Dutch-Bangla Bank’s profits edge up

Profits of Dutch-Bangla Bank grew 1.79 per cent in 2022 while its income from interest, commissions and charges increased at a higher rate. 

The lender's profits stood at Tk 566 crore in 2022 while it was Tk 556 crore in the previous year, according to the company's financial report.

Its net interest income advanced 8.8 per cent year-on-year to Tk 1,689 crore. Commission, exchange and brokerage income of the bank almost doubled to Tk 377 crore.

Of the commission, exchange and brokerage income, its net gain on foreign currency soared 106 per cent to Tk 157 crore.

Its other operating incomes increased 15 per cent to Tk 394 crore. However, investment income of Dutch-Bangla Bank edged down 0.40 per cent to Tk 732 crore.

The bank's earnings per share stood at Tk 8.14 in 2022 while it was Tk 7.99 in the previous year. The bank's net asset value per share also stood at Tk 59.85 and Tk 53.13 in 2022 and 2021 respectively.

Stocks of the bank remained the same at Tk 62.60 at Dhaka Stock Exchange on Wednesday, the last day of trade of the week.