Social Islami Bank Faces Financial Turmoil

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Social Islami Bank Faces Financial Turmoil

Social Islami Bank PLC, a publicly traded banking institution, has published its unaudited financial results for the first quarter (January 25-March 25) ending on March 31, 2025. In contrast to the profit per share recorded during the same period last year, the bank experienced a loss in the quarter being analyzed.

The financial results for the quarter in question were made public following the approval of the bank’s board of directors during a meeting on Thursday (May 29). This information was disclosed by sources within the company.

As per the source, the bank reported a consolidated loss of 1 taka 41 paisa per share for the first quarter of the current financial year. In the previous year, the consolidated income for the same period was 17 paisa.

Throughout the period under review, the company’s cash flow per share stood at minus 21 taka 19 paisa, compared to minus 78 paisa in the prior year.

The bank’s consolidated net asset value per share (NAVPS) as of March 31, 2025 was Tk 16.74.

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