Following a directive from Bangladesh Bank, First Security Islami Bank PLC has reported a massive loss of BDT 575.76 billion in its revised financial statements for the period from January to September 2025.
According to the bank’s revised unaudited consolidated financial statement for the third quarter ended September 30, 2025, the bank recorded a consolidated loss per share of BDT 462.57 for the July–September quarter. In contrast, the bank had posted an earnings per share (EPS) of BDT 0.26 during the same period in 2024.
For the nine months from January to September 2025, the bank’s consolidated loss per share stood at BDT 476.57, compared to an EPS of BDT 0.48 in the corresponding period of the previous year.
The bank stated that Bangladesh Bank, through a letter dated November 25, 2025, withdrew the previously granted “deferment” facility, under which the bank had been allowed to prepare financial statements without adjusting for provisioning shortfalls. The central bank has now instructed that all required provisions must be fully adjusted before preparing financial statements for the third quarter ended September 30, 2025, and for subsequent reporting periods.
During the January–September 2025 period, the bank’s consolidated net operating cash flow per share (NOCFPS) turned negative at BDT 23.84, compared to a positive BDT 27.16 in the same period of 2024.
Meanwhile, as of September 30, 2025, the bank’s consolidated net asset value (NAV) per share declined sharply to negative BDT 460.18, from BDT 20.66 a year earlier.
Source: The Business Standard (TBS)
