Brac Bank approves dividend amid record profit growth at AGM
BRAC Bank PLC shareholders have approved a 25% dividend—12.5% in cash and 12.5% in stock—for the year 2024 at the bank's 26th Annual General Meeting (AGM), held virtually on 19 June 2025.
A substantial number of shareholders participated in the meeting.
The AGM was presided over by Meheriar M Hasan, Chairperson of the Board. Also in attendance were Vice Chairperson Faruq Mayeenuddin Ahmed and Directors Farzana Ahmed, Anita Ghazi Rahman, Chowdhury MAQ Sarwar, and Lila Rashid. Tareq Refat Ullah Khan, Managing Director and CEO (Current Charge), expressed gratitude to shareholders for their continued trust and confidence. M Mahbubur Rahman, FCS, Company Secretary, moderated the session.
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During the AGM, shareholders were informed of BRAC Bank's strong financial performance in 2024. The bank recorded a Net Profit After Tax (NPAT) of BDT 1,432 crore on a consolidated basis—a 73% increase from BDT 828 crore in 2023. On a standalone basis, NPAT stood at BDT 1,214 crore, representing a 66% increase from BDT 730 crore in the previous year.
Chairperson Meheriar M Hasan highlighted the bank's robust performance despite the prevailing macroeconomic headwinds. Key achievements included a 34% increase in customer deposits and a 20% growth in loans and advances on a standalone basis. He acknowledged the contributions of shareholders, regulators, coworkers and stakeholders in enabling this performance and expressed confidence in the bank's continued growth in 2025 and beyond.
The AGM reaffirmed BRAC Bank's commitment to delivering sustainable value to its stakeholders and strengthening its position as a leading financial institution in Bangladesh.
