Brac Bank
Fin
Year PAT
(BDT'mn) EPS
(BDT) EPS
(Growth) Cost to
Income Ratio
2005 192 12.16 - 51%
2006 334 21.10 73% 49%
2007 618 39 85% 45%
2008E 956 60.09 55% 43%
2009E 1,735 109.58 81% 42%
Source: Annual Reports and MBD Research
Investment Summary:
BRAC Bank
Share Price BDT 792
Ordinary Shares (mill) 15.8
Free Float 50%
12 wk High/Low (BDT.) 746.25/1690
Average Daily Volume (Shares) 97,838
Market Capital BDT (mill) 12,656.16
Reserve & Surplus (mill) 902.03 BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) and Shorecap International, has been the fastest growing Bank in 2004 and 2005. BRAC Bank has been rated as one of the four most successful and sustainable SME Banks in the world. It also has been recognized for “ICMAB Best Corporate Award 2007’. It had been rated as “A” in Long Term and ST-2 in short term.
A fully operational Commercial Bank, BRAC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last five years of operation, the Bank has disbursed over BDT 1500 crores in loans to nearly 50,000 small and medium entrepreneurs. The management of the Bank believes that this sector of the economy can contribute the most to the rapid generation of employment in Bangladesh. Since inception in December 2007, the Bank's footprint has grown to 36 branches, 392 SME unit offices and 67 ATM sites across the country.
BRAC went public following an initial public offer (IPO) and got listed on Dhaka Stock Exchange (DSE) in 2006. The Company, after approval from SEC, issued 50mn shares at Tk. 170 per share including Tk.70 premium. By the end of 2007, a major portion of the Company’s shares were held by the institutions and general public, which accounted for 47.11%.
Year PAT
(BDT'mn) EPS
(BDT) EPS
(Growth) Cost to
Income Ratio
2005 192 12.16 - 51%
2006 334 21.10 73% 49%
2007 618 39 85% 45%
2008E 956 60.09 55% 43%
2009E 1,735 109.58 81% 42%
Source: Annual Reports and MBD Research
Investment Summary:
BRAC Bank
Share Price BDT 792
Ordinary Shares (mill) 15.8
Free Float 50%
12 wk High/Low (BDT.) 746.25/1690
Average Daily Volume (Shares) 97,838
Market Capital BDT (mill) 12,656.16
Reserve & Surplus (mill) 902.03 BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) and Shorecap International, has been the fastest growing Bank in 2004 and 2005. BRAC Bank has been rated as one of the four most successful and sustainable SME Banks in the world. It also has been recognized for “ICMAB Best Corporate Award 2007’. It had been rated as “A” in Long Term and ST-2 in short term.
A fully operational Commercial Bank, BRAC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last five years of operation, the Bank has disbursed over BDT 1500 crores in loans to nearly 50,000 small and medium entrepreneurs. The management of the Bank believes that this sector of the economy can contribute the most to the rapid generation of employment in Bangladesh. Since inception in December 2007, the Bank's footprint has grown to 36 branches, 392 SME unit offices and 67 ATM sites across the country.
BRAC went public following an initial public offer (IPO) and got listed on Dhaka Stock Exchange (DSE) in 2006. The Company, after approval from SEC, issued 50mn shares at Tk. 170 per share including Tk.70 premium. By the end of 2007, a major portion of the Company’s shares were held by the institutions and general public, which accounted for 47.11%.