Dhaka, June 12 -- State-run Janata Bank PLC has reported a staggering loss of Tk 3,066 crore for the year 2024, marking one of the largest financial setbacks in the history of Bangladesh's banking sector. The loss comes as a sharp reversal from a modest profit of Tk 62 crore recorded in 2023.

According to the bank's recently published financial statements, the loss per share (LPS) stood at Tk 132.51 in 2024, a drastic decline from the earnings per share (EPS) of Tk 2.68 in the previous year. The financial blow is primarily attributed to a dramatic fall in net interest income, which dropped from Tk 282.32 crore in 2023 to a net interest loss of Tk 3,042 crore last year.

The bank's net operating cash flow per share also worsened significa...