IFIC Bank, CDBL sign share demat deal
Monday, 24 September 2007
FE Report
International Finance Investrnent and Commerce Bank Ltd (IFIC Bank) signed an agreement with Central Depository Bangladesh Ltd (CDBL) in the city recently.
The agreement provides for the dematerialisation of IFIC Bank shares traded in the stock exchange through the central depository system (CDS) of CDBL which will help eliminate the risk of damage, loss, forgery and duplication of share documents. Delivery through electronic book entry under CDS will also help prompt transfer of ownership.
IFIC Bank Ltd Managing Director Mashiur Rahman and Managing Director of CDBL MH Samad signed the agreement on behalf of their respective organisations.
Directors and senior executives of the bank were also present on the occasion, among others.
International Finance Investrnent and Commerce Bank Ltd (IFIC Bank) signed an agreement with Central Depository Bangladesh Ltd (CDBL) in the city recently.
The agreement provides for the dematerialisation of IFIC Bank shares traded in the stock exchange through the central depository system (CDS) of CDBL which will help eliminate the risk of damage, loss, forgery and duplication of share documents. Delivery through electronic book entry under CDS will also help prompt transfer of ownership.
IFIC Bank Ltd Managing Director Mashiur Rahman and Managing Director of CDBL MH Samad signed the agreement on behalf of their respective organisations.
Directors and senior executives of the bank were also present on the occasion, among others.