In a year marked by financial uncertainty, five banks in Bangladesh have emerged as beacons of resilience and trust. Islami Bank, already a leader in the sector, has been joined by BRAC Bank, City Bank, Pubali Bank, and Dutch-Bangla Bank in reaching the coveted Tk 2,000 crore milestone in operating profit.
Investment income and increased net interest lift earnings
The bank made Tk 695.12 crore, a 30% rise year-on-year
Capital machinery imports are recovering slowly as concerns over political uncertainty ease and banks show more willingness to facilitate investments amidst increased liquidity in terms of US dollars and stability in the exchange rate. During the July-January period of this fiscal year (FY), LC openings for capital machinery grew three percent year-on-year to $1,557 million, according to Bangladesh Bank data.
No bank in Bangladesh has ever made so much profit in a year
Riding on the reputation it has earned over the decades, Pubali Bank Ltd, one of the oldest banks in Bangladesh, is investing to build a robust digital infrastructure with a view to providing all financial services at the fingertips of customers and their doorsteps.
Pubali Bank Limited posted a Tk 564.53 crore profit in the financial year that ended on December 31, up nearly 30 per cent from a year earlier.
Pubali Bank has got go-ahead to raise Tk 700 crore through its third subordinated bond.
Pubali Bank Ltd’s profit rose 42.68 per cent year-on-year in the April-June quarter of 2022.
Helal Ahmed Chowdhury leaves a legacy of 38 years -- from a probationary officer to managing director -- at Pubali Bank
