UCB’s profit falls 21pc

United Commercial Bank Ltd's profit declined 21 per cent year-on-year to Tk 67.49 crore in the July-September quarter this year.  

The private commercial lender made a profit of Tk 85.78 crore in the same quarter of 2021.

Thus, consolidated earnings per share were Tk 0.48 in the third quarter of 2022 against Tk 0.61 during the same period of 2021, according to the unaudited financial statements.

UCB's profit also fell in the January-September period of 2022: it was down 10.66 per cent to Tk 188.43 crore from Tk 210.93 crore during the same nine-month period of 2021.

The consolidated EPS was Tk 1.34 in January-September, a decrease from Tk 1.50 a year earlier.

The consolidated net operating cash flow per share was Tk 18.68 in negative in January-September versus Tk 18.31 in negative in January-September of 2021.

The bank's consolidated net asset value per share was Tk 27.84 on September 30 this year and Tk 26.35 on the same day last year.

Shares of UCB were unchanged at Tk 13 on the Dhaka Stock Exchange yesterday.