Mercantile Bank's quarterly profit drops 95%

TBS Report

29 October, 2025, 11:40 am

Last modified: 29 October, 2025, 04:34 pm

Mercantile Bank has reported that its consolidated net profit dropped by 95% year-on-year in the July-September quarter of this year.

According to the bank's statement filed on the Dhaka Stock Exchange today (29 October), its consolidated earnings per share was Tk0.05 during the quarter, which was 95% lower from Tk1.06 in the same quarter previous year.

In the first nine months of this year, its consolidated earnings per share was Tk1.87, dropping by 38% from the previous year same time.

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The bank attributed the reduction of earnings per share tothe decrease of profit before provisions. NOCFPS decreased due to a decrease in cash flows from Net Operating activities.

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