NRBC Bank PLC

The bank is facing significant financial pressure due to rising non-performing loans, which led to higher provisioning and a decision to skip dividend payments for 2025.

NRBC Bank PLC (NRB Commercial Bank) is a separate entity from NRB Bank PLC despite both being fourth-generation NRB-sponsored lenders incorporated in 2013; DSE tickers are NRBCBANK vs NRBBANK. Incorporation date 20 February 2013 per EMIS and bracepl.com IPO note; banking operations commenced 04 August 2013. Paid-up capital BDT 8,286.50 million confirmed by DSE company page (828,649,534 shares × BDT 10 face value); authorized capital BDT 10,000 million from EMIS and NRBC Bank IPO note. FY2024 balance sheet (total assets BDT 232,664M, deposits BDT 147,300M, gross loans BDT 160,176M, equity BDT 13,710M) from stockanalysis.com citing Dec 31, 2024 data. NRBC Bank deposits at end-Sep 2024 were BDT 18,424 crore = BDT 184,240M per Q3 2024 announcement — the Dec 31, 2024 deposits figure of BDT 147,300M (from stockanalysis.com) appears lower than the Sep 2024 figure, suggesting either a reclassification, reporting basis difference (standalone vs consolidated), or a real deposit outflow in Q4 2024; this discrepancy is flagged. NPL ratio: SimplyWallSt shows 25.5% labeled 'most recent' which may post-date Dec 31, 2024 (potentially Q1 2025 reclassification); the chairman's public statement (May 2025) referred to 'classified loans currently at around 5%' for 2023 data but the FY2024 position deteriorated significantly. The 25.5% figure is used here but caveat: this may reflect Q1/Q2 2025 new classification standards rather than FY2024 audited position. The FY2024 audited NPL per the annual report PDF was binary-encoded and could not be directly extracted. Net profit BDT 71.35 million (EPS 0.09 BDT, NAV 16.55 BDT) from DSE company page and stockanalysis.com; represents a 96.4% YoY collapse. Capital shortfall BDT 315.91 crore as of June 2025 from Dhaka Tribune. Reserve shortfall BDT 9.43B end-2024 from Bonikbarta. MD/CEO Dr. Md Touhidul Alam Khan effective May 5, 2025 from official NRBC press release. Chairman Md. Ali Hossain Prodhania since March 12, 2025 from official board page. CRISL is the rating agency confirmed from credit_ratings page (image-only content; specific long-term grade not extractable without image processing); rating_long_term and rating_as_of set to null as a result. Verification status partial: NPL figure is secondary (SimplyWallSt), CAR not confirmed, CRISL rating grade not text-readable from primary source, deposit figure discrepancy between Q3 and year-end unresolved.