Bank Asia posts Tk 103 crore Q3 loss despite strong cash flow

Bank Asia PLC reported a significant loss of Tk 103.13 crore in Q3 2024, compared to a Tk 27.74 crore profit in the same period last year. The loss per share was Tk 0.89, down from earnings of Tk 0.18. The bank’s January-September profit also declined 42% year-on-year to Tk 205.55 crore. Despite these losses, net operating cash flow improved to Tk 32.91 from Tk 17.06, driven by increased deposits.READ FULL