Investment Corporation of Bangladesh (ICB), a state-owned non bank financial institution, has incurred Tk588 crore consolidated loss in the first nine months of the current fiscal year.
The ICB approved the nine months financials at its board of directors meeting held today (28 April).
The losses almost doubled over the same time of the previous fiscal year as it had incurred loss of Tk277 crore, its data showed.
Regarding the loss, ICB attributed lower capital gains from buying and selling shares and increasing interest rate for deposits.
Its quarterly data showed, during the July to march period, its loss per share stood at Tk6.79.
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