Four publicly traded banks – Exim Bank, Bank Asia, Eastern Bank, and Jamuna Bank – saw year-on-year earnings rise in the first six months of the current year, driven mainly by the increase of investment income.
On the other hand, Al Arafah Islami Bank, and One Bank saw significant earnings fall in first half of 2023 year-on-year, thanks to an increase in interest expenses on deposits and borrowings coupled with the rise in operating costs.
As per its unaudited financial statements posted on the Dhaka Stock Exchange (DSE) website Sunday, Export Import (Exim) Bank of Bangladesh Limited’s consolidated earnings per share (EPS) was Tk 1.21 for January–June 2023 against Tk 1.14 (restated) for the same period last year.
The bank’s consolidated EPS was Tk 1.07 for April–June quarter this year, against Tk 0.89 (restated) for the same period one year ago.
The bank said its earnings have increased due to an increase in investment income, while the tet operating cash flow per share (NOCFPS) has increased due to a decrease in investment and an increase in deposits.
Meanwhile, Bank Asia reported consolidated EPS of Tk 1.81 for the second quarter of 2023 against Tk 0.94 for April–June 2022.
The banks consolidated EPS was Tk 2.88 for the first six months (Jan-Jun’23) against Tk 2.00 for the same period the year before.
The EPS has increased due to an increase in profit after tax, said the bank.
Among other profit makers, Eastern Bank’s consolidated earnings per share were Tk 2.01 for January-June this year, which was Tk 1.96 (restated) for the same period last year.
The publicly traded bank’s consolidated EPS was Tk 1.12 for the second quarter (Apr-Jun’23) against Tk 0.98 (restated) for the same period of 2022.
Jamuna Bank’s net profit jumped by 12.77 per cent to Tk 256 crore in the first half this year, compared to Tk 227 crore in January-June last year, as per DSE data.
The private commercial bank’s consolidated EPS was Tk 3.16 for January–June 2023 as against Tk 2.80 (restated) for the same period in 2022.
Its consolidated EPS was Tk 1.51 for April-June 2023 against Tk 1.22 (restated) for April-June 2022.
On the other hand, in the half of the current year (Jan’-Jun’23), One Bank’s consolidated earnings per share declined to Tk 0.52 from Tk. 0.93 (restated) for January-June 2022.
Its EPS was Tk 0.23 for April-June 2023 as against Tk 0.51 (restated) for April-June 2022, the bank said on Sunday through the Dhaka bourse.
Another publicly traded bank, Al Arafah Islami Bank, saw its earnings fall to Tk 0.77 in January–June 2023, which was Tk 1.14 for the same period last year.
In the June quarter this year, the bank’s diluted consolidated EPS was Tk 0.58 as against Tk 0.66 for April–June 2022.
The bank said the EPS decreased due mainly to increased profit paid on deposits and borrowing; decreased commission, exchange, and brokerage income; and increased total operating expenses compared to the previous corresponding period.
