Bangladesh Finance continues recovery with 120pc profit jump

FE REPORT | Published: May 17, 2026 21:58:08

Non-bank financial institution Bangladesh Finance posted a 120 per cent year-on-year jump in first-quarter profit to Tk 20.71 million, supported by higher investment income and the reversal of provisions.
Its earnings per share (EPS) rose to Tk 0.11 for the January-March quarter from Tk 0.05 in the same period a year earlier.
Bangladesh Finance, formerly known as BD Finance, has been operating in the country for more than 25 years, serving the SME, retail and corporate segments.
Once considered a highly profitable firm, the company slipped into losses in 2023, reporting a loss of around Tk 1 billion. The loss further widened to Tk 7.83 billion in 2024.
The sharp losses stemmed mainly from a surge in non-performing loans, forcing the company to maintain hefty provisions against classified loans, leases and capital market exposure. Rising fund costs, stagnant investment activities and broader macroeconomic pressures also weighed on its financial performance.
However, the company returned to profitability in 2025 and has continued the recovery trend into 2026.
According to its disclosure, the consolidated EPS for the first quarterthis year increased compared to the corresponding period of the previous year, mainly due to realised capital gains from investments in securities and the reversal of provisions maintained against loans, leases and investments.
Despite the rise in profit, both cash flow and net asset value (NAV) per share declined during the period.
Net operating cash flow per share (NOCFPS) fell to Tk 0.04 in January-March this year from Tk 0.05 in the corresponding period of the previous year.
"The consolidated NOCFPS marginally decreased compared to the corresponding period of the previous year due to lower net interest income during the period," the company said in its disclosure.
Meanwhile, consolidated NAV per share stood at negative Tk 28.96 as of March this year compared with negative Tk 29.07 as of December last year
Following the disclosure, however, the company's share pricerose 3.64 per cent to Tk 11.40 on Sunday on the Dhaka Stock Exchange.
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