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60 percent of banks listed on the country’s stock market have reported an increase in their profits even in the economic downturn. Banking industry insiders believe that profits would have increased even more if the amount of non-performing loans had decreased and customer confidence in the sector had improved.
Currently, 36 banks are listed on the country's two stock exchanges. Of these, 30 banks have published unaudited financial reports for the second quarter of 2024.
Among them, 18 banks have seen an increase in profits from April to June 2024 compared to the same period in 2023. During the same period, 10 banks experienced a decrease in profits, while two banks reduced their losses. Analysis of the companies' financial reports shows that 60 percent of banks increased their profits in this quarter.
Among the banks with profit growth, Eastern Bank PLC's earnings per share (EPS) in the second quarter of the current year (i.e., from April to June 30) was 1 taka 30 paisa. This was 1 taka in the same period of 2023.
In other words, profits increased by 30 paisa compared to the same period in 2023.
During the same period, Rupali Bank PLC's EPS stood at 45 paisa, which was 42 paisa in the same period last year.
Dhaka Bank PLC's EPS stood at 75 paisa, which was 71 paisa in the same period last year. Mercantile Bank PLC's EPS stood at 1 taka 25 paisa, which was 72 paisa in the same period last year.
Bank Asia PLC's EPS in the second quarter stood at 1 taka 98 paisa, which was 1 taka 81 paisa in the same period last year. Midland Bank PLC's EPS was 33 paisa, which was 8 paisa in the same period last year.
Islami Bank Bangladesh PLC's EPS in the second quarter stood at 1 taka 91 paisa, which was 1 taka 78 paisa in the same period last year. Al-Arafah Islami Bank PLC's EPS stood at 80 paisa, which was 58 paisa in the same period last year.
Premier Bank PLC's EPS in the second quarter stood at 94 paisa, which was 92 paisa in the same period last year. Jamuna Bank PLC's EPS stood at 1 taka 76 paisa, which was 1 taka 51 paisa in the same period last year.
BRAC Bank PLC's EPS in the second quarter was 1 taka 41 paisa, which was 94 paisa in the same period last year. Pubali Bank's EPS in the second quarter was 1 taka 99 paisa, which was 1 taka 38 paisa in the same period last year.
Social Islami Bank PLC (SIBL)'s EPS in the second quarter stood at 34 paisa, which was 32 paisa in the same period last year. Union Bank's EPS was 55 paisa, which was 48 paisa in the same period last year.
Global Islami Bank PLC's EPS in the second quarter stood at 16 paisa, which was 12 paisa in the same period last year. Prime Bank PLC's EPS in the second quarter was 1 taka 58 paisa, which was 1.01 taka in the same period of 2023.
Among the banks with decreased profits, Trust Bank Limited's EPS in the second quarter stood at 1 taka 27 paisa, which was 1 taka 32 paisa in the same period last year.
First Security Islami Bank PLC's EPS was 46 paisa, which was 71 paisa in the same period last year. AB Bank PLC's EPS was 04 paisa, which was 31 paisa in the same period last year.
National Credit and Commerce Bank (NCC Bank)'s EPS in the second quarter was 52 paisa, which was 76 paisa in the same period last year. Southeast Bank PLC's EPS was 23 paisa, which was 30 paisa in the same period last year.
IFIC Bank PLC's EPS in the second quarter was 12 paisa, which was 24 paisa in the same period last year. Dutch-Bangla Bank PLC (DBBL)'s EPS in the second quarter was 86 paisa, which was 1 taka 31 paisa in the same period last year.
EXIM Bank PLC's EPS was 90 paisa, which was 1 taka 07 paisa in the same period last year. Mutual Trust Bank PLC (MTB)'s EPS was 38 paisa, which was 41 paisa in the same period last year.
Among the two banks that reduced their losses, National Bank PLC (NBL)'s loss per share in the second quarter was 93 paisa, which was 98 paisa in the same period last year.
Additionally, ICB Islamic Bank Limited's loss per share in the second quarter stood at 22 paisa, which was 23 paisa in the same period last year.
Messenger/Fameema
