Finance News: Latest Financial News, Finance News today in Bangladesh

Most banks offer lower dividends in 2017

FE ReportThe board of directors of 16 banks, out of 30 listed banks, declared lower dividends for 2017 than that of the previous year as the profit margins declined due to huge provisioning.Only five banks declared higher dividends than that of the previous year while seven declared similar dividends and...

IBN Sina completes sale of IBBL stake

FE ReportIBN Sina Trust, one of the corporate sponsors of Islami Bank Bangladesh Limited (IBBL), has completed sale of its entire holdings in the company.Earlier on April 26, the trust expressed its intention to offload the entire holdings in the IBBL.On May 3, the IBBL made a disclosure on completion...

Sebi allows exchanges to extend trading hours for derivatives

MUMBAI, May 5 (NDTV): The Securities and Exchange Board of India (SEBI) on Friday said that it has permitted stock exchanges to extend trading hours for the equity derivatives segment from October 1, 2018.According to a SEBI cicular issued on Friday, stock exchanges have been allowed to set their trading...

No loan to buy AB Bank stocks

The stock brokers and merchant bankers are requested to abstain from providing loan facilities to purchase securities of AB Bank Limited with effect from today (Sunday) as per a BSEC directive. The bank will be placed in "Z" category from existing "A" category with effect from today (Sunday) as the...

Investment in City Bank's subsidiary

As against the offer of City Brokerage Ltd, a subsidiary of the City Bank Limited, the board of directors of the company has decided to invest in share capital for an amount of Tk 300 million (equivalent shares of 30 million @ Tk. 10 each) of the subsidiary, subject to...

Bay Leasing credit rating

Emerging Credit Rating Limited (ECRL) has assigned "A" as long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of Bay Leasing & Investment Limited up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the...

Board meetings (06-05-2018)

Prime Insurance: A board meeting of the company will be held on May 14, 2018 at 3:30 pm to consider, among others, un-audited financial statements of the company for the first quarter (Q1) period ended on March 31, 2018.BD Finance: A board meeting of the company will be held on...

Listed cement cos see moderate fall in Jan-Mar quarter earnings

Mohammad MufazzalThe earnings of listed cement companies declined moderately for January-March quarter of 2018 as compared to the same period of previous year as profit margins squeezed due to multiple reasons included increased prices of raw materials.Manufacturers said the price of cement has not increased as compared to increased manufacturing...

Prime Ins re-elects EC, Audit Committee Chairmen

Nazma Haque has been re-elected as the chairman of the Executive Committee and A. Z. M Sazzadur Rahman as the chairman of Audit Committee of Prime Insurance Company Limited at a board meeting recently, according to a statement. Ms. Nazma Haque is a reputed businesswoman. She was the chairman of...

DSE/CSE News in Brief (6-5-2018)

DSE NEWSSale confirmationShahjibazar Power Co. Ltd.: The company has reported that Mr. Asgar Haider and Ms. Ishrat Azim Ahmad, both are sponsors of the company, have completed their sale of 2,00,000 shares and 5,00,000 shares respectively at prevailing market price through stock exchange as announced earlier. The company has also...