Written by The Banking Post
National Bank Ltd. (NBL) posted a consolidated loss of Tk985 crore in the first half of 2024, a 54% increase from the same period last year, according to a price-sensitive disclosure filed with the Dhaka Stock Exchange (DSE).
As of June-end, the bank’s loss per share stood at Tk3.06, reflecting mounting operational and asset quality challenges.
The lender attributed its deteriorating financial position to an inability to recognize interest income on loans and advances due to poor recovery rates from defaulted borrowers. Additionally, elevated interest expenses on deposits and borrowings further deepened the loss.
The latest figures underscore the strain on NBL’s profitability amid persistent asset recovery difficulties and rising funding costs—adding pressure to its efforts to stabilize core operations.
