AB Bank posts losses in first quarter

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AB Bank posts losses in first quarter

B Mirror Report: AB Bank PLC, a listed banking company, has released its unaudited financial report for the first quarter (January 25-March 25) ended March 31, 2025 which posted huge loss.

The financial report for the quarter under discussion was reviewed and approved at the meeting of the bank’s board of directors held on Thursday (May 29).

The bank posted a huge loss in the last financial year. The loss per share was 21 taka 28 paisa. The bank could not get out of the loss-making streak in the first quarter of this year as well.

The bank reported a consolidated loss of 2 taka 85 paisa per share in the first quarter of the current fiscal year. The consolidated EPS for the same period last year was 12 paisa.

The company’s cash flow per share was minus 8 taka 87 paisa during the period under review. It was minus 20 taka 30 paisa in the previous year.

The bank’s consolidated net asset value per share (NAVPS) as of March 31, 2025 was 4 taka 47 paisa.

 

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