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Three banks post higher profits
Three private banks posted higher earnings for the January-March quarter compared to the same period a year ago with NRB Commercial Bank registering the highest growth in profits.
The newly listed private bank s earnings per share shot up 54 per cent year-on-year to Tk 0.44 from Tk 0.28 during the January-March quarter of 2020.
Stocks of NRB Commercial rose 10 per cent to Tk 30.8 at the Dhaka Stock Exchange (DSE) while shares of Dutch-Bangla Bank Limited (DBBL), one of the largest banks in terms of deposits, fell even though the lender posted higher unaudited earnings for the January-March quarter.
DBBL s earnings per share posted 20 per cent growth year-on-year to stand at Tk 1.65 for the period.
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