EBL’s profit declines nearly 10% in Q1

Eastern Bank Ltd posted Tk 107.31 crore profit in the first quarter of the current financial year, a decrease of 9.9 per cent year-on-year.

Its profit stood at Tk 119.11 crore in January-March of 2022.

So, the private commercial bank reported consolidated earnings per share of Tk 1 for January-March of 2023 against Tk 1.11 in the identical quarter of 2022, its unaudited financial statements showed.

The consolidated net operating cash flow per share returned to the positive territory at Tk 0.19 from a negative Tk 4.76.

The NOCFPS increased significantly due to the net purchase of a low volume of trading securities, mostly treasury bills and bonds, and a lesser decrease in other assets, said EBL in a post on the Dhaka Stock Exchange.

The bank's consolidated net asset value per share rose to Tk 34.29 on March 31 this year from Tk 30.94 on the same day last year.