ICB Islamic Bank PLC reported a wider loss for the first quarter of 2026, while its board also decided not to recommend any dividend for the year ended December 31, 2025, extending its long-running streak of no shareholder payouts.
The bank’s unaudited financial statements for the January–March 2026 period and audited results for 2025 were disclosed on the Dhaka Stock Exchange (DSE) website on Wednesday. The financial statements and the no-dividend decision were approved at a board meeting held on Tuesday.
According to the financial results, the bank posted a loss per share (LPS) of Tk 0.36 for the first quarter ended March 31, 2026, compared with Tk 0.15 in the same period a year earlier, indicating a significant increase in quarterly losses.
As of March 31, 2026, the bank’s net asset value (NAV) per share remained negative at Tk 22.36.
For the full year 2025, the bank reported a loss per share of Tk 1.22, improving from Tk 1.42 in 2024, reflecting a modest reduction in annual losses.
Shareholders will vote on the no-dividend proposal and other agenda items at the bank’s Annual General Meeting (AGM) scheduled for September 21. The record date has been fixed for July 28.
Listed on the stock exchange in 1990, ICB Islamic Bank has a paid-up capital of Tk 664.70 crore. General investors currently hold 47.24% of the bank’s outstanding shares. The stock closed at Tk 2.80 on Tuesday.
