The operating profit of four banks in the capital market is one and a half thousand crores.

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The operating profit of four banks in the capital market is one and a half thousand crores.

In the first half of this year (January-June), the operating profit of 4 state-owned and private sector banks listed in the capital market was 1 thousand 490 crores. These banks have made operating profit amid multi-faceted crises including bad debt, dollar, and liquidity crises.

This information is known from the relevant sources of the banks. However, the profit information of other listed banks was not available till the time of writing this report.

Listed banks that have made operating profit are Rupali Bank, Southeast Bank, Union Bank, and Social Islami Bank.

According to the data, the profit of state-owned Rupali Bank has been 450 crores during January-June 2024. During the same period of the previous year, the operating profit of the bank was 320 crores. That is, the operating profit of Rupali Bank has increased by 130 crore during the current year.

Meanwhile, the operating profit of Southeast Bank, listed among private banks, was 579 crores. The bank made a profit of Tk 407 crore during the same period last year. In one year, the operating profit of the bank increased by Tk 172 crore.

On the other hand, Union Bank and Social Islami Bank listed in the capital market have earned an operating profit of Tk 211 crore and Tk 211 crore.

However, operating profit is not the actual profit of a bank. Operating profit is what remains after deducting expenses from income. After deducting bad debt, accruals, and corporate tax from the operating profit, what is left is the net profit. Listed banks pay dividends to shareholders out of net profit.

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