Daily Banking News

NRBC EPS doubles in 2nd quarter

NRB Commercial Bank (NRBC) has had its earnings per share (EPS) grow 126 per cent year-on-year to Tk 1.11 in 2021’s second quarter. 

A board meeting was informed of the bank going for expansion of network and banking services during the pandemic, says a press release.

Emphasis was given on disbursement of loans and advances in Islamic banking and microcredit besides conventional banking, for which loan disbursement increased 34 per cent.

A total of Tk 8,605 crore in loans was disbursed in June 2021 whereas it was Tk 6,435 crore at the same time last year.

Besides deposit collection increased 25 per cent, crossing the Tk 10,000 crore mark for the first time. Currently deposits stand at Tk 10,577 crore.

The lender has 83 branches, which was 75 in June last year. The number of sub-branches has increased to 450 from 182, employing an additional 2,500 or so people.

Chairman SM Parvez Tamal virtually presided over the meeting. Rafikul Islam Mia Arjoo, vice chairman, was also present.   

Read More: NRBC EPS doubles in 2nd quarter

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