Social Islami Bank Ltd operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Social Islami Bank Ltd with three other
companies in this sector in BANGLADESH :
Eastern Bank Limited
(2020
sales of 28.52 billion Bangladeshi Taka [US$336.86 million]
of which 65%
was Main Operations(DBU)),
Premier Bank Ltd
(28.13 billion Bangladeshi Taka [US$332.19 million]
), and
Mercantile Bank Limited
(27.52 billion Bangladeshi Taka [US$325.00 million]
).
Sales Analysis.
During the first
quarter of 2021, sales at Social Islami Bank Ltd totalled
6.20 billion Bangladeshi Taka.
This is a drop of 19.4%
from the 7.69 billion Bangladeshi Taka in sales at the company during the first quarter in 2020.
This was the biggest quarterly decline in sales at Social Islami Bank Ltd in the previous 30 quarters.
Sales at Social Islami Bank Ltd appear to have some seasonality: during each of the previous 8
years, sales have been highest during the fourth quarter, which has accounted for
between 26.9% and 29.9%
of the annual
sales.
Social Islami Bank Ltd reported sales of 30.01 billion Bangladeshi Taka (US$354.45 million)
for the
year ending
December of 2020.
This
represents
a
decrease of 2.8%
versus 2019, when the company's sales were 30.86 billion Bangladeshi Taka.