Bank Asia’s nine-month profit tops 2024 total

Bank Asia posted a 71 percent year-on-year surge in profit for the first nine months of the 2025 financial year, driven by higher investment income.

The private commercial bank logged Tk 351 crore in net profit in the January-September period of the current financial year, surpassing its full-year earnings in 2024, according to its financial statements published yesterday.

The bank posted Tk 277 crore in net profit last year, while its earnings stood at Tk 205 crore in the first three quarters of 2024.

Bank Asia became the second lender after BRAC Bank to report higher profits in the first three quarters than in the full year of 2024.

BRAC Bank's profit stood at Tk 1,536 crore in the January-September period of this year, up from Tk 1,432 crore recorded in 2024.

Bank Asia said its operating profit rose due to higher investment income, which helped offset the decline in interest income and the rise in operational expenses. This ultimately lifted its earnings per share.

Its investment income nearly doubled to Tk 1,930 crore during the period, from Tk 979 crore a year ago.

The bank said its earnings per share increased to Tk 2.58 in the nine months to the end of September, up from Tk 1.44 a year earlier.

It also reported a net profit of Tk 39.90 crore in the July-September quarter, bouncing back from a loss of Tk 103.13 crore in the same period last year.

Bank Asia added that its operating cash flow rose due to higher deposits and a decline in loans and advances.