In the first quarter of 2024, eight banks listed in the capital market reported profits exceeding Tk 100 crore, despite a notable decline in their share prices. Unaudited financial reports reveal that out of 36 listed banks, City Bank PLC, Shahjalal Islami Bank PLC, Prime Bank PLC, Dutch-Bangla Bank PLC, Eastern Bank PLC, Jamuna Bank PLC, Pubali Bank PLC, and BRAC Bank PLC achieved this profit milestone. However, despite increased profits compared to the same period last year, their share prices have fallen significantly. Market insiders attribute this to low investor interest due to the banks’ overall financial conditions and the central bank’s practice of merging bad banks with good ones.
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