ICB Islamic Bank suffers losses in January-March quarter

ICB Islamic Bank Limited posted a Tk 10.64 crore loss in the first quarter of 2023.

The loss stood at Tk 8.64 crore in the identical quarter of 2022.

Thus, the bank reported earnings per share of Tk 0.16 negative for the January-March quarter against Tk 0.13, also in negative, for the same three-month period of 2022, according to the un-audited financial statements. 

The net operating cash flow per share improved to Tk 0.27 in January-March against a negative Tk 0.29 in the same quarter a year ago.

The net asset value per share of the bank was Tk 18.67 in negative on March 31 this year against a negative Tk 18.27 on the same day a year earlier.