- Dhaka
Trust Bank PLC reported a decline in profit for the first quarter of 2025 due to rising expenses affecting its earnings. The bank’s profit fell by 8 percent year-on-year to Tk 29.37 crore, according to its financial statement. Meanwhile, its annual profit dropped 11 percent year-on-year to Tk 372.31 crore in 2024.
Earnings per share (EPS) decreased to Tk 0.32 in January-March from Tk 0.35 in the same period last year. The bank attributed the EPS decline to increased expenses. However, net operating cash flow per share (NOCFPS) rose to Tk 13.82 from Tk 7.10 in the same quarter last year. This growth was driven by higher customer deposits and a reduction in loans and advances.
Trust Bank’s income from investments surged 91 percent year-on-year to Tk 313.26 crore in the first quarter, mainly due to increased investments in treasury bills and bonds. Commission, exchange, and brokerage income also rose 25 percent year-on-year to Tk 96.99 crore, supported by higher exchange gains on foreign currencies.
Provisions against loans and advances increased 7 percent to Tk 214.70 crore due to a rise in classified loans. The bank’s current tax expenses grew due to higher operating profit.
As of April 3, 2025, sponsor-directors held 60 percent of the bank’s shares, institutional investors 22.24 percent, foreign investors 0.02 percent, and general investors 17.14 percent, according to Dhaka Stock Exchange data. Operating since 1999, Trust Bank is sponsored by the Army Welfare Trust and runs 119 branches, SME centres, and eight sub-branches nationwide.
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