B Mirror Report: Listed lender NRB Bank is set to face an additional tax burden after its board of directors decided not to declare any dividend for the 2025 financial year despite a significant rise in profit.
According to market regulations introduced in the FY2018–19 budget, listed companies are required to distribute at least 30 percent of their profits as dividends. Companies retaining more than 70 percent of their earnings are subject to an additional 10 percent tax on the retained amount.
NRB Bank reported a net profit of Tk138.1 million in 2025, with earnings per share (EPS) rising to Tk0.20 from Tk0.11 a year earlier. However, the board recommended no dividend for shareholders, meaning the entire profit will be transferred to retained earnings.
As a result, the bank will have to pay an additional tax of around Tk13.8 million on the retained profit.
The bank faced a similar situation in 2024 when it also declared no dividend despite posting a net profit of Tk76.9 million, leading to an extra tax liability of about Tk7.7 million.
NRB Bank’s profit increased by around 81 percent year-on-year in 2025, but shareholders will once again receive no dividend payout.
The bank, which was listed on the stock market in 2024, currently has a paid-up capital of Tk6.91 billion. Public investors other than sponsors and directors hold 44.01 percent of its shares.
On Tuesday, the bank’s share price closed at Tk5.50 on the stock exchange.
