National Bank suffers Tk 627cr loss in Jan-Jun

National Bank Limited suffered a Tk 627 crore loss in the first half of 2023, up 261 per cent year-on-year, due to lower incomes from interests on loans. 

The private commercial lender incurred a loss of Tk 173 crore in the January-June half of 2022.

Thus, its losses per share widened to Tk 1.95 in the first half of the current financial year from Tk 0.54 a year earlier.

The earnings per share decreased because of a lower income from interest on loans and advances, NBL said in a disclosure on the Dhaka Stock Exchange. The bank's EPS was Tk 0.98 in the negative in April-June of 2023. It was Tk 0.36 in the negative during the same quarter last year.

NBL's shares remained unchanged at Tk 8.30 on the DSE yesterday.

The private commercial bank did not provide any dividend to its shareholders in 2022 due to huge losses.