B Mirror Report:  Non-bank financial institution Bangladesh Finance reported a 120% year-on-year increase in profit for the first quarter of 2026, driven by higher investment income and the reversal of provisions against troubled assets.

According to the company’s financial disclosure, net profit rose to Tk20.71 million in the January–March quarter, compared with Tk9.41 million in the same period a year earlier.

Its earnings per share (EPS) increased to Tk0.11 from Tk0.05 a year ago.

Bangladesh Finance, formerly known as BD Finance, has been operating for more than 25 years, serving SME, retail and corporate clients.

The company had suffered heavy losses in recent years after a sharp rise in non-performing loans forced it to maintain large provisions against classified loans, leases and capital market exposure. Bangladesh Finance reported a loss of around Tk1 billion in 2023, which widened further to Tk7.83 billion in 2024.

Higher funding costs, sluggish investment activities and broader macroeconomic challenges also affected its performance during the period.

However, the company returned to profitability in 2025 and continued its recovery trend in the first quarter of this year.

In its disclosure, Bangladesh Finance said the improved earnings were mainly supported by realised capital gains from investments in securities and the reversal of provisions maintained against loans, leases and investments.

Despite the profit growth, the company’s cash flow performance weakened slightly.

Net operating cash flow per share (NOCFPS) declined to Tk0.04 during the January–March period from Tk0.05 in the corresponding quarter of the previous year due to lower net interest income.

Meanwhile, consolidated net asset value (NAV) per share improved marginally to negative Tk28.96 as of March 2026, compared with negative Tk29.07 at the end of December 2025.

Following the disclosure, the company’s share price rose 3.64% to Tk11.40 on the Dhaka Stock Exchange on Sunday.