NRB Commercial Bank now in 'A' category

FE Report | Tuesday, 3 August 2021

NRB Commercial Bank has been placed in 'A' category from existing 'N' category with effect from today (Tuesday) as the bank reported disbursement of dividends for the year 2020.
The private commercial bank disbursed 7.50 per cent cash and 5.0 per cent stock dividends for the year ended on December 31, 2020.
The bank has informed that it has credited the bonus shares for the year 2020 to the respective shareholders' BO accounts and it has also disbursed the cash dividend to the respective shareholders, according to a disclosure on Monday.
The stock brokers and merchant bankers are requested to abstain from providing loan facilities to purchase security of NRB Commercial Bank in between 1st to 30th trading day after change of categorisation as per the BSEC directive dated on October 27, 2015.
NRB Commercial Bank, which made trading debut on March 22 this year raised Tk 1.20 billion from the stock market through IPO using the fixed price method for buying government securities and enhances the lender's investment in the stock market.
Each share of the bank closed at Tk 28.60 on Monday. Its share traded between Tk 11 and Tk 40.40 since listing with the stock market.
The bank's consolidated earnings per share (EPS) soared 213 per cent to Tk 0.69 for April-June 2021 as against Tk 0.22 for April-June 2020.
The consolidated EPS was Tk 1.11 for January-June 2021 as against Tk 0.49 for January-June 2020.
The consolidated net operating cash flow per share (NOCFPS) was negative Tk 0.78 for January-June 2021 as against Tk 1.27 for January-June 2020.
The consolidated net asset value (NAV) per share was Tk 15.30 as on June 30, 2021 and Tk 10.95 as on June 30, 2020.
The bank's paid-up capital is Tk 7.37 billion, authorised capital is Tk 10 billion and the total number of securities is 737.64 million.
The sponsor-directors own 73.32 per cent stakes in the bank while the institutional investors own 3.13 per cent and the general public 23.55 per cent as of June 30, 2021, the DSE data shows.
The bank began its journey on April 2, 2013, as a scheduled bank.

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