Dhaka, April 20 -- Jamuna Bank PLC posted an 18.25 per cent year-on-year increase to Tk 2.80 billion in 2024, driven by higher interest income amid the introduction of market-based interest rates in May last year.

The third-generation private commercial bank has reported a consolidated net profit of Tk 2.80 billion for the year, against Tk 2.36 billion in the year before.

Accordingly, consolidated earnings per share (EPS) stood at Tk 3.17 in 2024, up from Tk 2.68 in the previous year, according to its price-sensitive information published on Sunday.

Higher net interest income, the core source of earnings for the bank, along with gains from government securities, bolstered the lender's impressive earnings growth, even in a challenging b...