Dhaka, Nov. 19 -- Union Bank has shocked its stakeholders, disclosing a staggering loss of Tk 258 billion in 2024.

Sources in the banking sectorsay this is likely the highest loss ever posted by any individual bank in the country's history.

According to a stock exchange filing on Tuesday, Union Bank made a loss per share of Tk 248.91 in the year to December 2024, which was only a loss of Tk 2.82 per share the year before.

The latest results align with the recent claim by the central bank about the net asset values of the five troubled Islamic banks, including Union Bank, that are now undergoing merger.

The Union Bank's financial disclosure also indicates that investors had no clue about its real status in 2024.

The bank was listed in...