Brac Bank posts Tk 134 crore profit in Q1

Brac Bank has registered a profit after tax of Tk 134 crore in the January-March quarter of 2022 on a standalone basis.

On a consolidated basis, the bank generated a profit after tax of Tk 97 crore during the first three months of 2022.

The bank announced its financial results for the first three months of 2022 along with other performance and operational achievements in a virtual earnings disclosure event on May 30.

Local and foreign investment analysts, portfolio managers and capital market experts joined the event, which was broadcast live on social media for the bank's stakeholders.

Brac Bank's Managing Director and CEO Selim RF Hussain; Deputy Managing Director (DMD) and Chief Financial Officer M Masud Rana; DMD and Chief Operating Officer Md Sabbir Hossain; DMD and Head of Corporate Banking Tareq Refat Ullah Khan; DMD and Head of SME Banking Syed Abdul Momen; DMD and Head of Treasury and FIs Md Shaheen Iqbal; Head of Retail Banking Md Mahiul Islam and Head of Credit Risk Management Ahmed Rashid Joy presented the financial results, operational achievements, bank's strength and outlined the bank's strategic focus for the future.