Mercantile Bank posts slightly higher profit in second quarter

Mercantile Bank Ltd reported a slightly higher profit in the second quarter of 2022.

The consolidated earnings per share of the private commercial bank rose 3 per cent year-on-year to Tk 1.36 from April to June. It was Tk 1.32 in the same quarter last year, according to its unaudited financial statements.

In the first half of this year, the consolidated EPS, however, went up by 15 per cent to Tk 2.22 compared to Tk 1.93 during the January-June period of 2021.

Consolidated net operating cash flow was Tk 8.18 per share, down from Tk 8.93 registered during the first half of 2021, while consolidated net asset value stood at Tk 23.81 on June 30 this year and Tk 23.91 on December 31.