Bank Asia’s profits almost double in Q2

Bank Asia saw its profits almost double in the April-June period of the current calendar year, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website.

The lender's earnings per share soared 92.5 per cent year-on-year to Tk 1.81 during the second quarter compared to Tk 0.94 in the same period of the previous year.

Bank Asia's earnings per share stood at Tk 2.88 in the first half of the year while it was Tk 2 during the January-June period of 2022, DSE data shows.

Stocks of Bank Asia traded at Tk 20.20 yesterday. The A category stock was listed with the stock exchange in 2004.

The bank provided 15 per cent cash dividend for its shareholders for the year 2022.