Standard Bank tops gainers’ list after posting 10% H1 profit growth
The bank reported a significant improvement in its consolidated net operating cash flow, which was supported by a deposit growth of Tk600 crore during the first half of the year
Standard Bank emerged as the top gainer yesterday at the Dhaka Stock Exchange (DSE), following the announcement of a 10% year-on-year growth in its consolidated earnings per share (EPS) for the first half of 2025.
According to the DSE, shares of Standard Bank hit the upper circuit breaker, surging 10% to close at Tk7.70.
Under DSE rules, a stock's price can increase or decrease by a maximum of 10% in a single trading session due to the circuit breaker mechanism.
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At the beginning of today's ( 3 August) session, the bank disclosed its unaudited financial statement for the January–June 2025 period. During this time, the bank posted a consolidated EPS of Tk0.34, up from Tk0.31 in the same period of the previous year.
In the second quarter alone, the consolidated EPS stood at Tk0.18, reflecting a 6% increase compared to Tk0.17 in the April–June quarter of 2024.
According to the bank's statement, the profit growth was driven primarily by increased investment income from government securities.
Additionally, the bank reported a significant improvement in its consolidated net operating cash flow, which was supported by a deposit growth of Tk600 crore during the first half of the year.
Today's gain extended the bank's rally to four consecutive sessions, where its share price jumped around 17%.
Earlier, in June, Standard Bank decided to raise Tk500 crore through issuing bonds, aiming to enhance its capital base.
According to its price-sensitive statement filed on the DSE, the floating rate non-convertible mudaraba subordinate bond aimed at raising regulatory capital (tier-2) is expected to help the bank fulfil its Basel-III requirements.
The issuance of the bond is subject to approval from the Bangladesh Securities and Exchange Commission (BSEC) and the Bangladesh Bank.
Earlier, the bank reported a 40% decline in its consolidated EPS to Tk0.74 in 2024 compared to the previous year of Tk1.24.
The bank has decided not to pay any dividend to its shareholders for 2024.
