Rupali Bank earnings soar 23% in Q1

Rupali Bank Limited has reported a 23 per cent rise in its earnings for the first quarter (January-March) of the year 2022.

Its consolidated earnings per share (EPS) rose to Tk 0.21 in the January-March period from Tk 0.17 recorded in the same period a year ago, the company said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

Its consolidated net operating cash flow per share (NOCFPS) was Tk 3.88 from January-March 2022. It was negative Tk 1.18 during the same period of the previous year.

The consolidated net asset value (NAV) of the company per share was Tk 39.15 as of March 31, 2022, and Tk 37.88 as of December 31, 2021.

During the first quarter, the company has also informed that NOCFPS has increased due to an increase in deposits, loans, and advances, borrowing from other banks and financial institutions.

Rupali Bank’s share price rose 1.13 per cent to Tk 26.90 on the DSE, in the trade on Tuesday.