NRBC Bank's Q1 deposits up by 17pc

The amount of deposits in NRBC Bank increased by nearly 17 per cent at the end of March 2024.

Moreover, compared to the same period last year, the Net Asset Value (NAV) per share of the bank also increased.

This information was obtained from the unaudited financial report of the bank's first quarter published on Thursday, says a press release.

According to the report, as of January-March, the net asset value (NAV) per share of the bank increased to Tk 18.03, compared to Tk 17.58 during the same period last year. The unaudited financial report of the first quarter (January-March) was approved at the 184th meeting of the Board of Directors held on Thursday. The per-share net asset value increased from Tk 17.11 to Tk 17.52.

In January-March 2024, the bank's Earnings Per Share (EPS) reached 44 paisa on a consolidated basis and 40 paisa on a solo basis.

By the end of March of the current year, the bank's deposits increased to Tk 183.08 billion (18,308 crore), compared to Tk 153.86 billion (15,386 crore) during the same period last year. The amount of loans increased by 15% to Tk 157.18 billion (15,718 crore), from Tk 136.65 billion (13,665 crore) last year. Besides, the size of the balance sheet as of March 2024 increased to Tk 290 billion (29,000 crore), from Tk 274.3 billion (Tk 27,430 crore) last year.

Chairman of the bank, S.M. Parvez Tamal presided over the meeting. Also present were Vice Chairman and Director of the bank Rafikul Islam Mia Arzoo, Mohemmed Adnan Imam FCCA, Directors A M Saidur Rahman, Mohammed Oliur Rahman, Mohammed Nazim, A K M Mostafizur Rahman, Loquit Ullah, Independent Directors Air Chief Marshal (Retd.) Abu Esrar and Dr. Raad Mozib Lalon, Managing Director (Current Charge) Md. Rabiul Islam, DMD and CFO Harunur Rashid and Company Secretary Mohammad Ahsan Habib, among others.