The profits of banks listed on the share market were less than half during the first six months this year compared to what they had earned during a corresponding period last year.In 2012, 29 listed banks had together made a profit of Tk 24.33, but their showing this year has been Tk 10.49 billion.
Analysts blame the drop on the country’s present political scenario, irregularities in loan management, corruption, and the availability of competitive loans from foreign banks..
The Dhaka Stock Exchange has published the profit details, till Thursday, of 29 of the 30 enlisted banks.
The data show, the profits of 21 banks had fallen, one had actually suffered a loss, while seven had managed to push up profits.
Analysts say the situation was particularly bad during the first three months but the banks managed to cut the profit gap from April and June. – bdnews24.com
