Standard Bank’s profit climbs over 45pc

Business Report :
Standard Bank Limited posted a profit of Tk 112.58 crore in the financial year that ended on December 31, an increase of 45.2 per cent year-on-year.
The profit stood at Tk 77.53 crore in 2021.

The bank reported consolidated earnings per share of Tk 1.06 for 2022 against Tk 0.73 a year earlier.

The consolidated net asset value per share rose to Tk 16.67 in 2022 from Tk 16.24 in 2021 while the consolidated net operating cash flow per share stood at a negative Tk 2.34 against Tk 8.28 negative in the previous year.

In a filing on the Dhaka Stock Exchange last week, Standard Bank said the increase in the cash flow was due to a collection of Tk 438.40 crore in new deposits in 2022.