Bangladesh, July 23 -- Jamuna Bank's second-quarter (Q2) profit surged almost 50 per cent year-on-year to Tk 1.96 billion in April-June this year, driven by higher investment income, lower provisioning and improved operating performance.Investing

The third-generation private commercial bank reported consolidated earnings per share (EPS) of Tk 2.09 for the quarter, up from Tk 1.40 in the corresponding period a year earlier, according to a price-sensitive disclosure published on Wednesday.

The bank said the rise in earnings was mainly supported by increased investment income, reduced provisioning requirements and higher net profit after tax during the reporting period.

The lender benefited from investments in government securities, incl...