BANGLADESH

Brac Bank Limited has decided to raise its authorised capital from Tk 4.8 billion to Tk 12 billion.

The Board of Directors of the bank took the decision on Tuesday, according to the Dhaka Stock Exchange (DSE) website.

The bank's paid-up capital amounts to Tk 3.21 billion, reserve Tk 4.56 billion and market capital Tk 15.14 billion.

The bank collected Tk 300 million by offloading three million bonds in 2010.

Its profit after tax from January to June this year was Tk 740 million, which was Tk 650 million in the same period last year.