Business Desk : dhakamirror.com
Brac Bank Ltd clocked a Tk 601.63 crore profit in the last financial year of 2022, up 10.14 per cent year-on-year.
The private commercial lender, which is focused on small and medium enterprises, made a profit of Tk 546.25 crore in 2021.
Thus, the bank reported consolidated earnings per share of Tk 4.02 for 2022 compared to Tk 3.65 in 2021.
The consolidated net asset value per share rose to Tk 40.86 in the last financial year from Tk 38.21 while the consolidated net operating cash flow per share surged to Tk 25.14 from Tk 2.49 during the period.
The board of directors of Brac Bank has recommended a 7.50 per cent cash and a 7.50 per cent stock dividend for the year that ended on December 31.