Published: May 7, 2025, 04:19 PM
Standard Chartered Bank Bangladesh has achieved a historic milestone in 2024, posting a record net profit of Tk3,300 crore — the highest in the bank`s history and for the country`s banking sector as a whole. This represents a 41% increase compared to the previous year.
The bank`s financial performance was driven by reduced borrowing costs and higher interest and investment income, which contributed to the substantial profit growth, as per the audited accounts. Additionally, the bank successfully reduced its classified loans to Tk836 crore, down from Tk964 crore in the previous year.
This achievement highlights Standard Chartered Bank Bangladesh`s strong financial position and its effective strategies in managing costs and boosting income.
