Bank Asia PLC, a private-sector lender, has approved a Tk120 crore capital injection into its wholly owned subsidiary, Bank Asia Securities with a view to diversifying its portfolio.
Subsequently, Bangladesh Bank has approved the capital injection, Bank Asia said in a disclosure published on the stock exchange website today (3 December).
Bank Asia Securities is a majority-owned subsidiary incorporated in Bangladesh and acts as a stock broker and stock dealer in capital market.
Bank Asia has three subsidiary companies, including Bank Asia Securities in Bangladesh and two others in the UK and USA.
Mohammad Ibrahim Khalil, FCA told The Business Standard, the bank has decided to inject funds into the subsidiary mainly to diversify the portfolio as the bank observed potentiality in the securities business is high.
“That is why, the bank will inject funds into the subsidiary; the subsidiary firm will continue its business like lending to its clients, and investment,” he added.
According to its annual report for 2024, despite bearish movements of the capital market, Bank Asia Securities has advanced its position to 7 from 9 of DSE’s Top – 20 in consideration of daily turnover throughout the year of 2024.
Total Operating profit of Bank Asia Securities stood at Tk16 crore in 2024 against Tk10.8 crore in 2023.
Margin loan outstanding stood at Tk421.5 crore on 31 December 2024, the report showed.
It made a profit of Tk63.97 lakh with an earnings per share (EPS) of Tk0.32, which was Tk41.67 lakh and Tk0.21 respectively.
Bank Asia PLC in the first nine months during the January to September of 2025, has made a profit of Tk351.27 crore with an EPS of Tk2.58, which was Tk205.55 crore and EPS of Tk1.44 in the same time of the previous fiscal year.
In 2024, it made a profit of Tk286.79 crore, which was Tk247.88 crore in 2023. It had paid 10% cash and 10% stock dividend for 2024.