NRBC Bank profit jumps 27% in Q1

NRB Commercial (NRBC) Bank Limited made an impressive 27 percent growth in its net profit in the first quarter of the year 2023.

The listed bank’s net profit increased to Tk 80.88 crore in the January-March quarter of 2023 from Tk 63.43 crore in the same quarter last year, company officials with familiar of the update said.

The bank’s consolidated earnings per share (EPS) surged from Tk 0.80 for the first quarter of 2022 to Tk 1.02 for Q1 of 2023. Besides, the bank’s consolidated net asset value (NAV) per share stood at Tk. 17.78 as on March 2023, which was Tk 16.73 till December 31, 2022.

The private commercial bank’s solo basis EPS for three months that ended in March this year, also rose to Tk 1.00 against Tk 0.70 for at the end of March last year.