The NRBC Bank Plc has announced the highest cash dividend of 11 per cent and made the highest profit in 2023 among five new generation banks listed in the capital market.
In comparison, the Global Islami Bank and NRB Bank have announced 10 per cent dividend. Among others, the Union Bank and Midland Bank declared 5 per cent dividend, while South Bengal Agriculture Bank declared 2 per cent.
NRBC Bank
The NRBC Bank PLC made a profit of Tk 198.97 crore in 2023. The consolidated earnings per share (EPS) of the bank stood at Tk 2.40, compared to Tk 2.33 recorded the previous year. Until December 31, 2023, the company's net asset value per share (NAVPS) was Tk 17.58.
NRBC Bank (incumbent) Managing Director Rabiul Islam said, “We have always tried to provide banking services to everyone. That is why we lean more towards microfinance. The participation of the smallest people has collectively helped us grow at the NRBC Bank.
“We have been able to achieve the highest number of shares, so we have been able to pay the highest amount of dividend to the shareholders. Our goal is not only among the contemporary banks, but also among the banks of the previous generation by increasing the quality of service and expanding.”
Listed in 2021, NRBC Bank belongs to the DSE’s category “A.”
Using cutting-edge technology, the bank is currently providing banking services through 103 branches, and 1,500 sub-branches, agent points, and ATM booths across the country.
The company declared 7.5 per cent cash and 7.5 per cent stock dividends to its shareholders for the year ending in December 2022.
Sponsor-directors held 76.60 per cent of the company’s total shares, while institutional investors owned 9.20 per cent, and general investors 14.20 per cent until April 30 this year.
Global Islami Bank
Global Islami Bank PLC has announced a 10 per cent dividend to shareholders for the financial year ending in 2023. Out of this, the bank will give 5 per cent cash and 5 per cent bonus dividend.
In 2023, the bank made a profit of Tk 128 crore. During the period under discussion, the company’s EPS was Tk 1.30. Earlier in 2022, the bank's EPS was Tk 0. 98. On December 31, 2023, the net asset value per share of the company was Tk 13 94.
NRB Bank
On the other hand, for the financial year 2023, NRB Bank will pay all 10 per cent cash dividend. In 2023, the bank made a profit of Tk 79 crore. In this, the consolidated EPS of the bank in the year under discussion has been Tk 1.35.
The previous year EPS of the bank was Tk 0.94. Last December 31, 2023 NAVPS of the bank was TK 13.78.
Union Bank
In the financial year 2023, the Union Bank PLC made a profit of Tk 160 crore. A cash dividend of 5 per cent has been declared for the bank's shareholders for the year under review.
At that time, the bank’s EPS was Tk 1.58. In 2022, this EPS stood at Tk 1. 57. On December 31 last year, the company’s NAVPS stood at Tk 16.03.
Midland Bank
The Midland Bank has announced a 5 per cent dividend. The bank has made a profit of Tk 113 crore in the financial year 2023. In this, the EPS of the bank in the year under discussion was Tk 1.77.
The previous year EPS of the bank was Tk 0.88. Last December 31, 2023 NAVPS of the bank was TK 14.31.
South Bengal Agriculture and Commerce Bank decided to pay 2 per cent cash dividend to shareholders for the financial year ending in 2023. The bank made a profit of Tk 54 crores during the year under discussion.
The company’s consolidated EPS stood at Tk 0.66. During 2022, the previous year, the company’s EPS was Tk 0.72. During this period, the EPS decreased by Tk 0.06. On December 31 last year, the company’s consolidated NAVPS stood at Tk 13.50.
