Janata Bank PLC reported huge losses last year, saying its net interest income had dropped significantly.
The state-run bank, in its financial statements for 2024 posted a loss of Tk3,066 crore, against a profit of Tk62 crore in 2023.
Its loss per share stood at Tk132.51, compared to earnings per share of Tk2.68 in 2023.
The bank's net interest loss amounted to Tk3,042 crore last year, a steep fall from a net interest income of Tk282.32 crore in 2023.
Its net operating cash flow per share also dropped significantly, reaching negative Tk102.87, down from a negative Tk31.21 in the same period a year ago.
In light of the financial performance, the bank's board also declared no dividend for the year.
Founded in 1972, Janata Bank was corporatized as Janata Bank PLC on November 15, 2007.
It is the second largest commercial bank in the country by deposits and assets, according to its website.
