BRAC Bank has made history by becoming the first bank in Bangladesh to surpass the $1 billion market capitalisation mark, joining an exclusive group of firms in the Dhaka Stock Exchange (DSE) with a valuation exceeding a billion dollars.
As of last week, BRAC Bank’s market capitalisation stood at Tk 13,698 crore, placing it among the six billion-dollar firms in the market.
With this achievement, BRAC Bank has become the sixth-largest listed firm in Bangladesh, following Grameenphone, Square Pharmaceuticals, British American Tobacco, Robi, and Walton Hi-Tech, all of which are valued over a billion dollars.
The bank’s stock price has surged by 50% in the past 32 trading days, significantly outperforming the broad-based DSEX index.
The surge in BRAC Bank’s stock price, reaching Tk 63.70 per share, reflects growing investor confidence in the bank’s business performance and long-term prospects, according to analysts.
The remarkable stock market performance reflects the bank’s significant growth in its business, they added.
Over the past year, the bank has recorded a 40% increase in deposits, with total deposits rising from Tk 62,000 crore in March 2024 to Tk 87,000 crore by March 2025.
This growth is largely attributed to customers shifting their funds from weaker banks to BRAC Bank, which has established itself as a safe and trusted banking option in the current financial climate, said analysts.
A substantial portion of these deposits has been invested in government bonds, with the bank achieving an average return of around 12%.
Analysts note that the recent sharp drop in treasury instruments’ interest rates is expected to allow the bank to register significant capital gains on its invested treasury bonds.
BRAC Bank’s investment in government bonds grew from Tk 15,000 crore in March 2024 to Tk 34,000 crore in March 2025, further strengthening its asset base and capacity to generate attractive returns for its stakeholders, according to Sajib Hossain, Associate Professor of Finance at the University of Dhaka.
BRAC Bank’s entry into the billion-dollar club is a significant milestone, reflecting its strong governance, consistent financial performance, and commitment to long-term value creation, said the bank in a statement.
The bank’s Managing Director and CEO (Current Charge) Tareq Refat Ullah Khan said, “We are extremely proud to become the first and only bank in Bangladesh to cross USD 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 added.
The bank’s diverse ownership structure—46.17% of shares held by sponsors and directors, and 33.79% owned by foreign investors—has played a crucial role in maintaining investor confidence and promoting sustainable growth.
As Bangladesh’s largest commercial bank outside of government-owned ones, BRAC Bank continues to lead the industry growth with its sound financial management and its commitment to innovative solutions, such as bKash, its mobile payment platform that leads the market.