Economic Reporter :
Islami Bank Bangladesh Limited (IBBL) posted the highest profit Tk 1,807 crore in the just concluded year. The profit was Tk 1,703 crore in 2014.
Actually, the profits of the maximum banks have increased in the last year despite upward trend in the defaulted loans and sluggish investment.
Sources said, the banks had faced huge excess liquidity throughout the year as the businesspeople were reluctant to take loans from banks to expand their business.
‘A number of scheduled banks faced a burden of excess liquidity in last year due to lower credit demand from the private sector amid political unrest that compelled the banks to decrease their rate of interest on deposits,’ Trust Bank managing director Ishtiaque Ahmed Chowdhury said.
The rising defaulted loans also put an adverse impact on the banks’ operating profits, he said.
The profit of Pubali Bank increased to Tk 810 crore in last year from Tk 782 crore in 2014 while the IFIC Bank’s profit increased to Tk 406 crore from Tk 391 crore.
The profit of Dutch-Bangla Bank increased to Tk 670 crore in last year from Tk 560 crore in 2014 while the EXIM Bank’s profit rose to Tk 660 crore from Tk 615 crore.
The profit of Southeast Bank increased to Tk 835 crore in 2015 from Tk 832 crore in 2014 while that of Al-Arafah Islami Bank rose to Tk 650 crore from Tk 613 crore in 2014.
State-owned BASIC Bank incurred an operating loss amounting to Tk 225 crore in last year from a loss of Tk 111 crore in 2014 due to capital shortfall and defaulted loans.
Islami Bank Bangladesh Limited (IBBL) posted the highest profit Tk 1,807 crore in the just concluded year. The profit was Tk 1,703 crore in 2014.
Actually, the profits of the maximum banks have increased in the last year despite upward trend in the defaulted loans and sluggish investment.
Sources said, the banks had faced huge excess liquidity throughout the year as the businesspeople were reluctant to take loans from banks to expand their business.
‘A number of scheduled banks faced a burden of excess liquidity in last year due to lower credit demand from the private sector amid political unrest that compelled the banks to decrease their rate of interest on deposits,’ Trust Bank managing director Ishtiaque Ahmed Chowdhury said.
The rising defaulted loans also put an adverse impact on the banks’ operating profits, he said.
The profit of Pubali Bank increased to Tk 810 crore in last year from Tk 782 crore in 2014 while the IFIC Bank’s profit increased to Tk 406 crore from Tk 391 crore.
The profit of Dutch-Bangla Bank increased to Tk 670 crore in last year from Tk 560 crore in 2014 while the EXIM Bank’s profit rose to Tk 660 crore from Tk 615 crore.
The profit of Southeast Bank increased to Tk 835 crore in 2015 from Tk 832 crore in 2014 while that of Al-Arafah Islami Bank rose to Tk 650 crore from Tk 613 crore in 2014.
State-owned BASIC Bank incurred an operating loss amounting to Tk 225 crore in last year from a loss of Tk 111 crore in 2014 due to capital shortfall and defaulted loans.
