Pubali Bank to double authorised capital to Tk4,000cr

Pubali Bank PLC's board of directors has recommended doubling the bank's authorised capital to Tk4,000 crore from Tk2,000 crore, subject to approval from shareholders and Bangladesh Bank.

The decision was taken at a board meeting held today (10 September). 

To facilitate the increase, the bank will raise its total number of ordinary shares to 400 crore from 200 crore, with a face value of Tk10 each. The board has also proposed amendments to relevant provisions of the bank's Memorandum and Articles of Association.

The proposals will be placed before an Extraordinary General Meeting (EGM) scheduled for 25 October, which will be held virtually through a digital platform. The record date for the EGM has been set for 29 September.

Following the price-sensitive disclosure on the Dhaka Stock Exchange, Pubali Bank shares remained unchanged at Tk37.70 today.

Earlier, Pubali Bank posted robust financial growth in the second quarter and first half of 2026. The bank's consolidated earnings per share (EPS) rose to Tk2.95 for April–June 2026, from a restated Tk2.51 in the same period a year earlier. For the January–June period, consolidated EPS increased to Tk4.39 from Tk3.70. The bank attributed the growth in earnings to higher investment income, increased commissions, exchange and brokerage fees, and other operating revenues.

Consolidated net operating cash flow per share experienced a notable upward trend, surging to Tk48.78 for January–June 2026 from Tk32.28 in the corresponding period of 2025. This improvement was driven by a strategic focus on high-yield lending, fee diversification, cost optimisation, digital transformation, and increased customer deposit collections.

Additionally, the bank's consolidated net asset value (NAV) per share reached Tk48.90 as of 30 June, 2026, up from a restated Tk45.27 at the end of December 2025, propelled by higher retained earnings and paid-up capital additions from stock dividends.