One Bank earns Tk 448.9m half-yearly operating profit
Thursday, 26 July 2007
FE Report
One Bank Limited (OBL) has earned an operating profit of Tk 448.90 million (44.89 crore) for the half year ended on June 30, registering a 53.53 per cent growth over that of the corresponding period of the preceding year as per the bank's unaudited and provisional financial statements, said a press release.
The release also said, OBL's earning per share (EPS) was Tk 21.56, which has increased by 21.95 per cent. Its deposits rose to Tk 21,093 million, marking an increase of 22.22 per cent.
The bank's loans and advances was Tk 16,807 million, a growth of 21.41 per cent over that of the preceding year. Its import business increased by 20 per cent to Tk 12,423 million, and export business scaled up by 25 per cent to Tk 9,255 million.
Besides, OBL's number of branches has increased from 20 to 26, across the country's important business hubs. Its capital adequacy ratio stood at 10.51 per cent against required 9.0 per cent.
Credit Rating Information and Services Limited (CRISL) has reaffirmed OBL 'A' in the long-term rating and 'ST-3' in the short-term rating on the basis of the bank's financial condition up to December 31, 2006.
These ratings have been assigned on the basis of its satisfactory capital base, strong non-funded income base, diversified product line, adequate liquidity position and satisfactory asset quality, the release added.
One Bank Limited (OBL) has earned an operating profit of Tk 448.90 million (44.89 crore) for the half year ended on June 30, registering a 53.53 per cent growth over that of the corresponding period of the preceding year as per the bank's unaudited and provisional financial statements, said a press release.
The release also said, OBL's earning per share (EPS) was Tk 21.56, which has increased by 21.95 per cent. Its deposits rose to Tk 21,093 million, marking an increase of 22.22 per cent.
The bank's loans and advances was Tk 16,807 million, a growth of 21.41 per cent over that of the preceding year. Its import business increased by 20 per cent to Tk 12,423 million, and export business scaled up by 25 per cent to Tk 9,255 million.
Besides, OBL's number of branches has increased from 20 to 26, across the country's important business hubs. Its capital adequacy ratio stood at 10.51 per cent against required 9.0 per cent.
Credit Rating Information and Services Limited (CRISL) has reaffirmed OBL 'A' in the long-term rating and 'ST-3' in the short-term rating on the basis of the bank's financial condition up to December 31, 2006.
These ratings have been assigned on the basis of its satisfactory capital base, strong non-funded income base, diversified product line, adequate liquidity position and satisfactory asset quality, the release added.