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

Banking sector tops the list

The banking sector topped the annual turnover chart on the premier bourse in 2017 replacing engineering, power and textile sectors riding on increased participation by general investors and sponsor-directors as well.In the just-concluded year, the banks listed with Dhaka Stock Exchange (DSE) featured a total turnover of above Tk 492...

Rupali Bank re-launches its first logo of 1972

State-owned commercial bank, Rupali Bank Limited (RBL) has reintroduced its first logo of 1972.The Chairman of the RBL Board of Directors, Monzur Hossain and Managing Director (MD) & Chief Executive Officer (CEO) Md Ataur Rahman Prodhan unveiled the logo Tuesday at a ceremony, held at the bank's headquarters in the...

Advent Pharma to raise Tk 200m

The securities regulator has approved Advent Pharma's IPO proposal to raise Tk 200 million from public.The approval came at a meeting held at the office of Bangladesh Securities and Exchange Commission (BSEC).Using the fixed-price method, Advent Pharma will float 20 million ordinary shares of Tk 10 each to raise the...

Move to extend IPO quota for debacle-hit investors

A move is underway to extend the quota facility in the initial public offerings (IPOs) for the small investors, who were affected by the capital market debacle in 2010-11. Bangladesh Securities and Exchange Commission (BSEC) recently requested the finance ministry to allow continuing with the facility for six months more...

Al Arafah implements internal auditing system

Al Arafah Islami Bank Ltd has successfully implemented Ababil RBIAS: Risk-Based Internal Auditing System. Ababil RBIAS is a pioneering software solution for Financial Institutions which was designed and developed by Millennium Information Solution Ltd, said a statement.Ababil RBIAS works as a tool to help the banks evaluate branch and banks'...

Thrust on biz facilities between IBBL, Saudi Fund for Development

Islami Bank Bangladesh Limited organized a view exchange meeting at Islami Bank Tower on Tuesday, said a statement. The meeting discussed on different business issues including facilities to be provided to the importers and exporters through mutual cooperation of Islami Bank Bangladesh Limited and Saudi Fund for Development.

News Briefs (03-01-2018)

BSEC extends timeframeThe securities regulator has extended the timeframe till December 31, 2018 for keeping provision against unrealised losses in portfolios of merchant banks, stock dealers and their clients. The existing deadline of keeping provision against unrealised losses ended on December 31, 2017. The Bangladesh Securities and Exchange Commission (BSEC)...

First Security Islami Bank Limited inaugurated an ATM booth

First Security Islami Bank Limited inaugurated an ATM booth at 23rd Dhaka International Trade Fair-2018 Monday. Syed Waseque Md Ali, Managing Director of the bank inaugurated the booth.

Loan disbursement and cheque book distribution programme

Md. Touhidul Alam Khan, Deputy Managing Director & Chief Business Officer of Prime Bank met the ten taka (10 Taka) account holders of the bank in a loan disbursement and cheque book distribution programme at Tangail and distributed cheque book as well as disbursed loan among the ten taka (10...

Stocks extend gaining streak riding on large-cap shares

Stocks witnessed yet another positive session Tuesday, extending the winning streak for the fifth consecutive sessions, as investors showed their buying appetite on selective large-cap issues.Market insiders said investors were active on sector-wise large-cap stocks, like Grameenphone, United Power, Lafarge Surma Cement, Square Pharmaceuticals and Islami Bank, which helped the...

United Power leads DSE transaction chart

United Power Generation & Distribution Company Ltd dominated the Dhaka bourse turnover chart Tuesday while top 10 traded companies grabbed nearly 24 per cent of the total transaction.Market insiders said United Power emerged as the turnover leader following the news of its hefty dividend recommendation. The record date for entitlement...

Singer launches 'New Year Special Offer'

Singer Bangladesh on Monday launched a campaign titled 'Singer New Year Special Offer', marking the new year and Dhaka International Trade Fair. The campaign will continue till January 31, 2018, according to a statement.Under the initiative, there will be lucrative gifts and discounts on kitchen appliances, furniture, laptops, washing machines,...

Bangladesh General Insurance Company Ltd

Bangladesh General Insurance Company Ltd (BGIC) arranged a programme at its head office in the city on Monday, marking the new year 2018 and 95th birthday of MA Samad, founder of BGIC. Managing Director Ahmed Saifuddin Chowdhury, Chairman Towhid Samad and other officials also attended the programme.

1st Capstone Golf Tournament-2017

The 1st Capstone Golf Tournament-2017 was held at Kurmitola Golf Club (KGC) in the city recently. Commandant of National Defence College (NDC) Lieutenant General Chowdhury Hasan Sarwardy inaugurated the tournament. The tournament was organised by NDC and sponsored by Capstone Alumni Raquib Mohammad Fakhrul (Munshi Enterprise Limited) and Shams Mahmud...