Bangladesh Finance faced substantial challenges in 2023, resulting in its first-ever annual loss of Tk 1.05 billion. This stark contrasted with its profit of Tk 236 million in the previous year, as revealed in its audited financial statements. The NBFI slipped into the red primarily during the fourth quarter of 2023 due to heightened provisions against stressed loans and increased interest suspense.
The consolidated earnings per share (EPS) for the year plummeted to Tk 5.60 negative, contrasting sharply with Tk 1.25 positive EPS a year earlier. The significant losses incurred in the fourth quarter alone were sufficient to offset profits accumulated over the previous four years. Consequently, the board decided not to declare any dividends for the first time since the company was listed on stock exchanges in 2007.
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