Business Report :
Islami Bank Bangladesh incurred a loss of Tk100 crore in the July-September quarter of this year, an unprecedented event for the country’s largest private lender in over three decades.
According to its price-sensitive statement published on Wednesday (30 October), the bank suffered a Tk0.62 loss per share during the quarter.
As per the consolidated basis (including income of its subsidiaries), its loss came down to Tk89 crore during the quarter. Its consolidated loss per share during the quarter was Tk0.55.
The bank said in the statement that it incurred a loss in July-September as total provision against investment – loans and advance – increased compared to the previous corresponding period.