Home ›› 26 Jul 2021 ›› Stock
Prime Bank, one of the country’s leading commercial banks, has scored almost 3 times higher profit for the first half of 2021.
It gained around Tk 205 crore for January-June 2021, which was Tk 63 crore for the same period last year.
The bank’s consolidated EPS was Tk 1.81 for January-June 2021 and increased by 229 per cent as against Tk 0.55 for January-June 2020.
Tanjil Chowdhury Chairman of Prime Bank told The Business Post that income from interest increased the bank’s income. The bank has also cut down on its expenses, he said.
Meanwhile, Mercantile Bank gained Tk 209 crore profit for January- June of 2021, which is 106 per cent higher than the same period last year.
The consolidated EPS of the bank was Tk 2.02 for January-June 2021 and increased by 108 per cent as against Tk 0.97 for January-June 2020.
Meanwhile, the bank’s consolidated NOCFPS (net operating cash flow per share) was Tk 8.93 for January-June 2021 as against Tk 3.05 for January-June 2020. NOCFPS has increased due to increase of customer deposit.
The City Bank also recorded almost double profit after tax for the first half 2021. Net profit of the bank stood at Tk 220 crore for Jan-June 2021, which was 107 for the same period of last year.
