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

Investors shy away from stocks, rattled by Moody's rating

The daily trade turnover on the Dhaka Stock Exchange (DSE) tumbled below Tk 4 billion on Wednesday after three weeks as investors were mostly reluctant to make fresh bets on stocks amid macroeconomic concerns.Turnover, a crucial indicator of the market, was Tk 3.93 billion on the country's premier bourse on...

How Pubali Bank's unique policy keeps NPL under control

Pubali Bank PLC has become successful in controlling the burden of non-performing loans (NPLs), thanks to its unique policy of robustly assessing the personal lives of borrowers apart from their business turnover before approving loans.This pre-loan approval measure worked well as the conventional bank managed to keep its NPL ratio...

BD Thai Food's profit hits rock bottom due to hefty Q4 loss

BD Thai Food & Beverage has performed poorly since its listing in January 2022, with its profit plunging to rock bottom in FY24, thanks to an "unusual" loss in the final quarter. It reported a profit of Tk 38.88 million for the nine months through March this year, while the...

Minhaz Manna new shareholder director of DSE

Minhaz Mannan Emon, managing director of BLI Securities, has been elected uncontested as a shareholder-director of the Dhaka Stock Exchange (DSE) for the next three years.Mr Emon will be replaced by Sharif Anwar Hossain, managing director of Sahidullah Securities, who is retiring from the DSE board in line with the...

SOUTHEAST BANK DISTRIBUTES FUND TO SUPPORT FARMERS

SOUTHEAST BANK DISTRIBUTES FUND TO SUPPORT FARMERSSoutheast Bank extended financial support from its corporate social responsibility fund so that farmers can boost yields, purchase equipments and process their produce. Mr. Nuruddin Md. Sadeque Hossain, the bank's managing director, distributed the financial assistance at the bank's head office.

BRAC Bank's deposit grows by Tk 100b in 10 months

BRAC Bank's deposit grew by Tk 100 billion in the first 10 months of the year despite a challenging environment, showcasing the bank's strong market presence and customer trust, according to a press release.To celebrate this achievement, a special event was held at the BRAC Bank's head quarters in the...

Prime Bank signs agreement with Concord Architects

Prime Bank signs agreement with Concord Architects Prime Bank PLC has recently signed an agreement with Concord Architects & Interior Decor Limited at the bank's corporate office. Under this agreement, Prime Bank cardholders are set to enjoy exclusive benefits on design consultancy services & execution from Concord Architects & Interior...

Most Gulf bourses fall, Dubai hits 10-year high

Most stock markets in the Gulf were subdued on Wednesday as investors turned cautious amid simmering geopolitical tensions, although Dubai index hit an over 10-year high on finance and real estate sector gains, reports Reuters.The Abu Dhabi benchmark index eased 0.2 per cent, weighed down by a 0.8 per cent...