First Security Islami Bank Suffers Massive Loss in Nine Months

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First Security Islami Bank Suffers Massive Loss in Nine Months

First Security Islami Bank, a listed company on the stock market, has reported a staggering loss of Tk 57,576.30 crore from its business operations during the first nine months of the current year (January–September 2025).

According to company sources, the bank incurred a loss per share of Tk 476.57 during the nine-month period, compared to a profit of Tk 0.48 per share in the same period last year. This represents a deterioration of Tk 477.05 per share, or a decline of approximately 99,385 percent year-on-year.

The situation worsened further in the third quarter (July–September 2025). During this period, the bank recorded a loss per share of Tk 462.57, whereas the loss per share in the corresponding quarter of the previous year stood at Tk 0.26. As a result, the quarterly loss increased by Tk 462.31 per share, reflecting a sharp rise of about 177,812 percent.

Meanwhile, the bank’s net asset value per share (NAVPS) stood at negative Tk 460.18 as of September 30, 2025, highlighting severe erosion of shareholders’ equity.

Market analysts say the figures reflect extreme financial distress and have raised serious concerns among investors regarding the bank’s financial stability and future prospects.

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