IFIC Bank (DHA:IFIC) Tax Rate % : 50.57% (As of Jun. 2023)

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What is IFIC Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. IFIC Bank's Tax Expense for the three months ended in Jun. 2023 was BDT465 Mil. IFIC Bank's Pre-Tax Income for the three months ended in Jun. 2023 was BDT919 Mil. Therefore, IFIC Bank's Tax Rate % for the quarter that ended in Jun. 2023 was 50.57%.

IFIC Bank Tax Rate % Historical Data

The historical data trend for IFIC Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IFIC Bank Tax Rate % Chart

IFIC Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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38.32

49.57

50.79

30.87

29.88

IFIC Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Tax Rate %	Get a 7-Day Free Trial															40.74	2.92	39.62	50.57	-

IFIC Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

IFIC Bank's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1280.324	/	4285.556
	=	29.88 %

IFIC Bank's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2023 )	/	Pre-Tax Income (Q: Jun. 2023 )
	=	464.539	/	918.664
	=	50.57 %

IFIC Bank Tax Rate % Related Terms

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IFIC Bank (DHA:IFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IFIC Bank PLC (DHA:IFIC) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

IFIC Tower, 61 Purana Paltan, GPO Box : 2229, Dhaka, BGD, 1000

Website

https://www.ificbank.com.bd

IFIC Bank PLC is a commercial banking company in Bangladesh. The company provides corporate banking, retail banking internet banking, and SME banking. The company is also engaged in Treasury and capital market offering Cash Management, Liquidity Planning, Liquidity Protection, Trading of Foreign Exchange and Money Market Instruments, and Risk Management. Its segments are Corporate; SME; Short term Agri credit; Consumer and Others. It derives interest income from the Conventional banking unit and Off-Shore banking unit.

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