Dhaka Bank director gifts Tk 36cr shares to mother

Mirza Yasser Abbas, a director of Dhaka Bank, will transfer 3.13 crore shares of the private commercial lender to his mother, Afroza Abbas, a sponsor of the company, by way of gift.

Based on the closing price of Tk 11.5 per share of the private bank on last Tuesday, the transfer value is around Tk 36 crore.

The transfer will be made outside the trading system of the Dhaka Stock Exchange (DSE) and is scheduled to be completed by October 31, according to a disclosure posted on the bourse's website today.

Shares of the bank were unchanged at Tk 11.5 as of 1:40 pm today on the DSE.

Dhaka Bank reported a sharp decline in earnings for the April–June quarter of 2025, with profit plunging 60 percent year-on-year to Tk 30.63 crore, weighed down by higher provisions against loans, as per its financial statements.

As of August 31, sponsor-directors collectively held 40.98 percent of the bank's shares, while institutions accounted for 12.04 percent, and the public the remaining 46.98 percent, according to DSE data.