Company · Initiation · 31 Oct 2026
2.6% deposit cost earns a 17% ROE, but Tk1,015 crore paid-up capital bars 2026 cash dividends
Fair value range BDT 11–105 (base 53) against a price of 46.6. Current, savings and bills-payable balances are 79.5% of deposits; the gross NPL ratio of 9.2%, funding cost and the dividend rule decide value.
We put Dutch-Bangla Bank's (DBBL) fair value at BDT 11–105, base 53 (probability-weighted 55.6), against a price of 46.6 on 29-Oct-2026. Net profit doubled to BDT 9.65bn in FY2025 (EPS 9.98) after a provision-heavy 2024 [s1 p.149, p.171], and the first half of 2026 earned…
Fair value ৳11–105 · price ৳46.60 (2026-10-29)