SIBL’s profit rises over 18% in 2022

Social Islami Bank Limited made a Tk 206.83 crore profit in the financial year that ended on December 31, up more than 18 per cent a year earlier.

The bank clocked a profit of Tk 174.77 crore in 2021.

SIBL, thus, reported consolidated earnings per share of Tk 2 for 2022 against Tk 1.69 in 2021.

Its consolidated net asset value per share rose to Tk 20.20 in the last financial year from Tk 18.76 in 2021.

But the consolidated net operating cash flow per share (NOCFPS) stood at Tk 1.05 negative against Tk 1.64, also negative.

The NOCFPS has slightly improved mainly due to higher cash inflow in respect of deposits and investment compared to the previous year, said SIBL in a filing on the Dhaka Stock Exchange yesterday.

The board of directors of the bank has recommended a 5 per cent cash and a 5 per cent stock dividend for 2022.