Dhaka, Bangladesh (BBN) – The un-audited operating profit of the country's private commercial banks (PCBs) showed an upward trend in the first half (H1) of the current calendar year (January-June period of 2014).

The Pubali Bank Ltd earned BDT 3.40 billion in operating profits in the first six months of this calendar year compared to BDT 3.30 billion in the corresponding period of the last year.

The operating profit of Bank Asia Ltd. rose to BDT 2.76 billion during the period from BDT 2.59 billion in the first half of the last calendar year.

The IFIC Bank Ltd earned BDT 2.0 billion as operating profit against BDT 1.65 billion while operating profit of the Dutch Bangla Bank rose to BDT 2.55 billion from Tk 2.40 billion.

The operating profit of Al-Arafah Islami Bank rose to BDT 2.80 billion in the first six months of the current calendar year from BDT 1.95 billion in the same period of previous year.

The NCC Bank Ltd. made operating profits worth BDT 1.75 billion in the H1 of 2014 against BDT 1.57 billion in the same period of the last year.
 

Premier Bank Ltd made operating profit worth BDT 1.50 billion in the first six months of this year against BDT 670 million in the same period of last year while Standard Bank Ltd. earned BDT 1.90 billion as operating profits compared to BDT 1.55 billion. 

The operating profit of First Security Bank Ltd. rose to BDT 940 million during the period under review from BDT 700 million in the same period of 2013.
 

The operating profit does not indicate the actual financial position of a bank. Because, the banks have to leave aside funds for provisioning against bad debts and taxes paid to the government from operating profits.

The operating profits of banks and non-banking financial institutions are a major source of income tax collections from business entities by the National Board of Revenue (NBR). As such, the aggregate position of operating profits of PCBs has an impact, favourable or otherwise, on revenue collections, in the form of direct taxes, by the NBR, depending upon the level of such profits.

The report will be updated on availability of profit data from other banks.

First update:BBN/SSR/AD-01July14-3:30 pm (BST)

Second update: BBN/SSR/AD-01July14-3:47 pm (BST)

Third update:BBN/SSR/AD-01July14-4:19 pm (BST)

Fouth update:BBN/SSR/AD-01JUly14-5:19 pm (BST)

BBN/SSR/AD-01July14-11:48 am (BST)