• Monday, May 17, 2021
  • Last Update : 03:49 am

Bank Asia posts steady earnings, dividend

  • Published at 11:53 pm March 18th, 2021
Bank Asia logo

The bank made a net profit of Tk 203 crore last year, up 3.6 per cent year-on-year

Bank Asia, a listed private bank, has reported a marginal growth in its year-end earnings with a statuesque dividend payout for 2020. 

The bank made a net profit of Tk 203 crore last year, up 3.6 per cent year-on-year.

Bank Asia’s earnings growth last year is in line with its local peer Mercantile Bank, which saw its profits edge up about 0.4 per cent to Tk 223 crore.

Shahjalal Islami Bank saw its profit soar about 15.4 per cent to Tk 191.4 crore, while Dutch-Bangla Bank posted a record profit of Tk 550 crore.

Management of the bank has recommended a cash dividend of 10 per cent for 2020, keeping at par with its dividend paid in the previous year. 

Shares of Bank Asia, which remained flat throughout 2020, closed at Tk 17.7 yesterday, which is more or less the same as in the previous session.

As of February 28, sponsors and directors of the company own 51.33 per cent of the company established in 2004, according to the exchange websites.

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