Mirza Abbas’ son to gift 3.13cr of Dhaka Bank shares to his mother

Mirza Yasser Abbas, a director on the board of Dhaka Bank, has announced his plan to transfer 3.13 crore shares of the bank to his mother, Afroza Abbas, as a gift. 

The transaction will be carried out outside the exchange's trading system by 31 October 2025, according to a disclosure published on the Dhaka Stock Exchange (DSE) website yesterday.

The shares, valued at approximately Tk36.34 crore based on Dhaka Bank's closing price of Tk11.60 each on Sunday, will be gifted to Afroza Abbas, who is a sponsor shareholder and a former director of the bank. 

Mirza Yasser Abbas is the son of BNP leader and former minister Mirza Abbas Uddin Ahmed, who is also one of the founding sponsors of Dhaka Bank.

According to Dhaka Bank's 2024 annual report, Yasser Abbas currently holds five crore shares, representing a 4.97% stake in the bank. 

Data from the DSE shows that of the bank's total 105.69 crore shares, sponsor-directors collectively hold 40.98%, institutional investors own 12.04%, and the general public holds the remaining 46.98%.

Dhaka Bank's financial performance has seen some pressure in recent quarters amid rising funding costs and tightening market conditions. 

In the first half of 2025, the bank posted a consolidated net profit of Tk115 crore, with earnings per share (EPS) of Tk1.15, down 24% from the same period a year earlier.

In its financial statement, the bank attributed the profit decline to lower interest income, which was affected by higher costs of deposits, and to increased provisioning against loans. 

As of June 2025, the bank reported a consolidated net asset value per share of Tk23.58 and a consolidated net operating cash flow per share (NOCFPS) of Tk24.25, compared to Tk22.57 and a negative Tk4.05 respectively in the same period the previous year. 

The sharp rise in operating cash flow was driven by higher customer deposits, increased sales of trading securities, and a reduction in loans and advances, said the bank.

As of June 2025, the bank's total loans and advances stood at Tk26,690 crore, while deposits reached Tk31,748 crore.

Dhaka Bank's capital to risk-weighted asset ratio (CRAR) stood at 14.06%, above the regulatory minimum of 12.5%. 

The bank distributed a 5% cash and 5% stock dividend for 2024, when its consolidated profit was Tk128 crore, down 23% year-on-year. 

By the end of that year, its classified loans had risen 15% to Tk1,434 crore.