Islami Bank Bangladesh Limited year-over-year consolidated profit climbed 65.49% in the third quarter of this year on the back of higher capital market returns.
In the third quarter, Islami Bank posted its consolidated profit of Tk 94.96 crore, which was Tk 57.38 crore in the same period of 2020.
During the period July to September, the bank raked in Tk 102.94 crore, about 265% more than the corresponding period of the previous year, in return for the investment in stocks and securities.
Islami Bank Bangladesh Limited is a limited liability company engaged in commercial banking activity based on Islamic Sharia law. It has a total of 375 branches, 196 sub-branches and 2,306 outlets in Bangladesh. It was established in 1983 as the first Islamic bank in South East Asia.
In the July to September quarter, its consolidated earnings per share was 0.59 Tk, compared to 0.36 Tk in the same period of the previous year.
During the period, the income from the main business of the bank decreased by 10% to Tk 567 crore.
In the first nine months (January to September) of the current year, consolidated net profit was Tk 429.61 crore, compared to Tk 369.73 crore in the same period of the previous year.
During the period, its consolidated earnings per share was 2.67 Tk, compared to 2.30 in the same period of the previous year.
The consolidated net asset value per share was Tk 40.59 as of September 30, 2021. The bank was listed on the Dhaka Stock Exchange in 1985.
The current paid-up capital of the bank is Tk1610 crore. The last stock price on the Dhaka Stock Exchange was 30 Tk on Thursday.
As of September 30 of this year, the sponsors and directors jointly owned 51.32%, the institute 16.25%, foreign investors 20.32% and general investors 12.11% of the shares of the company.