Uttara Bank’s profit declines

Uttara Bank's profits fell 18 per cent year-on-year in the first six months of 2023.

The bank's earnings per share (EPS) stood at Tk 1.64 in the January to June period of the current financial year, down from Tk 2 in the same period of the previous year.

Despite the profit fall, the bank's stock price remained unchanged at Tk 22 for consecutive two days at the Dhaka Stock Exchange (DSE).

According to a posting on the DSE website, the bank's EPS dropped to Tk 0.9 in the second quarter of 2023 from Tk 1.38 in the same period of 2022.

Uttara Bank's paid-up capital is Tk 733 crore.

It provided a 14 per cent stock and a 14 per cent cash dividend for its shareholders in 2022.