BRAC Bank has become the first bank in Bangladesh to surpass $1 billion in market capitalisation, the lender announced in a press release.

The milestone was reached as the bank’s stock continued its upward momentum on both the Dhaka and Chittagong stock exchanges. As of 24 July, BRAC Bank’s share closed at Tk 68.8, well above its face value of Tk 10, bringing its total market capitalisation to Tk 13,691 crore, based on its 199 crore listed shares.

“This milestone reflects the trust of our shareholders and customers,” said Tareq Refat Ullah Khan, Managing Director and CEO (current charge). “It is a testament to our strong governance, prudent financial management, and commitment to sustainable growth.”

BRAC Bank has the highest foreign shareholding among local banks in Bangladesh. According to the disclosure, 33.79 percent of its shares are held by international investors, while sponsors and directors own 46.17 percent. Local institutional investors account for 13.28%, and general investors account for 6.76%.

The bank has an authorised capital of Tk 5,000 crore and a paid-up capital of Tk 1,991 crore. It reported improvements across key financial indicators, including earnings per share, return on equity, return on assets, profit after tax, and a lower ratio of non-performing loans.