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

Stocks tumble on selling pressure

The prime index of the Dhaka Stock Exchange (DSE) dipped 1.07 per cent on Thursday, extending the losing streak for the second consecutive session, as most sectors saw sharp price correction. The big drop in the index came a day after the central bank unveiled its monetary policy statement (MPS)...

Intraco Refuelling moves to merge its five subsidiary companies

The Intraco Refuelling Station Limited (IRSL) has decided to merge its five subsidiary companies with itself to reduce the 'management cost' and avail 'tax benefit'.The boards of directors of the IRSL and subsidiary companies have decided in a meeting that the parent company, IRSL, will take over all assets and...

City Bank launches edn programme for women

The City Bank has introduced a certification programme developed exclusively for women in collaboration with North South University and International Financial Corporation's advisory services, says a press release. In presence of M. A. Hashem, Chairman, Board of Trustees of North South University, an agreement in this regard was recently signed...

Southeast Bank to provide edn fee collection services

The Southeast Bank Ltd will provide student fee collection services to designated educational institutions through the Fingerprint Education Management Software (FEMS). The bank signed a Memorandum of Understanding (MoU) to this effect with FINGERPRINT, the Student Management Software service provider, says a statement. Syed Faisal Omar, Senior Executive Vice President,...

Prime Bank rolls out 'PrimeDiGi'

Prime Bank has introduced 'PrimeDiGi', the first ever digital savings account in the country, mainly targeting the youths. The bank rolled out the digital product at a press conference at the Dhaka Club on Thursday.This savings account can be opened at anytime and anywhere.Customers will not need to go to...

ICB AMCL Pension Holders' Unit Fund approves dividend

The trustee committee of the ICB AMCL Pension Holders' Unit Fund managed by the ICB Asset Management Company Limited approved dividend for financial year 2018-19 (1st Half) at a meeting held recently, says a statement.The unit holders, whose names appeared in the registers of the fund on December 31, 2018,...

Syndicated term loan for BSRM Wires Ltd

A signing ceremony of the syndicated term loan of Tk 3,210 million for BSRM Wires Limited, a wire manufacturing plant to be set up at Mirsarai, Chattogram, was held at a city hotel on Wednesday. Dhaka Bank Limited acted as the 'Lead Arranger' and 'Agent' for this syndication financing. Bank...

Signing ceremony of syndicated term loan of Tk 3.21 billion for BSRM Wires Limited

Managing Director of BSRM Wires Limited Alihussain Akberali, Managing Director and CEO of Dhaka Bank Limited Syed Mahbubur Rahman along with managing directors and representatives of other participating banks seen at the signing ceremony of a syndicated term loan of Tk 3.21 billion for BSRM Wires Limited at a city...