Islami Bank incurs loss of Tk100cr in Jul-Sep quarter
The bank suffered a Tk0.62 loss per share during the quarter
Islami Bank incurred a loss of Tk100 crore in the July-September quarter of this year.
According to its price-sensitive statement [published today (30 October), the bank suffered a Tk0.62 loss per share during the quarter.
As per the consolidated basis, including subsidiaries' income, its loss came down to Tk89 crore during the quarter.
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The bank said in the statement that it incurred loss in July-September as total provision against investment -loans and advance- increased compared to the previous corresponding period.
At the end of the first nine months of this year, its consolidated net profit stood at Tk267 crore, which was 39% lower than the previous year at the same time.
At the end of September, its consolidated earnings per share was Tk1.66.
