Brac Bank Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021
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BRAC Bank Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net interest income was BDT 4,206.097 million compared to BDT 2,880.219 million a year ago. Net income was BDT 1,341.268 million compared to BDT 298.058 million a year ago. Basic earnings per share from continuing operations was BDT 0.96 compared to BDT 0.21 a year ago. For the half year, net interest income was BDT 7,759.756 million compared to BDT 7,524.616 million a year ago. Net income was BDT 2,575.323 million compared to BDT 1,168.866 million a year ago. Basic earnings per share from continuing operations was BDT 1.85 compared to BDT 0.84 a year ago.
BRAC Bank PLC (the Bank), formerly BRAC Bank Limited, is a Bangladesh-based commercial bank. The Bank provide banking solutions to the unbanked small and medium entrepreneurs. The Bank is engaged in banking and related activities, such as accepting deposits, lending to retail, small and medium enterprise (SME) and corporate customers, trade financing, lease financing, project financing, issuing letter of credit (LCs), inter bank borrowing and lending, dealing in government securities, and equity shares. Its retail banking services include premium banking, employee banking, deposit products, loan products, and cards. Its Corporate banking services include Working Capital Financing, cash management, and custodial services. Its SME services include loan products, deposit products, and cards. The bank also provides Mobile Banking, Internet Banking, and 24-hour call center.