BM Desk :  The stock market-listed Standard Bank actually lost more than Tk 3,304 crore in 2024, or Tk 29.61 per share. Nonetheless, the bank made roughly Tk 83 crore, or Tk 0.74 per share, in revenue that year. The bank’s financial audit report for 2024 contains these information.

At Tk 0.74 per share, the bank’s 2024 net profit was Tk 82 crore 57 lakh. Additionally, the net assets of the bank were displayed as Tk 16.63 per share.

But according to the audit report, the bank required Tk 4,169 crore 80 lakh as a reserve or provision against its investment. They did, however, earn Tk 782 crore 90 lakh. Consequently, the bank’s 2024 financial statement shows a reserve deficiency of Tk 3,386 crore 89 lakh. which the bank has the chance to create later with Bangladesh Bank’s consent. such that the bank’s future will suffer as a result of this enormous reserve. However, the bank would have lost Tk 3,304.32 crore, or Tk 29.61 per share, in 2024 if that reserve had been established.

In the meantime, the bank’s net assets per share would have dropped from Tk 16.63 to negative (Tk 12.98) if the necessary reserve had been established in 2024.
It is important to note that Standard Bank, which went public on the stock exchange in 2003, has Tk 1,158.4 crore in paid-up capital. 67.10 percent of this is owned by investors from different stock market classes, excluding directors and entrepreneurs. On Wednesday, July 2, the share price of the company was Tk 6.10.