Three banks post higher profits

Three private banks posted higher earnings for the January-March quarter compared to the same period a year ago with NRB Commercial Bank registering the highest growth in profits.

The newly listed private bank's earnings per share shot up 54 per cent year-on-year to Tk 0.44 from Tk 0.28 during the January-March quarter of 2020.

Stocks of NRB Commercial rose 10 per cent to Tk 30.8 at the Dhaka Stock Exchange (DSE) while shares of Dutch-Bangla Bank Limited (DBBL), one of the largest banks in terms of deposits, fell even though the lender posted higher unaudited earnings for the January-March quarter.

DBBL's earnings per share posted 20 per cent growth year-on-year to stand at Tk 1.65 for the period.  

The lender closed at nearly two per cent lower at Tk 59 yesterday. Exim Bank fell seven per cent from the previous day's closing value to hit Tk 11.9. The bank said its profits grew 25 per cent to Tk 0.05 per share in the January-March period this year compared to a year ago.

DSEX, the benchmark index of the DSE, fell 25.47 points, or 0.4 per cent, to 5,788. The bourse's turnover, another important indicator of the market, slumped 10 per cent to Tk 1,486 crore.

Of the securities traded at the DSE, 110 advanced, 188 declined, and 64 remained unchanged.

Similarly, the key index of the Chattogram Stock Exchange fell by 79.71 points.



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