Dhaka Bank records 11% rise in Q1 profit, declares 10% dividend for 2024

Dhaka Bank PLC has reported a robust earnings performance in the first quarter of 2025, buoyed by higher operating income across its core banking activities.

According to the bank's unaudited financial statement released on 27 May, net profit rose to Tk 84.63 crore in the January–March period, marking an 11 percent increase from Tk 76.5 crore in the same quarter last year. Earnings Per Share (EPS) climbed to Tk 0.84, up from Tk 0.76 year-on-year, reflecting improved operational efficiency.

While the quarterly results show positive momentum, the audited financials for 2024 recorded a 23 percent decline in net profit, totalling Tk 128.13 crore, compared to Tk 166.52 crore in 2023. Annual EPS dropped to Tk 1.27 from Tk 1.66 in the previous year.

Despite the dip in yearly performance, the Board of Directors has recommended a 10 percent dividend, comprising a 5 percent cash and 5 percent stock dividend for the year 2024. The issuance of bonus shares is intended to strengthen the bank's capital base under Basel III guidelines, thereby supporting long-term business expansion.

Following the announcement, Dhaka Bank shares rose 4.08 percent to Tk 10.20 on the Dhaka Stock Exchange, signalling investor confidence in the bank's strategic direction.