Premier Bank's profit grows 8pc
Dhaka, May 10 -- Premier Bank reported an 8 percent year-on-year profit of Tk 79.02 crore in the first quarter of 2024.
The profit stood at Tk 73.18 crore in the same quarter of the previous year.
Therefore, earnings per share rose to Tk 0.64 in January-March from Tk 0.59, according to its unaudited financial statement. Although the bank's profit increased, it did not fare well in all indicators.
The net operating cash flow per share (NOCFPS) took a beating, slipping to Tk 16.40 in the negative, a massive fall from Tk 5.76 in the first quarter of 2023.
The private lender attributed a decline in deposits, a surge of loans, payments against borrowing from other banks and agents, and the rise in interest in cash payments for the slide in...
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