Bank Asia makes Tk 305 crore profit in 2022

Bank Asia Ltd posted a 12 per cent year-on-year increase in profit to Tk 305.47 crore in the financial year that ended on December 31.

The profit stood at Tk 272.82 crore in 2021.

Thus, the private commercial bank reported consolidated earnings per share of Tk 2.62 in 2022 compared to Tk 2.34 in 2021.

The consolidated net asset value per share of Bank Asia rose to Tk 24.41 last financial year from Tk 23.33 in 2021 while the consolidated net operating cash flow per share slipped to Tk 13.82 from Tk 15.23 during the period.

The board of directors has recommended a 15 per cent cash dividend for 2022.