Publicly traded banks fare well amid Covid-19 pandemic - News Summed Up

Publicly traded banks fare well amid Covid-19 pandemic


As per the unaudited financial statement, Al-Arafah Islami Bank Limited registered the highest growth by 463% in the first nine months of the current year. One Bank's EPS rose 86% to Tk1.21, up from Tk0.65, while AB Bank’s EPS also jumped by 61% to Tk0.29 from previous Tk0.18. According to the Dhaka Stock Exchange (DSE) data, the earnings of Trust Bank, Rupali Bank, Pubali Bank, Dhaka Bank, City Bank, Jamuna Bank, Dutch-Bangla Bank, Islami Bank, Mutual Trust Bank, Shahjalal Islami Bank, Uttara Bank, First Security Islami Bank, Bank Asia and Social Islami Bank Limited also rose in the first nine months of 2020, compared to the same period last year. The EPS of Prime Bank, Mercantile Bank, UCB, Southeast Bank, NCC Bank, Premier Bank, National Bank and Brac Bank also fell between 9%-30% during the period. Those which remain unpaid for a period of 30 months or beyond will now be treated as bad or loss.


Source: Dhaka Tribune November 01, 2020 15:45 UTC



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