Dutch-Bangla Bank’s profit drops 23% in Apr-Jun

Profits of Dutch-Bangla Bank dropped 23 percent year-on-year in the April to June period of 2023.

The earnings per share (EPS) of the lender was Tk 1.54 in the second quarter of 2023, down from Tk 2.02 in the same period the previous year.

Though the profit of the company dropped, its share price remained unchanged at Tk 59.1 today at the Dhaka Stock Exchange (DSE).

Due to the drop in profit in the second quarter, the bank's profit fell in the first half of 2023.

Its EPS stood at Tk 3.21 in January to June period of 2023, down from Tk 3.33 in the same period of 2022.

The lender provided 17.5 percent cash dividend and 7.5 percent stock dividends to its shareholders for 2022.

Sponsors of the A category stock hold 86.9 percent shares, institutional investors 5.83 percent and the rest by the general investors.