In the first half of this year, Bangladesh Finance Limited’s consolidated net profit increased by 217.83% year on year to Tk23.54 crore as the refocused non-bank financial institution (NBFI) significantly improved in all its indicators.
Its consolidated earnings per share increased to Tk1.17 for the January-June period, from Tk0.44 in the previous year’s comparable period.
Thanks to its capital market businesses which significantly supplemented the profits from financing business.
Md Kyser Hamid, managing director and chief executive officer of Bangladesh Finance, provided the information the first investor meet of the company on Monday.
“Our cost of deposit has reduced significantly in the first half of this year compared to the corresponding period a year ago, resulting in a 36.47% rise in net interest income,” stated Hamid while speaking before the investors and stakeholders online.
“The half-yearly performance was further strengthened by a significant contribution from capital market investments. Our Commission, Exchange, and Brokerage income, on the other hand, has increased, which has a positive influence on our earnings,” he added.
To read the full content on TBS NEWS, click here.