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Tuesday 28th May 2024
Equity Coverage on Dhaka Bank PLC.
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Equity Coverage on Dhaka Bank PLC.

Equity Coverage on Dhaka Bank PLC.

Dhaka Bank PLC. (DHAKABANK) is a leading private commercial bank of Bangladesh which provides wide array of financial products and services that includes all kinds of conventional and Islamic banking activities. The bank is one of the largest private sector commercial bank in Bangladesh in terms of total assets, which stood at BDT 347,693 million, as at the end of 2022 with a CAGR of 8.5% over the past five years.

Industry wise credit deployment

Total loans and advances portfolio recorded a double-digit growth of 11.3% and reached at BDT 238,842 mn as on December 2022 as against BDT 214,607 mn as on December, 2021. Dhaka bank’s total deposits portfolio recorded a nominal growth of 5.7% to BDT 242,980 mn in 2022 from BDT 229,946 mn in 2021.

NPL ratio movement

The total classified loans of the bank stood at BDT 12,188 million, the reported NPL was only 5.1% as against the sector average of 10.16% in 2022. ROE of Dhaka Bank stood at 8.09% as at December 2022, compared to 10.53% reported at the end of the year 2021.

Closure

Investors will get a comprehensive understanding of Dhaka Bank PLC. through the equity coverage, which covers mainly the bank’s operational activities, financial performance and forecasts, capital market performance, and so on. Based on the encyclopedic analysis, it’s presumed to be a good investment for the value investors.

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