BRAC Bank Ltd

Earnings Disclosure

Program H1’20

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.

2

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, businesses

and performance of the Company and its subsidiaries and the other matters described in this document. Generally, words such as ‘‘may’’,

‘‘could’’, ‘‘will’’, ‘‘expect’’, ‘‘intend’’, ‘‘estimate’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘plan’’, ‘‘seek’’, ‘‘continue’’ or similar expressions are intended to

identify forward looking statements.

Forward looking statements involve inherent risks and uncertainties. They are not guarantees of future performance and actual results could

differ materially from those contained in the forward looking statements. Recipients should not place reliance on, and are cautioned about relying

on, any forward looking statements. Forward looking statements are based on current views, estimates and assumptions and involve known and

unknown risks, uncertainties and other factors, many of which are outside the control of the Group and are difficult to predict. Such risks, factors

and uncertainties may cause actual results to differ materially from any future results or developments expressed or implied from the forward-

looking statements.

No statement in this document is intended to be a profit forecast or to imply that the earnings of BRAC Bank Ltd. and/or its subsidiaries for the

current year or future years will necessarily match or exceed the historical or published earnings of the Company and/or its subsidiaries. Each

forward looking statement speaks only as of the date of the particular statement. Except as required by any applicable law or regulations, the

BRAC Bank Ltd. expressly disclaims any obligation or undertaking to release publicly or make any updates or revisions to any forward looking

statement contained herein whether as a result of new information, future events or otherwise.

Important notice

Nothing in this document shall constitute, in any jurisdiction, an offer or solicitation to sell or purchase any securities or other financial

instruments, nor shall it constitute a recommendation or advice in respect of any securities or other financial instruments or any other matter.

3

Table of Contents

SL No Content Page No

1 Economic Outlook and Market Update 5

2 SME 9

3 Retail 15

4 Corporate 19

5 Treasury and FI 22

6 Risk Management 24

7 Alternative Banking Channel 26

8 Digital Initiatives 29

9 Financial Performance H’1-2020 31

10 Outlook H2’20 47

11 Q&A 48

12 Appendix 49

4

Pandemic Situation

5

Note: Data has been updated till August 06, 2020

Crossed the First Peak:

Daily New Cases Going Down

The Daily New Recovery No.

Knocking the Daily New Case No.

One of the Lowest Fatality Rate

among the Top Infected Countries

Society normalizing quickly

Economic Outlook

6 Life-Livelihood balance paying off, Macro Fundamentals comfortable

Highlights on Recent Macro Economy

7

Remittance Inflow Breaks

all Records in July 2020

Reserves Hit Record High

despite the Economic Fallout

Triggered by the

COVID-19 Pandemic

Exports Stage Comeback

July export: the highest-ever earnings

in a single month

China's recent tariff exemption

creates opportunity

Encouraging signs of economic recovery

Economic Outlook and Market Update

8

Economy

• Satisfactory growth forecast for FY 2020 - 21 (IMF: 5.7%, ADB: 7.5% and GoB: 8.2%)

• USD 12 Bn equivalent to 3.7% of GDP Stimulus Package announced

• BoP favorable, lower Oil and Cotton price will further support positive trends

• Inflation Rate expected to ease in H2

Market

• Accommodative and expansionary Monetary Policy, Very liquid Money Market

• Fx reserves $37+ Bn, USD liquidity comfortable, BB buying USD to avoid BDT appreciation

• Repo rate 50bps to 4.5%; Reverse Repo rate 75bps to 4.0% and Bank rate 100bps to 4%

• OBU CRR 200bps to 2.0%

• GSec Yield contracted significantly on the back of high demand

• General Loan moratorium offered till Sep’20

SME

H1’20 Business Highlights

10

SME: Rapid Survey Finding: May-June

Survey

Date

Businesses

Open Partially

Open Closed

27-Jun-20 64% 32% 4%

17-May-20 23% 41% 36%

9-Apr-20 33% N/A 67%

56%

41% 37.20%

27-Jun17-May9-Apr

Employee Presence

56%

47%

54%

27-Jun-2017-May-209-Apr-20

Sales % of Open Businesses

Cash Flow Status 27-Jun-20 17-May-20 9-Apr-20

SMEs able to Collect

Receivables 69% 23% 15%

Affordability up to 1

Month at Least 95% 85% 82%

Segments

Reviving Steadily

Pharmacy & Healthcare

Agriculture & Farming

Agro Processing

Consumer Goods &

Grocery

Segments

Reviving Slowly

RMG & Clothing

Furniture & Home Décor

Leather & Footwear

20% SMEs only, has a stable value chain,

80% SMEs experiencing volatility in Supply, Demand & Prices

SME

CUSTOMERS

• 20K New Customers (which was only 8.5K in H1’19)– 127% growth compared to H1’19

• Customer number stands at 3.85 lakh (1.46 lakh lending customers)

ASSETS

• Assets grew by BDT 211 Cr (88% from Small Business) - 64% lower than H1’19 due to pandemic

• Resumed lending in selected sectors from Jun’20 -

Disbursed BDT 365 Crore to 2,900 customers.

Disbursement started form Govt. Stimulus Packages – CMSME, Agriculture & MFI.

DEPOSITS

• Deposit grew by BDT 222 Cr – 30% higher than H1’19

• Improved CASA:TD Mix – 58:42 (H1’20) which was 40:60 (H1’19)

TRADE BUSINESS

• Trade volume impacted by the pandemic but still did trade deals of BDT 271 Cr 12% higher than H1’19

PORTFOLIO QUALITY

• Customer loan repayment started from Jun’20 – 47,151 customers (40% of moratorium) paid BDT 291Cr

• PAR 3.5% and NPL 3.2% (with moratorium)

• Loan Recovery also resumed – In Jun’20 recovery amount was BDT 4.5 Crore

• Early Warning System

REGULATOR’S SUPPORT

• Extension of Moratorium up to Sep’20

• Further relaxation of Classification for Cottage, Micro & Small segments

• Credit Guarantee Scheme launched for CMSME Stimulus Package

SME - Contd.

CUSTOMERS

• Grow the number of New to Bank Customers - Focus on Small Business & New Deposit

ASSETS

• Substantially Grow in Small Business Segment - this segment is showing signs of faster recovery

• Increase Staff Productivity – Incremental Business with same headcount

• Improve Efficiency - Digitize segments of lending operation

• Roll-out Scorecards - standardized & automated credit decisions fast

• Lending through partnerships – FinTech, E-Commerce Platforms, Telco.

H2’20 Priorities - SME

DEPOSITS

• Accelerate the Growth Momentum

• Further improve CASA:TD Mix to 60:40

TRADE BUSINESS

• Accelerate the Growth Momentum– only source of fee income

PORTFOLIO QUALITY

• Enhanced Risk Management - strengthening relationship with customers

• Strengthen the Recovery Team

• Revise Schedule of Charges – Recoup actual costs within regulatory guidelines

• Reduce Operating Costs – Explore all avenues & optimize

Reduce C/I Ratio – Target is to achieve pre-rate cap C/I Ratio by H2’21

H2’20 Priorities - SME

Retail

H1’20 Business Highlights

CUSTOMERS

• YoY 34% - 46K new to bank customer in H1’20 (April & May negligible; revived in June)

• Total TARA customer 93.4K (6.6K new customers in H1’20)

DEPOSITS

• Deposits portfolio BDT 149 Billion; YoY 18% and YTD 6% with 74% CASA Mix

• Savings COD 1%; overall Retail COD 0.40% from FY’19.

• Aggressive marketing for Savings products on Trust, Security & Convenience (Digital mediums)

LOANS & CREDIT CARDS

• Loans portfolio BDT 47 Billion; YoY 4%

• Credit Card outstanding BDT 6.5 Billion; YoY 16%

• Launched Contactless Visa Credit Cards

Retail

16

PORTFOLIO QUALITY

• PAR 14.2% compared to 4.2% last year due to COVID-19 impact

• NPL 8.4% compared to 2.7% last year

• Moratorium offered to 48,164 lending customers (52% availed; 25,241 customers) & extended till Sep’20

ACQUIRING BUSINESS & PARTNERSHIPS:

• YoY Acquiring Business Volume 13% due to COVID-19 impact

• MSF Income YoY 24%

• New Merchants 538; New Discount Partners 33 POS and 27 E-Commerce

REMITTANCE:

• YoY 58% in Remittance Transactions with YoY 28% in NFI - BDT 54 Million

• YoY 64% in BBL Account Credit from Remittance funds - BDT 63 Billion

Retail - Contd.

17

DEPOSITS

• Continue to focus on CASA - grow organic Savings balances

• Revamp Employee Banking propositions with disruptive offers; capture market share with new relationships working

jointly with Corporate Banking team

LOANS & CREDIT CARDS

• Focus on selective CC & PL acquisition on chosen segments with earning stability

COLLECTION & RECOVERY

• Enhanced risk mgt

• Focus on Collections & Recovery with new teams (Retail & Branch sales)

• New KPIs & Incentive Scheme

H2’20 Priorities - Retail

18

Corporate

H1’20 Business Highlights

Corporate

Deposit

• 22.0% YoY growth, portfolio- Tk. 8,932 crore

• CASA focus - YoY CASA:TD ratio 36:64 to 56:44, YoY CoD 2.04%

• Focus on transactional accounts in MFI, MFS, Airlines, Insurance, Power etc.

Cash Management

• Collaboration with MFS for customized collection solution - i.e. Utilities

• Online banking solution doing very well - MNCs, Pharmaceuticals, Insurance companies

• Major Public sector entities are under pipeline

Loans

• 4.0% YoY de-growth in avg. loan balance in line with risk appetite

• Tk. 30.8 cr. reduced from exit portfolio and recovered Tk. 7.1 cr. from previously written off accounts

• 94% of corporate loan portfolio is rated by External Credit Rating agency having positive impact on our CAR

20

H2’20 Priorities - Corporate

Deposits

• Continue transaction banking & CoD focus

• Continue selling online banking aggressively

Loans

• Exploring govt. project financing opportunities & focus on govt. stimulus packages

• Grow portfolio in proven track record accounts and continue support to existing customers under pandemic situation

• Restructure stressed accounts in H2 2020

Portfolio Monitoring

• Monthly monitoring of sales, stock, receivable, collection and Bank liability position

• Portfolio review of major sectors

• Review of account relationship strategy on Quarterly basis, due on Sep-20, Dec-20

21

Treasury & FI

H1’20 Business Highlights

Treasury and FI

23

Large Govt. Securities Position:

• BRAC Bank took large position in GSec ahead of market, expected to get good return

• GSec to Customer Loans Ratio jumps to 27:73 (H1’20) from 15:85 (H1’19)

Large Trading Position:

• Managed large money market trading position at a healthy spread

Liquidity:

• Maintaining very healthy liquidity position; improved funding mix

• Ensured sufficient USD liquidity to avail any opportunity

Credit Rating:

• Only bank to maintain Ba3 rating by Moody’s; best rated by other raters

Risk Management

Risk Management

25

Loan Classification & Provisioning Standard

• Classification : BBL standard is compliant with current BB standard

• Provisioning : BBL standard is conservative, 90% aligned with 2012 BB standard

• Credit Coverage : 123%

• Cost of Credit : 124bps, significantly higher than average of last 4 years (78bps)

Enhanced Risk Mgt

• Revised risk appetite statement

• Enhanced monitoring & early alert system

• Product programs revised

• Monthly monitoring of sales, stock, receivable, collection and Bank liability position

• Portfolio review of major sectors

• Review of account relationship strategy on Quarterly basis, due on Sep-20, Dec-20

Collection & Recovery

• Strengthen Collection & Recovery teams

• New KPIs & Incentive Scheme

• New Process

Alternate Banking Channels

ATM/CDM Internet Banking Agent Banking Call Center

393 ATMs

88 CDMs

144,000 Users 172,000 Calls Served/month

1,618 Enquiry emails

Served/month

350 Outlets

**Cumulative figure as of June 30, 2020

Total AB Outlets 350

Districts Covered 63

Rural 244

Urban 106

30,110 Accounts Loan

Disbursement BDT

225.7 Crore

350 AB Outlets

Distributor

Bill Collection

BDT

103.7 Crore

Total Txn.

BDT 3,455 Crore

Remittance

BDT 29.8 Crore

Deposit

BDT 54 Crore

Loan

Repayment BDT

1,668 Crore

SME 237

Standalone 112 287 25

Agents

Agent Banking

1

ABC H2 - Outlook

28

Agent Banking

• Expand Biometric Enrollment for Branch customers

• Expand Corporate Distributor Bill Collection Network

ATMs & CDMs

• Optimization of ATM and CDM Service Centers

• Integration with new payment scheme.

Call Center

• Enhance IVR Capabilities by introducing new self support features.

• Introduce e-services

Internet Banking

• Registration & payment solution for solo Credit Card Holders

• New Deposit acquisition initiatives

Digital Initiatives

Digital Initiatives

Projects

• Key projects are on track despite on going COVID-19 Pandemic obstacles

• Number of projects completed and operational in H1’20 (Unified Comms, Debit Card and Collection System)

Activation

• Significant growth in Internet Banking (IB) new customer enrollment, activations and transactions volume

• ATM channel attracted new customers during the Pandemic situation, handling 20% more volume

• Call Center used significant number of outbound agents to activate customers into digital channel

Customer Experience

• Alternative Banking Channel (IB, ATM) transaction limit enhanced

• Enhanced product and services to move customer digitally

30

Financials

H1’20

Performance (Solo)– H1-2020

Total Revenue

H1 2020 : 970

H1 2019 : 1,050

-8% PAT

FY’17 - BDT 550 Cr

FY’16 - BDT 408 Cr

FY’17 : BDT 21,693 Cr

FY’16 - BDT 18,148 Cr

20%

FY’17 : BDT 20,343 Cr

FY’16 : BDT 17,584 Cr

17% Customer Deposit (EOP)

H1 2020 : 27,978

H1 2019 :23,569

19% Loan (E0P)

H1 2020 : 25,936

H1 2019 : 25,124

3%

PAT

H1 2020 : 152

H1 2019 : 252

-40%

EPS H1 2020 : 1.23

H1 2019 : 2.05

ROA H1 2020 : 0.80%

H1 2019 : 1.53%

ROE H1 2020 : 7.76%

H1 2019 : 14.51%

CIR H1 2020 : 64%

H1 2019 : 54%

CRAR H1 2020 : 14.74%

H1 2019 : 15.05%

NPL Coverage* H1 2020 :3.8 %, 123%

H1 2019 :3.7 %, 107%

BDT’ Cr (10 Mio.)

NAV H1 2020 : 31.95

H1 2019 : 29.24

Spread H1 2020 : 4.9%

H1 2019 : 6.0 %

32

*NPL Coverage (Excl. GP) : 88% (H1 2019: 70%)

Performance (Conso) – H1-2020

Total Revenue

H1 2020 : 1,304

H1 2019 : 1,448

-10% PAT

FY’17 - BDT 550 Cr

FY’16 - BDT 408 Cr

FY’17 : BDT 21,693 Cr

FY’16 - BDT 18,148 Cr

20%

FY’17 : BDT 20,343 Cr

FY’16 : BDT 17,584 Cr

17% Deposit (EOP)

H1 2020 : 33,112

H1 2019 : 27,333

21% Loan (E0P)

H1 2020 : 26,018

H1 2019 : 25,199

3%

PAT

H1 2020 : 95

H1 2019 : 248

-62%

EPS (BDT)

H1 2020 : 0.95

H1 2019 : 2.02

ROA

H1 2020 : 0.54%

H1 2019 : 1.37%

ROE

H1 2020 : 5.73%

H1 2019 : 13.88%

CIR

H1 2020 : 77%

H1 2019 : 66%

CRAR

H1 2020 : 15.30%

H1 2019 : 16.81%

NAV (BDT)

H1 2020 : 32.22

H1 2019 : 30.61

BDT’ Cr (10 Mio.)

33

Consolidated PAT – by Entity

Consolidated -62% and Solo -40%

Subsidiary/Associate

YTD 2020 YTD 2019 ∆

PAT BBL’s Share

in PAT PAT

BBL’s Share

in PAT PAT

BBL’s Share

in PAT

BRAC EPL Investments Limited (13) (13) (4) (4) (9) (9)

BRAC EPL Stock Brokerage Limited (7) (6) 6 6 (13) (12)

BRAC SAAJAN Exchange Limited (1) (1) 1 1 (2) (2)

b-Kash Limited (36) (15) (3) (1) (32) (13)

Sub-Total (57) (35) (1) 1 (56) (36)

BRAC Bank Ltd 152 152 252 252 (100) (100)

Share of profit/(loss) of associates - - (4) (4) 4 4

Gain/(loss) on disposal of associates - - 1 1 (1) (1)

Intercompany - - - - - -

Conso PAT 95 117 248 249 (153) (132)

Contribution from Subsidiary in CONSO PAT -60% -30% -0.2% 0.2%

BDT’ Cr (10 Mio.)

Financial Results: Income Statement (SOLO)

35

BDT’ Cr (10 Mio.)

Particulars H1 2020 H1 2019 Δ Amount Δ %

Net Interest Income 605 769 (164) -21%

Other Operating Income 365 281 84 30%

Total Revenue 970 1,050 (80) -8%

Staff Cost 320 265 55 21%

Operating Cost 298 299 (1) 0%

Total Expenditure 618 564 54 10%

Operating Profit 352 486 (134) -28%

General Provision (9) 1 (10) -923%

Specific Provision 149 77 73 95%

Write off recovery (25) (38) 13 -35%

Capital Market Provision 8 24 (16) -

Net Debt Charge 125 65 60 92%

Profit Before Tax 227 421 (194) -46%

Tax Charges 75 169 (94) -56%

Profit After Tax 152 252 (100) -40%

36

Subsidiary Financials - bKash Limited

Particulars H1 2020 H1 2019 ΔAmount % Δ

Gross Revenue 1,213 1,272 (59) -5%

VAT 143 147 (4) -3%

Net Revenue 1,070 1,125 (55) -5%

Cost of Services 806 837 (31) -4%

Gross Profit 264 288 (24) -8%

Interest Income 32 43 (11) -26%

Net Income 296 331 (35) -11%

Commercial 54 107 (53) -50%

Marketing 34 34 - 0%

Other Expenses 240 186 54 29%

Total Operating Expenses 329 326 3 1%

Operating Profit (32) 5 (37) -740%

Donor Grant and WPPF 0 0 - -

Comprehensive Income (Before Tax) (32) 5 (37) -740%

Total Tax Expense/(Income) 3 8 (5) -63%

Profit After Tax (36) (3) (33) 1100%

BDT’ Cr (10 Mio.)

Financial Results: Income Statement (CONSO)

BDT’ Cr (10 Mio.)

Particulars H1 2020 H1 2019 Δ Amount Δ %

Net Interest Income 752 905 (153) -17%

Other Operating Income 552 543 9 2%

Total Revenue 1,304 1,448 (144) -10%

Staff Cost 464 377 87 23%

Operating Cost 540 574 (34) -6%

Total Expenditure 1,004 951 53 6%

Operating Profit 300 497 (197) -40%

Profit/(loss) control of subsidiaries 0 -4 4 -100%

Gain/(loss) on disposal/loss of control

of subsidiaries 0 1 (1) -100%

Net Debt Charge 125 65 60 92%

Profit Before Tax 175 429 (254) -59%

Tax Charges 80 181 (101) -56%

Profit After Tax 95 248 (153) -62% 37

+ 2

,00

9

+ 3

,89

9

Customer Deposits (EoP)

BBL SME Retail Corporate

CAGR 21% 17% 19% 22%

(BDT’ Billion)

+ 4

17

H1’20 growth driven by Retail & Corporate 38

19

24

28

19%

3

3

4

H1 2018 H1 2019 H1 2020

16%

11

13

15

H1 2018 H1 2019 H1 2020

18%

6

7

9

H1 2018 H1 2019 H1 2020

22%

+ 1

08

+ 8

92

Loans & Advances (EoP)

BBL SME Retail Corporate

CAGR 9% 21% 7% -1%

+ 3

,98

1

+ 1

,32

1

+ 4

41

39

22

25 26

H1 2018 H1 2019 H1 2020

3%

8

11

12

H1 2018 H1 2019 H1 2020

36%

4

4 5

H1 2018 H1 2019 H1 2020

6%

10 10

10

H1 2018 H1 2019 H1 2020

-4%

(BDT’ Billion)

%

13.70%

12.10%

11.00% 10.60%

10.94% 11.26%

12.02%

8.62%

5.80%

4.70%

3.90% 3.80%

4.82% 5.31% 5.15%

4.26%

7.90% 7.40% 7.10% 6.80%

6.12% 5.95%

6.87%

4.36%

2014 2015 2016 2017 2018 2019 Q1'2020 Q2'2020 Q3'2020 Q4'2020

YOA COD (Pan Bank) Spread

15

Pan Bank Spread

AD Position 41

82.8% 80.5% 78.8%

82.0% 80.2% 80.4% 82.2% 83.0% 83.2% 83.7% 81.2% 81.0%

75.4%

Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20

Asset Quality

(30 day portfolio at risk)

BBL

42

SME Retail Corporate

BDT’ Cr (10 Mio.)

1,114 1,332

1,938

H1 2018 H1 2019 H1 2020

5.1% 5.3%

7.5%

364 400 494

H1 2018 H1 2019 H1 2020

4.6% 3.7%

4.2%

174 171

634

H1 2018 H1 2019 H1 2020

4.3% 3.9%

13.5%

576 760 811

H1 2018 H1 2019 H1 2020

5.9% 7.7%

8.5%

New initiative to maintain Portfolio Quality put in place

Asset Quality

(Non performing loans)

BBL

43

SME Retail Corporate

(As per BB Covid)

719

919 985

H1 2018 H1 2019 H1 2020

3.3% 3.7% 3.8%

271 275 326

H1 2018 H1 2019 H1 2020

3.4%

2.5% 2.8%

101 97 99

H1 2018 H1 2019 H1 2020

2.5% 2.2% 2.1%

347

547 560

H1 2018 H1 2019 H1 2020

3.6% 5.5% 5.9%

BDT’ Cr (10 Mio.)

New initiative to maintain Portfolio Quality put in place

Asset Quality

(Non performing loans)

BBL

44

SME Retail Corporate

BDT’ Cr (10 Mio.) (As per BB without Covid)

719

919

1,322

H1 2018 H1 2019 H1 2020

3.3% 3.7%

5.1%

271 275

414

H1 2018 H1 2019 H1 2020

3.4%

2.5%

3.5%

101 97 133

H1 2018 H1 2019 H1 2020

2.5% 2.2%

2.8%

347

547

776

H1 2018 H1 2019 H1 2020

3.6% 5.5%

8.1%

New initiative to maintain Portfolio Quality put in place

Customer Asset Distribution (EoP)

45

7,936 ,

36%

4,083 ,

19%

9,701 ,

45%

H1 2018

10,780 ,

43%

4,442 ,

18%

9,902 ,

39%

H1 2019

SME Retail Corporate

11,705 ,

45%

4,707 ,

18%

9,526 ,

37%

H1 2020 BDT’ Cr (10 Mio.)

Continued focus on SME

Customer Deposits Distribution (EoP)

46 Retail Deposit is growing as per our strategy

2,973 ,

15%

10,533

, 54%

6,034 ,

31%

H1 2018

3,494 ,

15%

12,724

, 54%

7,350 ,

31%

H1 2019

SME Retail Corporate

4,043 ,

14%

15,003 ,

54%

8,932 ,

32%

H1 2020 BDT’ Cr (10 Mio.)

Outlook- H2’20

Environment

• 9% lending cap

• Regulatory reform

• GoB & BB Stimulus package

• Accommodative monetary policy

Business Strategy

47

Q & A

APPENDIX

Number of Customers

50

Subsidiary Financials – BRAC EPSL BDT’ Cr

Particulars H1'20 H1'19 Δ Amount % Δ

Net Interest Income 1.1 1.4 (0.3) -20%

Other income/Commission 8.4 27.3 (18.9) -69%

Total Revenue 9.5 28.6 (19.1) -67%

Staff Cost 6.4 7.3 (0.9) -13%

Other operating expenses 8.3 10.9 (2.7) -24%

Total Expenditure 14.6 18.2 (3.6) -20%

Operating Profit (5.1) 10.4 (15.6) -149%

Total Provision - - - -

Profit before Tax (5.1) 10.4 (15.6) -149%

Provision for Tax 1.6 4.3 (2.7) -62%

Profit after Tax (6.8) 6.1 (12.9) -211%

Subsidiary Financials - BRAC Saajan BDT’ Cr

Particulars H1'20 H1'19 Δ Amount % Δ

Net Interest Income (0.6) (0.8) 0.21 -25%

Other income/Commission 39.6 40.1 (0.5) -1%

Total Revenue 39.0 39.3 (0.3) -1%

Staff Cost 7.4 8.0 (0.6) -7%

Other operating expenses 32.5 29.8 2.7 9%

Total Expenditure 39.9 37.8 2.2 6%

Operating Profit (1.0) 1.5 (2.5) -167%

Total Provision 0.2 0.2 0.0 -

Profit before Tax (1.2) 1.3 (2.5) -195%

Provision for Tax - 0.3 (0.27) -100%

Profit after Tax (1.2) 1.0 (2.2) -219%

Subsidiary Financials – BRAC EPIL BDT’ Cr

Particulars H1'20 H1'19 Δ Amount % Δ

Net Interest Income (6.4) (5.8) (0.6) 10%

Other income/Commission (4.0) 4.7 (8.8) -186%

Total Revenue (10.4) (1.1) (9.3) 872%

Staff Cost 1.4 1.6 (0.1) -9%

Other operating expenses 1.4 1.6 (0.17) -11%

Total Expenditure 2.9 3.2 (0.3) -10%

Operating Profit (13.3) (4.2) (9.0) 213%

Total Provision - - - -

Profit before Tax (13.3) (4.2) (9.0) 213%

Provision for Tax 0.06 0.1 0.01 10%

Profit after Tax (13.3) (4.3) (9.0) 211%