Written by The Banking Post
Rumee A Hossain, Managing Director of Rangs Industries and sponsor-director of Bank Asia, has announced plans to offload 20 lakh shares of the bank via public trading on the Dhaka Stock Exchange (DSE) over the next 30 working days.
Transaction Details
- Total Holding: 3.98 crore Bank Asia shares
- Planned Sale: 20 lakh shares
- Market Value: Approx. Tk3.20 crore (based on Tk16 closing price on 3 July)
- Stock Movement: Bank Asia shares gained 1.27% on the day of disclosure
The sale has been disclosed per regulatory requirements, with execution planned through DSE’s public trading mechanism.
Bank Asia Shareholding Composition (May 2025)
| Category | Holding (%) |
|---|---|
| Sponsors & Directors | 51.43% |
| Institutional Investors | 39.34% |
| General Public | 9.23% |
Dividend Performance and Earnings Snapshot
For the year 2024, Bank Asia announced:
- Dividend: 10% cash + 10% stock
- Net Profit: Tk286.79 crore (↑16% YoY)
- EPS: Tk2.14 (↑from Tk1.79 in 2023)
- Profit Driver: Strong returns from government securities
However, the bank also reported a 72% spike in classified loans, which climbed to Tk3,347.79 crore—representing 11.39% of total disbursements.
Q1 2025 Performance
- Net Profit: Tk166 crore (↑113% YoY)
- EPS: Tk1.42 (↑from Tk0.67 YoY)
The robust Q1 performance, despite rising NPL pressures, suggests continued resilience in core banking operations, supported by strong investment income.
