Union Bank makes Tk 162 crore profit in 2022

Union Bank Limited made a Tk 162.69 crore profit in 2022, slightly up from a year earlier.

The profit stood at Tk 161.66 crore in 2021.

The bank reported earnings per share of Tk 1.57 for 2022. It was Tk 1.56 in 2021.

The net asset value per share fell to Tk 15.82 from Tk 17.91 while the net operating cash flow per share slipped to the negative territory to stand at Tk 13.81 from Tk 9.38 in 2021.

The board of directors of Union Bank has recommended a 5 per cent cash dividend for the year that ended on December 31.