AB Bank’s profit rises 50pc in Q2

AB Bank Limited's profit surged 50 per cent year-on-year in the April-June this year, driven mainly by an increase in interest income, commission, exchange and brokerage revenues. 

The consolidated earnings per share were Tk 0.24 in the quarter compared to Tk 0.16 in the same period a year ago, according to a filing on the Dhaka Stock Exchange yesterday.

The private commercial bank's consolidated EPS was Tk 0.42 in the first half of 2022 against Tk 0.31 during the half-yearly period of 2021.

Consolidated net operating cash flow per share improved to Tk 0.42 in January-June versus a negative Tk 8.73 during the same period last year. It rose mainly for the increase in deposits and the disbursement of new loans, said the bank.

Consolidated net asset value per share stood at Tk 30.55 on June 30 this year and Tk 31.07 on June 30 last year.

AB Bank's shares rose 2.04 per cent yesterday.