Dhaka Bank PLC, listed on the Dhaka Stock Exchange (DSE), has decided to raise Tk 300 crore by issuing a Contingent-Convertible Perpetual Bond (CCPB) to fortify its capital base. The decision aims to comply with the Basel-III regulatory guidelines set by Bangladesh Bank.
The board of directors approved the proposal during a meeting held on August 13, and the bank formally disclosed the price-sensitive information (PSI) through the DSE. According to the bank, the funds will be raised in line with the central bank’s Risk-Based Capital Adequacy guidelines. The issuance remains subject to regulatory approvals from the relevant authorities, including Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC).
First-Half Financial Performance
Alongside the capital expansion plans, Dhaka Bank released its financial results for the first half of the current fiscal year (January–June).
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H1 Earnings: The bank’s consolidated Earnings Per Share (EPS) declined by 13% (down 14 poisha) to Tk 0.95 for the January–June period, compared to Tk 1.09 recorded in the corresponding period of the previous year.
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Q2 Recovery: Despite the half-yearly slump, the lender experienced a rebound in the second quarter (April–June). Consolidated EPS for Q2 stood at Tk 0.38, reflecting a 31% growth (up 9 poisha) from Tk 0.29 reported in the same quarter of the previous year.
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Net Asset Value: As of June 30, the bank’s consolidated Net Asset Value Per Share (NAVPS) stood at Tk 23.46.
Capital Structure
Dhaka Bank PLC was listed on the stock exchanges in the year 2000. The bank currently holds a paid-up capital of Tk 1,056.93 crore. General investors hold 55.74% of the bank’s total shares, with the remaining stake held by sponsors and directors.
