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Most of the listed banks, which so far disclosed financial statements, have witnessed moderate rise in earnings per share (EPS) in 2018 compared to previous year.
The officials said the banks which kept provision in 2017 were able to witness rise in earnings for the year ended on December 31, 2018.
The dividends recommended by many of those banks, however, have almost remained same for the year ended on December 31, 2018 compared to previous year.
- A. Halim Chowdhury, managing director of Pubali Bank, said the banks which avoided provisioning risks in 2017 were not able to see moderate rise in earnings for 2018.
"The provision kept in previous year will also help the banks to see rise in earnings," Mr. Chowdhury said.
According to DSE information, the consolidated EPS of Islami Bank Bangladesh rose to Tk 3.92 from Tk 3.06, Jamuna Bank to Tk 3.07 from Tk 2.77 (restated), BRAC Bank to Tk 5.17 from Tk 4.86, Dutch-Bangla Bank to Tk 21.01 from Tk 12.28, Uttara Bank to Tk 4.17 from Tk 3.83, and Eastern Bank to Tk 4.22 from Tk 3.29.
The consolidated EPS of First Security Islami Bank rose to Tk 2.03 from Tk 1.72, Premier Bank to Tk 2.84 from Tk 2.46, Standard Bank to Tk 1.44 from Tk 1.42, and Bank Asia to Tk 2.01 from Tk 1.90.
The consolidated EPS of Pubali Bank jumped to Tk 3.63 for 2018 from Tk 0.06 (restated) reported for 2017.
Asked, the managing director of Pubali Bank Mr. Chowdhury said they took adequate risk of keeping provision in 2017 and that's why their bank was able to see a sharp rise in EPS for 2018.
The consolidated EPS of Al-Arafah Islami Bank declined to Tk 2.35 from Tk 3.0, Shahjalal Islami Bank to Tk 1.47 from Tk 1.58, City Bank to Tk 2.30 from Tk 3.57 and Exim Bank to Tk 1.65 from Tk 2.34.
Jamuna Bank has recommended 20 per cent cash dividend for the year ended on December 31, 2018 against 22 per cent stock dividend compared to same period of the previous year.
Of others, Al-Arafah Islami Bank recommended 15 per cent cash and 2.0 per cent stock against 15 per cent cash and 5.0 per cent stock, Islami Bank 10 per cent cash against 10 per cent, Shahjalal Islami Bank 10 per cent stock against 10 per cent stock, Bank Asia 5.0 per cent cash and 5.0 per cent stock against 12.50 per cent stock, and BRAC Bank 15 per cent stock against 25 per cent stock.
City Bank has recommended 6.0 per cent cash and 5.0 per cent stock against 19 per cent cash and 5.0 per cent stock, Dutch-Bangla Bank 150 per cent stock against 30.0 per cent cash, Eastern Bank 20 per cent cash and 10 per cent stock against 20 per cent cash, First Security Islami Bank 10 per cent stock against 10 per cent stock, Premier Bank 15.50 per cent against 15 per cent stock and Pubali Bank 10 per cent cash and 3.0 per cent stock against 5.0 per cent cash and 5.0 per cent.
The broad index of the premier bourse witnessed sharp correction in last three months.
The DSEX, the broad index of Dhaka Stock Exchange (DSE), closed at 5904.22 points on January 28 last. Later, the core index stood at 5266.17 points on April 25.
During the period, the broad index declined 11 per cent or 638.08 points due to several reasons including lack of confidence.
Except Dutch-Bangla Bank, the share prices of listed banks witnessed marginal correction in last three months.
On Sunday, the share price of Dutch-Bangla Bank closed at Tk 76.60 each, which was almost 48.08 per cent less than the price of January 28 last.
During January 28 to April 28, the share price of Pubali Bank declined to Tk 27 from Tk 27.40, Islami Bank to Tk 25.10 from Tk 27.80, Jamuna Bank to Tk 19.20 from Tk 20.40, BRAC Bank to Tk 62.80 from Tk 81.60, and Dutch-Bangla Bank to Tk 77 from 148.70.
The share price of Premier Bank declined to Tk 10.80 from Tk 16, Standard Bank to Tk 10.30 from Tk 12.20, Bank Asia to Tk 17.50 from Tk 19.20, Al-Arafah Islami Bank to Tk 20.70 from Tk 22.70, Shahjalal Islami Bank to 24.70 from Tk 28.10, City Bank to Tk 25.30 from Tk 33 and Exim Bank to Tk 11.60 from Tk 13.20.
The share price of First Security Islami Bank has come down below face value. The company's share price closed at Tk 9.50 on April 28 from Tk 12.30 observed on January 28.
During the period, the share price of Eastern Bank rose to Tk 40.80 from Tk 40.20 on the DSE.