The First Security Islami Bank saw a 145 percent rise in its net profit in the first nine months (January-September) of the calendar year 2019.
During this period, the bank's net profit stood at Tk112 crore with earnings per share (EPS) at Tk1.30.
The bank, during the same period of the corresponding year, made a profit of Tk46 crore with the EPS at Tk0.53.
Oli Kamal, company secretary of the bank, told The Business Standard that they had rescheduled a big amount of default loans during that period in line with the central bank's directives, which lowered the provisions, resulting in the increase in profits.
The bank in 2018, provided a 10 percent stock dividend to its shareholders, while their net profit was Tk159 crore.
The closing price of its share on Thursday, the last trading day of the week, was at Tk9.60.