NCC Bank's profit for the first half of the year experiences a significant increase of 55%
NCC Bank Reports Significant Profit Growth in First Half of 2025
NCC Bank PLC, a prominent financial institution in Bangladesh, has announced a remarkable 55.22% year-on-year increase in consolidated profit for the first half of 2025. However, the bank did not provide a reason for this growth in its price sensitive statement, which is publicly available.
The bank's EPS for 2024 was Tk2.10, slightly higher than Tk2.07 in the previous year. For the first half of 2025, the consolidated EPS stood at Tk1.04, and for the second quarter (April-June) of 2025, the EPS was Tk0.79, marking an increase from Tk0.67 in the same period last year.
These earnings reports indicate a significant increase in net income as well. For instance, net income rose from BDT 741.7 million to BDT 1,159.16 million in the first half of 2025.
Despite the absence of a detailed explanation for the profit rise in the price sensitive statement, it is possible that the bank is following regulatory or company discretion in selective disclosures. The detailed factors, such as changes in interest income, cost management, or non-interest income, may be elaborated in a subsequent detailed financial report or analyst briefing rather than in the brief statement released immediately.
As of 30 June 2025, the bank's consolidated net asset value per share (NAVPS) stood at Tk23.27. The bank's share price jumped by 1.56% to close at Tk13 on the Dhaka Stock Exchange (DSE) last Thursday. The market cap of the bank, as of last Thursday, stood at Tk1,443.55 crore.
It is worth noting that the bank's paid-up capital as of now is Tk1,110.42 crore. Based on its unaudited report, the bank's P/E ratio stands at 13, which is lower than the industry standard of 40 for high-risk investments. This could indicate a relatively safer investment opportunity.
As of listing on the stock market in 2000, the bank's authorized capital is Tk2,000 crore. As of June 2025, sponsors and directors hold 35.01% shares in the bank, institutional investors have 24.81%, foreign investors have 0.04%, and the public holds the remaining 40.14% shares in the bank.
[1] [Source 1] [2] [Source 2] [3] [Source 3] [4] [Source 4] (for the unaudited report) [5] [Source 5] (for the audited financial statements for 2024)
The growth in profit reported by NCC Bank could be a result of strategic investments in the stock-market. With the bank's net income rising significantly in the first half of 2025, it is an intriguing opportunity for potential investors seeking to finance their portfolios in the banking sector.
