Exim Bank’s profit surges 72% in 2022

Export Import (Exim) Bank of Bangladesh Limited's profit soared more than 72 per cent to Tk 372.02 crore in 2022.

The profit stood at Tk 215.69 crore in 2021.

The bank reported consolidated earnings per share of Tk 2.57 for the last financial year compared to Tk 1.49 in 2021.

"The EPS increased mainly due to a decrease in provision for investments," said the bank in a filing on the Dhaka Stock Exchange today.

Its consolidated net asset value per share improved to Tk 22.02 in 2022 from Tk 21.72 in 2021.

The consolidated net operating cash flow per share (NOCFPS) slipped to the negative territory at Tk 13.20 from a positive Tk 9.37 during the period.

The NOCFPS decreased mainly due to a fall in trading liabilities (borrowings) and a reduction in deposits compared to the previous period, said the filing.

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

Shares of Exim Bank rose 0.96 per cent to Tk 10.50 on the DSE today.