AB Bank’s profit surges over 34%

AB Bank Ltd posted a 34.75 per cent year-on-year growth in profit in the April-June quarter of 2023.

Thus, the earnings per share rose to Tk 0.31 in the second quarter of the year from Tk 0.23 in the same quarter of 2022.

The private commercial bank registered a 4 per cent year-on-year jump in profit in the first half of 2023 as its EPS rose to Tk 0.43 from Tk 0.41, according to a posting on the Dhaka Stock Exchange.

AB Bank shares closed at Tk 9.7 on the DSE yesterday, unchanged from a day earlier.

The bank's paid-up capital is Tk 878 crore and it provided 2 per cent stock dividend to shareholders in 2022.