 138 crore in the third quarter of the current year with an 8 per cent year-on-year (YoY) growth on standalone basis.
On a consolidated basis, with all its subsidiaries, the NPAT stood at Tk 123 crore with a YoY decrease of 14 per cent, the bank said while disclosing the third quarter earnings virtually on November 8, said a press release on Friday.
The bank’s earnings per share stood at Tk 0.99 on a standalone basis and Tk 1.02 on a consolidated basis.
Loans and advances grew by 5 per cent compared to December 2020 in line with strategic direction, led by retail business while the bank was very selective in growing loans in the corporate and commercial businesses, read the release.
The bank’s third quarter non-performing loan ratio was 3.6 per cent, up by 0.4 per cent YoY, while the NPL coverage ratio slightly decreased to 145 per cent from 151 per cent, it added.
