Company · Analysis · 29 Oct 2026
ICB: a BDT 46.6bn hole in the share portfolio, two years of losses and a balance sheet now leaning on state money
Investment Corporation of Bangladesh lost BDT 12.1bn in FY2025 and BDT 6.5bn in FY2026 (announced). Its portfolio was 31% below cost at June 2025, the unprovided part (BDT 32.8bn) was larger than book equity, and Bangladesh Bank and the government now fund 38% of its borrowings.
Investment Corporation of Bangladesh (ICB) is a state-owned investment bank set up by ordinance in 1976 and now governed by the ICB Act 2014. It holds one of the largest share portfolios on the Dhaka Stock Exchange, BDT 149.8bn at cost at June 2025, which…