Global Islami Bank incurs Tk57cr loss in Jul-Sep
Global Islami Bank incurred a loss of Tk57 crore in the July-September quarter of this year due to keeping higher provisions against classified loans.
According to the bank statement, its loss per share stood at Tk0.55 during the quarter.
In the first nine months of this year, its earnings per share were Tk0.43, marking a significant decline from Tk1.15 in the same period the previous year.
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Besides, its net asset value per share became negative at Tk9.14 at the end of September.
Controversial business conglomerate S Alam Group owned the Global Islami Bank. Following the Awami League government's fall, the central bank removed the S Alam people from the Global Islami Bank board.
Its shares are being traded at Tk5.30 on the Dhaka bourse.
