Premier Bank posts whopping profit in January-September

The Premier Bank Limited, a publicly traded private commercial bank, posted a whopping profit in the first nine months (January-September) of the year 2022.

Two other listed banks — Jamuna Bank Limited and Dutch-Bangla Bank Limited — also recorded a slight increase in their net profits for the same period on a year-on-year basis, according to separate filings posted on the website of the Dhaka Stock Exchange (DSE) on Wednesday.

According to the unaudited financial statement, Premier Bank’s consolidated earnings per share (EPS) jumped by 25 per cent to Tk 2.54 for January-September of 2022 versus Tk 2.03 for the same period of the last year.

The bank’s consolidated EPS stood at Tk 1.00 for the third quarter (July-September) this year against Tk 0.59 for the Q3 of 2021. 

Its consolidated net operating cash flow per share (NOCFPS) stood at Tk 6.76 for January-September this year against negative Tk 2.58 for the same period of 2021.

The private commercial bank’s consolidated net asset value (NAV) per share stood at Tk 20.84 till September 2022 which was Tk 18.71 at the end of September of 2021. 

On the other hand, the profit of Dutch-Bangla Bank slightly rose by 1 per cent in January-September this year.

The lender’s earnings per share (EPS) stood at Tk 5.75 for the first nine months of 2022 against Tk 5.68 for the same period of the last year.

Its EPS stood at Tk 2.58 for the third quarter (July-September) this year against Tk 2.44 for the Q3 last year.

The bank’s NOCFPS stood at Tk 22.43 for January-September of 2022 compared to Tk 7.62 for the same period of 2021.

Its NAV per share reached Tk 57.26 till September 2022 compared to Tk 50.76 at the end of September of 2021. 

Another publicly traded bank— Jamuna Bank’s profit grew by 5 per cent in the first nine months this year. 

The bank posted a consolidated EPS of Tk 4.06 for January-September this year against Tk 3.87 for the same period of the last year. Its consolidated EPS stood at Tk 1.02 for the third quarter of 2022 against Tk 1.23 for the third quarter of 2021.

Jamuna Bank’s consolidated NOCFPS stood at Tk 17.56 for the first nine months this year against negative Tk 4.89 for the same period of 2021.

Its consolidated NAV per share stood at Tk 28.93 as on September 2022 which was 32.75 the end of September of 2021. The bank said its net operating cash flow per share increased year-on-year mainly due to an increase in deposit from clients.