Pubali Bank’s profit rises

Pubali Bank PLC, one of the country's oldest private banks, said its profit soared 16 percent year-on-year in nine months to the end of September 30 this year.

The bank recorded Tk 612.7 crore in net profit after tax in January-September period of this year from Tk 525.6 crore the same period a year ago, it said in an unaudited financial statement published today.

Earnings Per Share (EPS) of the Pubali Bank grew to 5.96 during this period from Tk 5.11 the same period a year ago.

The private bank recorded Tk 3.25 earnings a share in July-September period, posting 18 percent gain year on year.

It also improved its net operating cash flow in the first nine months of 2023.

Pubali Bank's share gained 0.77 percent to Tk 26.20 at 11.28 am at the Dhaka Stock Exchange.