Earnings Report /
Bangladesh

BRAC Bank: Q3 CY21: Growth in core banking business; bKash dragged group NPAT

  • BRAC’s banking business’s NPAT increased by c8% YoY driven by 50bps improvement in spread

  • bKash’s gross revenue crossed BDT 7bn mark for the 4th consecutive quarter

  • We reiterate buy with BDT 66 target price, implying 47.4% ETR

S. M. Galibur Rahman
Shopnil Paul
Shopnil Paul

Research Associate

IDLC Securities
2 November 2021
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