Brac Bank Plc · DSEBD:BRACBANK
Brac Bank — FY2024 & Q1 2025 Earnings Presentation
62 slides from Brac Bank's earnings presentation, 2025
Slide 1: BRAC Bank PLC. Earnings Disclosure FY'24 & Q1'25
BRAC BANK PLC. Earnings Disclosure FY’24 & Q1’25
Slide 2: Opening Statement
Opening Statement Dear Viewers, This is a live webcast in our earnings disclosure portal. The link of which has been shared with all relevant stakeholders through press advertisement, website post and Facebook post. We are also live with this presentation on our Facebook page.
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation and accompanying oral remarks may contain or incorporate by reference “forward looking statements” regarding the belief or current expectations of BRAC Bank Ltd., the Board of the Directors and other members of its Senior Management about the strategy, bu
Slide 4: Contents
Contents Economic Outlook and Market Update FY’24 & Q1’25 :Business Highlights SME Corporate & Institutional Banking Retail Treasury & FI Distribution Network Risk Management Division Sustainable Finance Overview Financial Updates FY’24 & Q1’25 bKash Update Q&A 4
Slide 5: Economic Outlook & Market Update
Economic Outlook & Market Update
Slide 6: Bangladesh Economic Update
Bangladesh Economic Update Volume ($ Bn) 46.7 49.3 FY-24 Recent Developments 33.9 Source: BB, BBS 30.9 21.8 19.9 20.4 17.1 • Bangladesh Bank has adopted market driven (free-floating) exchange rate (0.7) (1.1) (4.4) (4.8) from May 2025. (15.8) (15.4) Export Import Trade Balance Remittance Current A/C
Slide 7: Bangladesh Economic Update
Bangladesh Economic Update BD Govt. ADB IMF WB Bangladesh GDP Growth Outlook Source: BB, ADB, IMF & WB Respective Database 7.9% 7.3% 6.9% 7.1% 6.5% 5.8% 5.8% 5.4% 3.8% 3.9% 5.1% 3.5% 3.3% FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 Policy rate hike continues to curb inflation Policy rate I
Slide 8: SME Banking Division Updates
SME Banking Division Updates
Slide 9: Business Highlights FY'24 – SME
Business Highlights FY’24 – SME Customers ▲ 23% 661k vs 539k FY’24 FY’23 ▲ 53% Deposit Portfolio Quality - NPL ▼41bps BDT 14,289 Cr vs BDT 9,315 Cr 1.98% vs 2.39% FY’24 FY’23 FY’24 FY’23 ▲ 16% Asset Trade Volume ▲ 29% BDT 30,535 Cr vs BDT 26,250 Cr $ 189 Mn vs $ 146 Mn FY’24 FY’23 FY’24 FY’23 Achiev
Slide 10: Business Highlights Q1'25 - SME
Business Highlights Q1’25 - SME YoY (Mar'25 vs Mar'24) Mar'25 vs Dec'24 Customer Number ▲24% (701k vs. 567k) ▲6% (701k vs. 661k) Deposits Deposits ▲46% ▲8% (34%)* CASA Mix ▼44% from 58% ▼44% from 46% CoD ▲5.41% from 3.65% ▲5.41% from 4.53% Assets Portfolio ▲16% ▲1% (4%)* Yield ▲12.07% from 9.06% ▲12
Slide 11: Corporate & Institutional Banking Division Updates
Corporate & Institutional Banking Division Updates
Slide 12: Business Highlights FY'24 – Corporate & Institutional Banking
Business Highlights FY’24 – Corporate & Institutional Banking Customers ▲ 8% 9.15k vs 8.48k FY’24 FY’23 ▲ 27% Deposit Portfolio Quality - NPL ▼ 160bps BDT 20,782 Cr vs BDT 16,308 Cr 3.51% vs 5.11% FY’24 FY’23 FY’24 FY’23 ▲ 28% Asset Trade Volume ▲ 32% BDT 22,089 Cr vs BDT 17,258 Cr $ 5,414 Mn vs $ 4
Slide 13: Business Highlights Q1'25 - Corporate & Institutional Banking
Business Highlights Q1’25 - Corporate & Institutional Banking YoY (Mar'25 vs Mar'24) Mar'25 vs Dec'24 Deposits Deposits ▲24% ▲4% (17%)* CASA Mix ▼50% from 53% ▼ 50% from 51% CoD ▲7.34% from 5.43% ▲7.34% from 6.22% Assets Portfolio ▲22% ▼(3%) (-13%)* Yield ▲9.32% from 8.35% ▲9.32% from 9.12% New Limi
Slide 14: Retail Banking Division Updates
Retail Banking Division Updates
Slide 15: Business Highlights FY'24 – Retail
Business Highlights FY’24 – Retail Customers ▲ 10% 1,361k vs 1,237k FY’24 FY’23 ▲ 35% Deposit Portfolio Quality - NPL ▼ 21bps BDT 31,785 Cr vs BDT 23,509 Cr 2.68% vs 2.89% FY’24 FY’23 FY’24 FY’23 ▲ 15% Asset Acquiring Volume ▲ 70% BDT 9,713 Cr vs BDT 8,438 Cr BDT 12,215 Cr vs BDT 7,167 Cr FY’24 FY’2
Slide 16: Business Highlights Q1'25 - Retail
Business Highlights Q1’25 - Retail YoY (Mar'25 vs Mar'24) Mar'25 vs Dec'24 Customer Number ▲11% (1,426k vs. 1,287k) ▲5% (1,426k vs. 1,361k) Deposits Deposits ▲39% ▲9% (37%)* CASA Mix ▼35% from 37% ~35% from 35% CoD ▲6.36% from 4.95% ▲6.36% from 5.68% Assets Portfolio ▲22% ▲6% (23%)* Yield ▲10.50% fr
Slide 17: Treasury & FI Division Updates
Treasury & FI Division Updates
Slide 18: Business Highlights - Treasury & FI
Business Highlights - Treasury & FI Increased duration on Govt. Efficiently used money market Benefited from ‘Flight to Safety’ Securities portfolio instruments to generate higher return Enhanced return profile Remittance grew by 96%, Ranked 4th in 2024 Significant Strategic FX & Business liquidity
Slide 19: Credit Ratings
Credit Ratings Only Bangladeshi bank having sovereign equivalent rating B+ B2 AAA 19
Slide 20: Distribution Network Highlights
Distribution Network Highlights
Slide 21: Business Highlights – Distribution Network
21 Business Highlights – Distribution Network 5,073 13,491 446 1,578 2.5K 22k 1,024 1,570 67 204 Q1’25 FY’24 Q1’25 FY’24 Q1’25 FY’24 Q1’25 FY’24 Q1’25 FY’24 Wage Earners Commercial Deposit Net Growth Asset disbursement Credit Card Issuance (BDT Cr) (USD Mn) (BDT Cr) (BDT Cr) Remittance Business Reco
Slide 22: Risk Management Division
aes Risk Management Division be
Slide 23: Risk Management: NPL & PAR movement
Risk Management: NPL & PAR movement BDT’ Cr (10 Mn) 30-DPD PAR NPL NPL % 30-DPD PAR % 6.13% 6.35% 8.00% 4.82% 5.03% 4.86% 4,500 5.00% 7.00% 4.52% 4.32% 4.02% 6.00% 4.00% 3.43% 5.00% 3.90% 4,000 3.72% 4.00% 3.60% 4.00% 3.00% 3.38% 2.00% 3.13% 3,500 3.10% 1.00% 2.90% 0.00% 3,000 2.63% 3.00% 2,509 2,24
Slide 24: Credit Risk Management – Highlights
Credit Risk Management – Highlights Stressed Portfolio Trend NPL Coverage & Credit Cost NPL vs Disbursement (last 7 years) Risk Modelling Already Developed Under Development 2024 • PD Model – for C&IB 2023 • LGD and ECL Model – for Retail and SME • SME Scorecard and CCF 2022 • RAROC – for C&IB 2021
Slide 25: Sustainable Finance Overview
Sustainable Finance Overview
Slide 26: Sustainable Finance Portfolio
Sustainable Finance Portfolio Portfolio of Green Finance Portfolio in 2023 6,561 Cr 20% Portfolio in 2024 8,956 Cr 24% Awarded as one of the top We were honored with Published Sustainability Report Portfolio in Q1, 2025 9,123 Cr 24% sustainable banks in the recognition from Bloomberg as 2023 with GH
Slide 27: Financial Updates
Financial Updates [>
Slide 28: Strong Results Supported by B/S Growth
Strong Results Supported by B/S Growth • Customer numbers grew by: • FY’24 - 14% or 247k (Retail: 124k; SME: 122k & C&IB: 677) | Around 2,000 new addition per day • Q1’25 - 5% or 106k (Retail: 66k; SME: 40k & C&IB: 189) | Around 3,000 new addition per day • Strong Balance Sheet growth continues: • D
Slide 29: Market Share
Market Share Loans Deposits 4.05% 3.88% 3.33% 2.91% 3.72% 3.66% 2.47% 2.56% 2.60% 2.32% 2.34% 2.41% 2.43% 3.11% 2.58% 2.36% 2.24% 2.23% 2.04% 2.14% 1.97% 1.98% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1'25 29
Slide 30: Wheel of Financial Highlights FY'24 vs FY'23
THE WHEEL FINANCIAL OF HIGHLIGHTS FY’24 vs FY’23 30
Slide 31: Wheel of Financial Highlights Q1'25 vs Q1'24
THE WHEEL FINANCIAL OF HIGHLIGHTS Q1’25 vs Q1’24 31
Slide 32: Customer Deposits (EOP): FY'24
Customer Deposits (EOP): FY’24 BDT ‘000 Cr (10 Bn) BBL SME Retail Corporate & Institutional YoY Growth 36% 53% 35% 27% 67 32 21 24 49 14 19 16 38 16 9 30 12 7 6 8 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 Growth driven by all segments – aligned t
Slide 33: Customer Deposits (EOP): Q1'25
Customer Deposits (EOP): Q1’25 BDT ‘000 Cr (10 Bn) BBL SME Retail Corporate & Institutional YoY Growth 36% 46% 39% 24% 72 35 22 15 25 53 17 11 20 39 17 12 32 7 6 10 Q1'22 Q1'23 Q1'24 Q1'25 Q1'22 Q1'23 Q1'24 Q1'25 Q1'22 Q1'23 Q1'24 Q1'25 Q1'22 Q1'23 Q1'24 Q1'25 Growth driven by all segments – aligned
Slide 34: Segmental Customer Deposits Mix (EOP): FY'24
Segmental Customer Deposits Mix (EOP): FY’24 BDT Cr (10 Mn) SME Retail Corporate & Institutional FY'24 14,289 FY'23 21% FY'22 9,315 19% 6,789, 31,785 66,857 18% 48% 49,132 20,782 23,509 18,926, 37,761 48% 31% 50% 16,308 12,046, 33% 32% 34
Slide 35: Segmental Customer Deposits Mix (EOP): Q1'25
Segmental Customer Deposits Mix (EOP): Q1’25 BDT Cr (10 Mn) SME Retail Corporate & Institutional Q1'25 15,496 Q1'24 22% Q1'23 10,589 20% 71,859 7,180, 34,703 18% 48% 21,660 24,912 52,939 30% 19,871, 51% 39,144 47% 17,438 12,092, 33% 31% 35
Slide 36: CASA-TD Mix: FY'24
CASA-TD Mix: FY’24 BDT Cr (10 Mn) Current Savings Term FY'24 FY'23 15% FY'22 CASA 58% 16% 42% 19% CASA 53% CASA 47% 27% 49% 51% 31% 32% 36
Slide 37: CASA-TD Mix: Q1'25
CASA-TD Mix: Q1’25 BDT Cr (10 Mn) Current Savings Term Q1'25 Q1'24 Q1'23 15% CASA 59% 15% 41% 19% CASA 54% CASA 46% 26% 47% 53% 34% 31% 37
Slide 38: Loans & Advances (EOP): FY'24
Loans & Advances (EOP): FY’24 BDT ‘000 Cr (10 Bn) As per BB BBL SME Retail Corporate & Institutional YoY Growth 20% 12% 16% 31% 62 26 27 23 52 19 10 20 41 8 15 8 7 15 32 10 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 Growth driven by all segments –
Slide 39: Loans & Advances (EOP): Q1'25
Loans & Advances (EOP): Q1’25 BDT ‘000 Cr (10 Bn) As per BB BBL SME Retail Corporate & Institutional YoY Growth 19% 13% 23% 25% 62 26 26 23 52 20 10 21 43 17 8 8 7 34 15 10 Q1'22 Q1'23 Q1'24 Q1'25 Q1'22 Q1'23 Q1'24 Q1'25 Q1'22 Q1'23 Q1'24 Q1'25 Q1'22 Q1'23 Q1'24 Q1'25 Growth driven by all segments –
Slide 40: Segmental Loans Mix (EOP): FY'24
Segmental Loans Mix (EOP): FY’24 BDT Cr (10 Mn) As per BB SME Retail Corporate & Institutional FY'24 FY'23 26,512 42% FY'22 20,267 62,337 14,631 39% 26,041 36% 42% 51,945 41,068 23,237 9,784 18,730 45% 16% 45% 7,707 8,441 19% 16% 40
Slide 41: Segmental Loans Mix (EOP): Q1'25
Segmental Loans Mix (EOP): Q1’25 BDT Cr (10 Mn) As per BB. SME Retail Corporate & Institutional Q1'25 Q1'24 25,784 Q1'23 41% 20,706 62,442 15,304 39% 26,298 36% 42% 52,485 43,098 23,345 10,360 20,031 45% 17% 46% 7,763 8,434 18% 16% 41
Slide 42: Standalone Performance FY'24
Standalone Performance FY’24 BDT Cr (10 Mn) unless stated otherwise Customer Deposits BDT 000’ Cr Yield ▲ CoD ▲ Customer Loans BDT 000’ Cr 9.67% 7.99% 5.60% 3.91% 2024 2023 2024 2023 66.9 62.3 61.6 52.9 57.5 Spread ~ CASA Mix ▼ 57.4 55.9 4.07% 4.08% 42% 47% 52.5 2024 2023 2024 2023 36% 20% NPL % ▼ N
Slide 43: Standalone Performance Q1'25
Standalone Performance Q1’25 BDT Cr (10 Mn) unless stated otherwise Customer Deposits BDT 000’ Cr Yield 1.15%▲ CoD 0.77%▲ Customer Loans BDT 000’ Cr 10.82% 9.67% 6.37% 5.60% Q1’25 2024 Q1’25 2024 71.9 62.3 62.4 66.9 57.5 61.6 52.9 30%* Spread 0.38%▲ CASA Mix 1%▼ 57.4 1%* 55.9 4.45% 4.07% 41% 42% 52.
Slide 44: Consolidated Performance FY'24
Consolidated Performance FY’24 BDT Cr (10 Mn) unless stated otherwise Deposits BDT 000’ Cr Loans BDT 000’ Cr 62.4 77.7 72.3 63.5 67.1 57.4 56.0 Total Asset BDT 000’ Cr 52.6 32% 105.7 20% 99.6 94.1 Q1'24 Q2'24 Q3'24 Q4'24 90.8 Q1'24 Q2'24 Q3'24 Q4'24 26% Revenue ▲ CIR ▼ Reg. Capital ▲ CRAR ▲ 6,433 4,
Slide 45: Consolidated Performance Q1'25
Consolidated Performance Q1’25 BDT Cr (10 Mn) unless stated otherwise Deposits BDT 000’ Cr Loans BDT 000’ Cr 87.3 77.7 72.3 62.4 62.5 63.5 67.1 50%* 57.4 1%* Total Asset BDT 000’ Cr 56.0 52.6 117.1 37% 99.6 105.7 19% 90.8 94.1 43%* Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 29% Reve
Slide 46: Balance Sheet – Solo FY'24
Balance Sheet – Solo FY’24 BDT Cr (10 Mn) Particulars Dec'24 Dec'23 Δ Amt Δ% Dec'22 Δ Amt Δ% Cash and bank balances 5,152 4,630 521 11% 4,803 348 7% Money at call and short notice 75 300 (225) -75% 683 (608) -89% Investments 20,435 11,566 8,869 77% 6,429 14,006 218% Loans and advances 62,337 51,945
Slide 47: Balance Sheet – Solo Q1'25
Balance Sheet – Solo Q1’25 BDT Cr (10 Mn) Particulars Mar'25 Dec'24 Δ Amt Δ% Mar'24 Δ Amt Δ% Cash and bank balances 7,810 5,152 2,658 52% 5,043 2,767 55% Money at call and short notice 183 75 108 144% 22 161 732% Investments 22,930 20,435 2,495 12% 15,723 7,208 46% Loans and advances 62,442 62,337 1
Slide 48: Balance Sheet – Consolidated FY'24
Balance Sheet – Consolidated FY’24 BDT Cr (10 Mn) Particulars Dec'24 Dec'23 Δ Amt Δ% Dec'22 Δ Amt Δ% Cash and bank balances 7,812 7,450 362 5% 8,482 (670) -8% Money at call and short notice 75 300 (225) -75% 683 (608) -89% Investments 29,796 19,114 10,682 56% 11,655 18,141 156% Loans and advances 62
Slide 49: Balance Sheet – Consolidated Q1'25
Balance Sheet – Consolidated Q1’25 BDT Cr (10 Mn) Particulars Mar'25 Dec'24 Δ Amt Δ% Mar'24 Δ Amt Δ% Cash and bank balances 13,571 7,812 5,759 74% 7,845 5,726 73% Money at call and short notice 183 75 108 144% 22 161 732% Investments 33,661 29,796 3,865 13% 24,223 9,438 39% Loans and advances 62,502
Slide 50: P&L – Solo FY'24
P&L – Solo FY’24 BDT Cr (10 Mn) Particulars FY'24 FY'23 Δ Amt Δ% Net interest income 1,346 1,772 (426) -24% Investment income 2,126 758 1,369 181% Commission, exchange and brokerage 930 617 313 51% Other operating income 23 14 8 57% Total operating income 4,425 3,161 1,264 40% Staff Cost 1,199 1,015
Slide 51: P&L – Solo Q1'25
P&L – Solo Q1’25 BDT Cr (10 Mn) Particulars Q1'25 Q1'24 Δ Amt Δ% Net interest income 326 396 (70) -18% Investment income 733 387 346 90% Commission, exchange and brokerage 201 237 (36) -15% Other operating income 7 5 2 38% Total operating income 1,267 1,025 242 24% Staff Cost 331 268 62 23% Other Op
Slide 52: P&L – Consolidated FY'24
P&L – Consolidated FY’24 BDT Cr (10 Mn) Particulars FY'24 FY'23 Δ Amt Δ% Net interest income 1,645 2,055 (410) -20% Investment income 2,881 1,269 1,613 127% Commission, exchange and brokerage 1,881 1,304 577 44% Other operating income 25 17 8 46% Total operating income 6,433 4,645 1,788 39% Staff Co
Slide 53: P&L – Consolidated Q1'25
P&L – Consolidated Q1’25 BDT Cr (10 Mn) Particulars Q1'25 Q1'24 Δ Amt Δ% Net interest income 410 458 (47) -10% Investment income 983 536 447 83% Commission, exchange and brokerage 503 482 21 4% Other operating income 7 6 1 21% Total operating income 1,903 1,482 421 28% Staff Cost 481 401 80 20% Othe
Slide 54: CONSO Financials with each company's contribution FY'24
CONSO Financials with each company’s contribution FY’24 BDT Cr (10 Mn) FY'24 FY'23 ∆ Amt Subsidiary PAT BBL’s Share in PAT BBL’s Share in PAT BBL’s Share in PAT PAT PAT BRAC EPL Investments Limited (58) (58) (1) (1) (57) (57) BRAC EPL Stock Brokerage Limited (4.0) (3.6) 4 4 (8) (7) BRAC SAAJAN Excha
Slide 55: CONSO Financials with each company's contribution Q1'25
CONSO Financials with each company’s contribution Q1’25 BDT Cr (10 Mn) Q1’25 Q1’24 ∆ Amt Subsidiary PAT BBL’s Share in PAT BBL’s Share in PAT BBL’s Share in PAT PAT PAT BRAC EPL Investments Limited (4) (4) (19) (19) 15 15 BRAC EPL Stock Brokerage Limited 0.0 0.0 (3) (2) 3 2 BRAC SAAJAN Exchange Limi
Slide 56: bKash Updates
bKash Updates
Slide 57: bKash: Key Matrices
aN E bKash: Key Matrices Total Customers (Mn) Active Customers (Mn) Market share in Tnx. Vol 79.7 o4%a 19.4 44.3 30% 43.0 66.5% 12%4 65.3% Qs FY'24 ars FY'24 Ny Qt2s FY'24 Qr25 FY'24 ares FY'24 ars FY'24 Merchants (EOP) Avg. Monthly Tnx Vol (BDT Bn) Agents (EOP) 1 996.9 0.8%4 889.6K 1,143.9 31%4 873
Slide 58: Subsidiary Financials - bKash Limited: FY'24
Subsidiary Financials - bKash Limited: FY’24 BDT Cr (10 Mn) Particulars 2024 2023 Δ Amt Δ % over Q1'24 Gross revenue 5,729 4,762 967 20% VAT 671 571 100 17% Revenue 5,058 4,191 868 21% Cost of services 3,270 2,932 338 12% Gross profit 1,788 1,259 530 42% Operating and administrative expenses 1,047 8
Slide 59: Subsidiary Financials - bKash Limited: Q1'25
Subsidiary Financials - bKash Limited: Q1’25 BDT Cr (10 Mn) Particulars Q1'25 Q1'24 Δ Amt Δ % over Q1'24 Gross revenue 1,859 1,379 480 35% VAT 222 165 57 35% Revenue 1,637 1,214 423 35% Cost of services 1,071 800 271 34% Gross profit 566 414 152 37% Operating and administrative expenses 302 255 47 1
Slide 60: Outlook
Outlook
Slide 61: Thank You
Thank You For any queries, please write to us on earningsdisclosure@bracbank.com
Slide 62: Q&A
Q&A