Banks

First Security Islami Bank made Tk 293cr profit in 2022

S Alam Group loses control over FSIBL

First Security Islami Bank Limited's profit declined 12.18 per cent year-on-year to Tk 293.93 crore in 2022.

The Shariah-based bank made a profit of Tk 334.72 in 2021.

The company reported consolidated earnings per share of Tk 2.81 in 2022 against Tk 3.20 in 2021.

The consolidated net asset value per share improved to Tk 21.32 in the last financial year from Tk 19.45 a year ago, while the consolidated net operating cash flow per share slipped to Tk 4.20 from Tk 5.81 during the period.

The board of directors has recommended a 10 per cent stock dividend for the year that ended on December 31.

First Security Islami Bank's shares traded at Tk 9.80 on the Dhaka Stock Exchange yesterday, unchanged from a day earlier.

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