Staff Correspondent:

Global Islami Bank has revised its 2023 financial statements, revealing significant losses, despite previously reporting a profit and recommending a 5% cash and 5% stock dividend for shareholders.

In a disclosure on Wednesday, the private sector lender said after the correction, its loss per share for 2023 stood at Tk21.79, compared to the earlier reported earnings per share (EPS) of Tk1.30.

The bank also reported a rectified net asset value (NAV) per share of Tk9.14 and a rectified net operating cash flow per share (NOCFPS) of Tk0.16 for the year ended 31 December 2023.

However, it confirmed that there are no changes to the EPS, NAV per share, and NOCFPS figures for the audited financials of 2022.