Brac Bank's net profit soared 75 percent year-on-year to Tk 174.6 crore in January-June this year, the bank said in a statement yesterday.

The bank's net asset value per share stood at Tk 31.39 at the end of June, compared to Tk 26.47 at the end of June 2015.

The bank's consolidated earnings per share hit Tk 2.52 during January-June, which was Tk 1.44 during the same period last year.  

The financial results were disclosed at a programme at the bank's head office in Dhaka yesterday.

Local and foreign investment analysts and capital market experts participated in the programme which was also broadcast on the internet for overseas stakeholders.

Selim RF Hussain, managing director and CEO of the bank, and Parvez Sajjad, chief financial officer, presented the financial results and then answered queries.

Hussain said, “Brac Bank has, through its new customer-centric and one-bank vision, delivered a strong financial performance in the first half of 2016.”

“The bank has already achieved significant milestones in its journey to becoming the best bank in the country and is confident of continuing business momentum over the next few years,” he added.