Mutual Trust Bank’s profit increases, Rupali Bank’s declines
Officials of Rupali Bank said the bank’s profit decreased because of inadequate recovery of loans
During the first nine months of this year the net profit of Mutual Trust Bank increased by seven percent, while the net profit of the state owned Rupali Bank decreased by 13 percent.
Mutual Trust Bank
During the first nine months of this year, Mutual Trust bank earned a net profit of Tk127 crore after paying taxes, while the bank's earning per share (EPS) was Tk1.90. During the same period last year the bank's net profit was Tk119 crore and its EPS was Tk1.77.
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High-level officials of the bank said this year the bank issued new loans very cautiously. During this period the bank also put an emphasis on collecting deposits, which increased significantly.
Rupali Bank
During the first nine months of 2019, Rupali Bank's net profit amounted to Tk17 crore and its earning per share was Tk0.40. During the same period last year the bank made a net profit of Tk19 crore and its earning per share was Tk0.46.
Officials of Rupali Bank said the bank's profit decreased because of inadequate recovery of loans.
They also said that during the first nine months of this year Rupali Bank disbursed Tk4,081 crore as loans in total. Against that, the bank collected deposits of Tk338 crore, which resulted in a fund crisis.
