Profits of Dutch-Bangla Bank Ltd (DBBL) rose 3 percent year-on-year over the past nine months of 2023 despite registering a marginal decline in the third quarter, according to a company disclosure published today.

The private commercial bank reported Tk 173.38 crore in net profit for the July-September period, down 3.5 percent from Tk 179.84 crore the same time the previous year.

Yet, the overall profit of DBBL, one of the country's largest private banks, rose to Tk 413.73 crore in the January-September period from Tk 399.79 crore during the same period a year ago.

As such, its EPS increased marginally to Tk 5.53 in the three quarters ending in September from Tk 5.35 a year ago.

DBBL said its net operating cash flow per share fell by a massive 81 percent year-on-year to Tk 3.85 per share in the January-September period from Tk 20.86 the year before.

The private bank said its cash flow has decreased mainly for paying off loans from other banks, financial institutions and agents.