News Briefs-(7-6-2018)

Showkat Ali Chowdhury

EBL gets new chairman

Md. Showkat Ali Chowdhury has been elected chairman of the board of directors of Eastern Bank Ltd. (EBL) at the bank's board meeting held on Tuesday. A renowned business leader of the country, Md. Showkat Ali Chowdhury is successfully running a business conglomerate with diverse interests in ship-breaking and recycling, tea plantation and production, RMG industry, real estate, agency business and engineering services, container terminal and handling, commercial banking, insurance, shares and securities. He joined the board of EBL in 1993.— Statement

DSE, CSE Eid holidays

The DSE and CSE has announced one day special holiday on June 14 in addition to government holidays for Eid-ul-Fitr. Trading and official activities of the stock exchange will resume to its previous schedule (trading hours: 10:30 am to 2:30 pm and office hours: 9:30 am to 5:30 pm) after the holidays. — DSE Online

Credit rating

First Security Islami Bank Limited: Emerging Credit Rating Ltd. (ECRL) has assigned the surveillance rating of the company as "A+" in the long term and "ST-2" in the short term along with a stable outlook of the company based on audited financial statements up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating. — DSE Online