Janata Bank incurs Tk3,066cr loss in 2024
According to the bank's audited statement filed on its website, its consolidated loss per share was Tk132.51.
Janata Bank has reported that it incurred a consolidated loss of Tk3,066 crore in 2024.
According to the bank's audited statement filed on its website, its consolidated loss per share was Tk132.51.
Janata Bank incurred loss mainly due to higher deposits costs and mount high non-performing loans.
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Its total classified loans stood at Tk68,000 crore at the end of 2024.
According to the statement, large borrowers particularly Beximco Group, S Alam Group turned into the loan defaulters which caused the bank to sank into mount high classified loans
