bKash posts Tk132cr profit in three months
BRAC Bank holds 51% shares of bKash
bKash, the country's leading mobile financial service provider and a subsidiary of BRAC Bank, reported a significant 88% year-on-year growth in profit, reaching Tk131.88 crore in the first three months of this year.
According to its financial statement for the January-March quarter, bKash posted a net revenue of Tk1,637 crore, which was 35% higher from the same time a year ago.
In 2024, bKash reported record-breaking revenue, surpassing the Tk5,000 crore mark for the first time, alongside an all-time high profit of Tk315.77 crore.
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BRAC Bank holds 51% shares of bKash, while Money in Motion LLC of the US owns 16.45%, Alipay Singapore E-Commerce 14.87%, International Finance Corporation 10.36%, and SVF II BEAM (DE) LLC 7.32% shares.
According to bKash, it currently has around eight crore customers, along with 3.50 lakh agents.
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