Union Bank’s profit plunges 29pc

Union Bank Limited's profit declined by 29 per cent year-on-year in the second quarter of 2022. 

The private commercial lender reported earnings per share of Tk 0.44 for April-June against Tk 0.62 in the same quarter of 2021, according to its unaudited financial statements.

The EPS was Tk 0.78 in January-June, a decrease of 10 per cent from Tk 0.87 reported in the same six-month period a year ago.

Net operating cash flow per share rose to Tk 1.12 from January to June this year from Tk 1.07 in 2021.

The lender's net asset value per share was Tk 15.24 on June 30 this year and Tk 10.13 on the same day last year.