NRBC Bank suffers losses in April-June quarter

NRB Commercial Bank Ltd suffered losses in the second quarter of 2022.

Consolidated earnings per share were a negative Tk 0.065 in April-June compared to Tk 0.643 in the same quarter last year.

Consolidated EPS stood at Tk 0.767 in the January-June period of 2022, down from Tk 1.032 during the same six-month period of 2021.

The EPS declined due to a new provisioning guideline on loans and investments and the volatile stock market expedited further provision on listed company shares, said the private commercial bank in a filing on the Dhaka Stock Exchange today.