Islami Bank’s Consolidated Profit Rise 64.6% YoY on Higher Capital Market Returns

Islami Bank Bangladesh Limited's (Islami Bank) consolidated profit has risen 64.6% year-on-year (YoY) in the third quarter of 2021 (3Q 2021) owing to higher capital market returns.

Why it Matters?

In 3Q 2021, Islami Bank recorded consolidated profit of BDT 949.6 million, versus BDT 573.8 million in the same period of the previous year. The bank earned BDT 1.0 billion through investments in shares and securities from July to September 2021, a 265% increase over the same period in the previous year. The consolidated net profit for the first nine months of 2021 (January to September) was BDT 4.3 billion, up from BDT 3.7 billion in the same period the previous year.

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