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Premier Bank reported a loss of Tk 1.64 billion for the April-June quarter this year mainly due to higher interest expenses, while it had a profit of Tk 1.16 billion in the same period last year.
The loss could have been bigger, as the bank did not mention any provision in its unaudited income statement released on Thursday.
Earnings per share (EPS) stood at Tk 1.33 in the negative for Q2 of 2025, as opposed to a profit of Tk 0.94 for the same quarter a year earlier.
The bank incurred a net interest loss of Tk 1.90 billion in the quarter; it earned Tk 6.72 billion in interest but bore interest expenses of Tk 8.62 billion. That indicates that a large portion of the bank's assets, particularly loans, has become non-performing crippling its core business operations.
In the same quarter of 2024, the bank had kept a provision of Tk 0.57 billion.
For the January-June period of 2025, Premier Bank recorded a loss of Tk 1.37 billion, whereas it made a profit of Tk 1.95 billion in the same period last year.
On Thursday, the bank released delayed first-quarter results and 2024 results.
Profit plunged 64 per cent year-on-year to Tk 0.28 billion in Q1 through March.
The bank failed to declare any dividend for 2024 - the first time since its listing in 2007 - as its annual profit fell 68 per cent year-on-year to Tk 1.34 billion.
Its cash flow also deteriorated sharply, with net operating cash flow per share plunging to Tk 7.64 in the negative in January-June this year
Meanwhile, Premier Bank's share price closed at Tk 6.80 each on the Dhaka Stock Exchange on Thursday, down 1.45 per cent from the previous day.
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