Written by The Banking Post
Premier Bank PLC posted a net loss of Tk 1.64 billion for the April–June quarter of 2025, reversing a profit of Tk 1.16 billion in the same period last year, as higher interest expenses outweighed income from core banking operations.
Earnings per share (EPS) fell to Tk -1.33 in Q2, compared with Tk 0.94 a year ago, according to the bank’s unaudited financial statements released Thursday.
The bank incurred a net interest loss of Tk 1.90 billion during the quarter, earning Tk 6.72 billion in interest while paying Tk 8.62 billion in expenses. Analysts said this suggests a significant portion of loans has turned non-performing, weakening its core business.
Unlike the same quarter last year, when Premier Bank kept a provision of Tk 0.57 billion, no provision was mentioned in the latest statement, indicating the loss could have been larger if provisioning was accounted for.
For the first half of 2025, the bank reported a cumulative loss of Tk 1.37 billion, compared with a profit of Tk 1.95 billion in the January–June period of 2024.
Premier Bank also released its delayed Q1 results and full-year 2024 earnings on Thursday. Profit in Q1 dropped 64% year-on-year to Tk 0.28 billion, while annual profit for 2024 fell 68% to Tk 1.34 billion, forcing the bank to skip dividend declaration for the first time since its listing in 2007.
Cash flow worsened as net operating cash flow per share plunged to Tk -7.64 in January–June 2025.
On the Dhaka Stock Exchange, Premier Bank’s share price closed at Tk 6.80 on Thursday, down 1.45% from the previous day.
