National Bank PLC’s financial losses widened sharply in the first half of 2026 as stressed loans prevented the lender from recognising expected interest income, while financing costs remained largely unchanged.
The bank reported a consolidated loss per share of Tk7.10 for January-June 2026, more than double the restated per share loss of Tk3.06 recorded in the same period a year earlier.
The pressure was less intense in the April-June quarter, with consolidated loss per share widening to Tk3.58 from a restated loss of Tk2.37 per share a year ago.
National Bank said it could not recognise interest income from loans and advances that had been rescheduled with grace periods and from delinquent loans due to non-recovery.
At the same time, interest expenses on deposits and borrowings remained largely unchanged, resulting in an operating loss during the period.
The impact of weak earnings was also reflected in the bank’s financial position. Solo net operating cash flow per share stood at negative Tk2.27 in the first six months of 2026, compared with negative Tk9.26 in the same period last year.
Its consolidated net asset value per share deteriorated to negative Tk14.49 as of 30 June 2026 from negative Tk1.91 a year earlier, indicating further pressure on the bank’s balance sheet.
Despite the weak financial performance, National Bank said its board and management remain committed to restoring financial strength through intensified loan recovery efforts, mobilisation of low-cost deposits and other strategic measures aimed at improving overall performance.
National Bank shares, with a face value of Tk10 each, closed unchanged at Tk3.80 on the Dhaka Stock Exchange on Tuesday.
