NCC Bank profit surges 55pc in H1

Business Report:

National Credit and Commerce (NCC) Bank PLC has posted a robust profit growth in the first half of 2025, with earnings surging by over 55 per cent compared to the same period last year, its unaudited financial statement shows.

The bank’s consolidated profit for January-June 2025 rose by 55.22 per cent year-on-year. During the period, its consolidated earnings per share (EPS) stood at Tk1.04, up from Tk0.67 a year earlier.

In the second quarter (April-June), the bank’s EPS increased to Tk0.79, compared to Tk0.52 in the same quarter last year. As of 30 June 2025, the consolidated net asset value per share (NAVPS) was Tk23.27. However, the price-sensitive statement did not disclose the reason behind the profit surge.

For the year ended 31 December 2024, the bank declared a 13 per cent cash dividend, posting an EPS of Tk2.10 – marginally higher than Tk2.07 in 2023.

NCC Bank, listed on the capital market since 2000, has an authorised capital of Tk2,000 crore and a paid-up capital of Tk1,110.42 crore. Its market capitalisation stood at Tk1,443.55 crore as of last Thursday, when its share price rose by 1.56 per cent to close at Tk13 on the Dhaka Stock Exchange (DSE).