Bank Asia MD plans to buy one lakh shares
Sohail Reza Khaled Hussain, managing director of Bank Asia, has announced his intention to purchase 100,000 shares of the bank through the Dhaka Stock Exchange (DSE) within the next 30 working days.
The move will be made at the prevailing market price in the public market, according to a disclosure filed with the bourse today.
On the same day, Bank Asia's shares slipped 0.53% to close at Tk18.90 each on the DSE. According to the company's latest shareholding report, Khaled Hussain currently holds 100 shares of the bank. He joined Bank Asia as president and managing director on 11 February 2024.
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Prior to that, he held top leadership positions at two private commercial banks in Bangladesh — serving as managing director and CEO of Meghna Bank since 2020, and earlier as managing director and CEO of City Bank from 2013 to 2019.
The announcement comes at a time when the bank's financial performance has shown mixed trends.
The bank reported a 41% year-on-year decline in net profit for the April–June quarter of 2025, with consolidated earnings per share (EPS) falling to Tk0.99 from Tk1.68 a year earlier.
However, in the first half of 2025, the bank's EPS stood at Tk2.29, slightly higher than Tk2.26 in the same period of 2024.
In 2024, the bank achieved a 20% increase in consolidated net profit to Tk250 crore and rewarded shareholders with a 10% cash dividend and a 10% stock dividend.
