News Briefs (15-07-2019)

Shanta First Income Unit Fund declares 8.0pc dividend

Shanta First Income Unit Fund (SFIUF) has declared 8.0 per cent dividend for the Fiscal Year 2018-19 ended on 30 June 2019. Shanta Asset Management Limited (SAML) - the Sponsor and Asset Manager of the fund - informs that the unit holders, whose names are appeared in the register on 30 June 2019, will be entitled to receive the aforesaid dividend. During this time, the fund has posted BDT 0.89 Earnings Per Unit (EPU). On top of that, the total return of the fund was 12.0 per cent during this time while DSEX gained 0.3 per cent. Commencing the subscription on 14 February 2018, the fund was fully subscribed on the very first day of the subscription. The fund continuously outperformed DSEX, the broad index of Dhaka Stock Exchange. Since inception, the fund generated a NAV return of 19.4 per cent whereas DSEX declined 7.0 per cent as on 30 June 2019. Mr. Mohammad Emran Hasan, Chief Executive Officer (CEO) of SAML said, "Fund managers faced a lot of obstacles due to a sluggish and volatile capital market in the last fiscal year. I believe, our investors are satisfied with this 12.0 per cent return in comparison to the return of other investment options. We will put on our best effort to continue providing superior return in future." — Statement

ONE Bank Limited celebrated its 20th Founding Anniversary on Sunday at its Corporate HQ. M. Fakhrul Alam, Managing Director cut a cake along with senior executives and employees of the bank to mark the occasion

ONE Bank celebrates 20th anniversary

ONE Bank Limited celebrated its 20th founding anniversary on Sunday. Presently, the Bank is operating through 100 Branches, 102 ATM Booths, 2 Banking Booths and 18 Collection Booths across the country.

— Statement