Standard Bank sponsor to buy its 20 lakh shares 

Ferdous Ali Khan, a sponsor director of Standard Bank PLC, a publicly listed lender, has expressed his intention to buy 20 lakh shares of the bank, according to a disclosure published on the stock exchange's website today (15 June).

Ferdous Ali Khan will buy the shares at prevailing market price in the public market through Dhaka Stock Exchange within the next 30 working days.

Considering the current market price, the value of the shares is around Tk10.20 crore as its shares traded today at Tk5.10 each. 

According to annual report of the bank for 2023, Ferdous Ali Khan owns around 2.47 crore or 2.27% shares of the bank.

Standard Bank reported a 40% decline in its consolidated earnings per share (EPS) to Tk0.74 in 2024 compared the previous year of Tk1.24. 

The bank has decided not to any dividend for its shareholders as the bank recommended no dividend for 2024. 

In the first quarter during the January to march of 2025, the bank has reported 7% growth in its consolidated EPS to Tk0.15. 

During the Q1, its consolidated net operating cash flow per share significantly jumped to Tk8.35, which was negative at Tk0.06 in the same time of the previous year. 

Regarding the increase, the bank said, its net operating cash flow has significantly increased in comparison with previous year. This is due to a significant increase in deposits, placements from banks, income from investments and shares & securities, along with a significant decrease in operating expenses.