NRBC Bank shows strong financial indicators

Deposits stand at Tk 177.53b and loans at Tk 143.48b for H1

FE Team | Published: July 25, 2023 23:03:23

The 168th meeting of the board of directors of NRBC Bank was held in a hybrid method on Monday. Chairman of the bank SM Parvez Tamal presided over the meeting. Vice Chairman Rafikul Islam Mia Arzoo, Directors Mohammed Adnan Imam, AM Saidur Rahman, Mohammed Oliur Rahman and Loquit Ullah were present in the meeting.

NRBC Bank's deposit collection, loan disbursement and other financial indicators have witnessed significant progress in the first half of the current year, says a press release.
At the end of June this year, the bank's deposits stand at Tk 177.53 billion (Tk 17,753 crore), up 19 per cent from Tk 149.17 billion (Tk14,917 crore) in the previous June.
On the other hand, loan disbursement increased from Tk 124.16 billion (Tk 12,416 crore) to Tk 143.48 billion (Tk 14,348 crore).
The approved unaudited financial report of the first half of the current year (January to June) was presented at the 168th meeting of the bank's board of directors held on Monday.
The meeting, presided over by Chairman SM Parvez Tamal, was held in a hybrid method. The bank's Vice Chairman Rafikul Islam Mia Arzoo, Director Mohammed Adnan Imam, AM Saidur Rahman, Mohammed Oliur Rahman, Loquit Ullah, Independent director Dr Khan Mohammad Abdul Mannan, Air Chief Marshal (retired) Abu Esrar, Dr Raad Mozib Lalon and other executives of the bank were present in the meeting.
According to the financial report, at the end of June 2023, the size of the bank's balance sheet, including off balance sheet, has stood at Tk 273.21 billion (Tk 27,321 crore), which was Tk 243.30 billion (Tk 24,330 crore) in June 2022.
At the end of June this year, treasury investment stood at Tk 46.72 billion (Tk 4,672 crore). It was Tk 35.02 billion (Tk 3,502 crore) in the previous year. The investment has increased by 33.40 per cent in this one year.
Moreover, the bank's total asset value (NAV) at the end of June of the current year stood at is Tk 13.12 billion (Tk 1,312 crore), which was Tk 12 billion (Tk 1,200 crore) in June of the previous year.
On an individual basis, NAV stands at Tk 12.74 billion (Tk 1,274 crore), compared to Tk 11.68 billion (Tk 1,168 crore) in June of the previous year. Also, the bank's EPS stands at 51 paisa in a consolidated manner and 45 paisa on an individual basis for the period of January-June 2023.