Dhaka, Nov. 4 -- Social Islami Bank PLC (SIBL) has incurred a record net loss of over Tk 1,704 crore in nine months (January-September) of 2025.

This marks the largest loss ever reported by the bank since its listing on the stock market in 2000, standing in stark contrast to the net profit of over Tk51 crore recorded in the same period of 2024.

According to the bank's unaudited financial report for the third quarter (July-September), the net loss after tax for the nine-month period (Jan-Sep 2025) was Tk704.48 crore, sharply down from the net profit of Tk51.16 crore in the corresponding period of last year.

The bulk of the losses accumulated during the third quarter (July-September), which alone saw a net loss of Tk 1,235 crore. This is...