NRB Commercial Bank’s losses widen

NRB Commercial Bank's losses widened in the April-June quarter of 2023.

The fourth-generation bank's earnings per share hit Tk 0.51 in the negative in the second quarter of 2023, against Tk 0.065 in the negative in the same period of 2022.

The bank's EPS also declined in the January-June period: it was Tk 0.51 in the first half of 2023, down from Tk 0.73 in the same period the previous year, according to a filing on the Dhaka Stock Exchange.

The bank's paid-up capital is Tk 828 crore. It provided 7.5 per cent cash and 4.50 per cent stock dividends to shareholders in 2022.

NRB Commercial Bank's shares closed unchanged at Tk 16.8 on the DSE yesterday.