Dutch-Bangla Bank clocks Tk 125 crore profit in January-March

Dutch-Bangla Bank Ltd posted an 11.80 per cent year-on-year increase in profit to Tk 125.24 crore in the first quarter of the current financial year.

The private commercial lender made a Tk 112.02 crore profit in January-March of 2022.

So, the earnings per share rose to Tk 1.80 in the first quarter of 2023 against Tk 1.61 in the same quarter of 2022, the unaudited financial statements showed.

The net operating cash flow per share surged to Tk 5.03 from Tk 1.65. The main reason for the spike in the NOCFPS was the rise in deposits and the recovery of loans and advances, said the bank in a post on the Dhaka Stock Exchange.

The net asset value per share improved to Tk 61.65 on March 31 from Tk 59.85 on December 31.