BRAC Bank has achieved a historic milestone by surpassing $1 billion in market capitalisation, becoming the only bank in Bangladesh to have reached this landmark in the capital market.
This remarkable achievement reflects the enduring confidence of both local and international investors in the bank’s performance and long-term prospects, reads a press statement issued by the bank. BRAC Bank’s continued growth is underpinned by strong governance, consistent financial performance, and the highest credit ratings in the country. The bank is widely recognised as a benchmark for corporate governance and value-based banking, leading the industry across nearly all key financial indicators.
BRAC Bank, a blue-chip stock, has witnessed a sustained upward trend on both the Dhaka and Chittagong Stock Exchanges in recent weeks. Its share price was Tk 68.80 on DSE on Thursday, significantly above its face value of Tk. 10.
Out of the bank’s 199 crore free float shares, 33.79 per cent are owned by foreign investors-the highest level of international shareholding among banks in Bangladesh.
Commenting on the achievement, the bank’s Managing Director & CEO (Current Charge) Tareq Refat Ullah Khan, said: “We are extremely proud to become the first and only bank in Bangladesh to cross $1 billion in market capitalisation. This milestone is a testament to the steadfast trust of our shareholders and customers.
“It reflects our deep commitment to strong governance, prudent financial management, and long-term value creation. We remain dedicated to delivering sustainable growth and enhancing shareholder value,” he continued.
Source: The Financial Express
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