AB Bank Limited Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 28, 2019 at 07:13 pm IST
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AB Bank Limited announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was BDT 620.085 million compared to BDT 300.074 million a year ago. Net income was BDT 27.023 million compared to BDT 10.732 million a year ago. Basic earnings per share was BDT 0.04 compared to BDT 0.01 a year ago. For the nine months, net interest income was BDT 1,961.579 million compared to BDT 1,459.447 million a year ago. Net income was BDT 141.312 million compared to BDT 308.756 million a year ago. Basic earnings per share was BDT 0.19 compared to BDT 0.41 a year ago.
AB Bank PLC, formerly AB Bank Limited, is a Bangladesh-based private commercial bank. The Bank, through its branches and non-banking subsidiaries, provides a range of financial services and products in Bangladesh and in international markets. The Bank offers products and services, including corporate and structured finance, small and medium enterprise, treasury and foreign exchange products, retail loan products, automated challan, deposit products, and Islamic banking services, including deposit products and investment products. Its service products include 24-hour ATM access, Online Banking, SMS Banking, Internet Banking, SWIFT, Locker Service, Custodian Service, and a 24/7 Call Center. The Bank has approximately 105 branches, including one Islamic Banking branch and one overseas branch in Mumbai, India. The Bankâs subsidiaries include AB Investment Limited, AB Securities Limited, Cashlink Bangladesh Limited, Arab Bangladesh Bank Foundation and AB International Finance Limited.