BDBL forms two subsidiaries to deal with business in stock markets
Thursday, 8 July 2010
Bangladesh Development Bank Limited (BDBL) has formed two separate subsidiary companies to deal with business in the share markets, reports UNB.
The new bodies are: BDBL Securities Limited and BDBL Investment Services Limited.
The first meeting of the board of directors of BDBL Securities Limited was held at the bank's Karwan bazar office with its chairman and BDBL director Niaz Rahim in the chair.
Managing director of BDBL and other directors of the new company were present in the meeting. The meeting was told that the company would start functioning soon with authorised capital of Tk 500 million and paid-up capital of Tk 100 million.
Besides, the first meeting of the board of directors of BDBL Investment Services Limited was held at the bank's head office in the city recently with its chairman Selima Ahmed in the chair.
The meeting was told that the company would start functioning soon after getting approval of the authorities concerned.
The authorised capital of the new company was proposed will be Tk 500 million and paid-up capital Tk 100 million.
The new bodies are: BDBL Securities Limited and BDBL Investment Services Limited.
The first meeting of the board of directors of BDBL Securities Limited was held at the bank's Karwan bazar office with its chairman and BDBL director Niaz Rahim in the chair.
Managing director of BDBL and other directors of the new company were present in the meeting. The meeting was told that the company would start functioning soon with authorised capital of Tk 500 million and paid-up capital of Tk 100 million.
Besides, the first meeting of the board of directors of BDBL Investment Services Limited was held at the bank's head office in the city recently with its chairman Selima Ahmed in the chair.
The meeting was told that the company would start functioning soon after getting approval of the authorities concerned.
The authorised capital of the new company was proposed will be Tk 500 million and paid-up capital Tk 100 million.