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

Desh General IPO, IBBL bond approved

The securities regulator has approved the IPO (initial public offering) proposal of Desh General Insurance Company which will raise a capital worth Tk 160 million.The approval came Wednesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).At the meeting, the BSEC has also approved...

Dominage trading halted few minutes into transaction

Dominage Steel Building Systems made a flying trading debut on Wednesday as its shares price jumped 50 per cent -- the highest allowable limit, riding on investors' 'irrational hype' over the new issue.The steel building maker's share closed at Tk 15 each on the Dhaka Stock Exchange (DSE), soaring 50...

IPO subscription of Taufika Foods begins Jan 3

The initial public offering (IPO) subscription of Taufika Foods and Agro Industries, which produces ice cream under the brand name of 'Lovello', will open on January 3, 2021.The ice cream maker will raise Tk 300 million from the capital market under the fixed price method by issuing 30 million ordinary...

EBL wins Bank of the Year Bangladesh award

Eastern Bank Ltd. (EBL), a private sector bank of the country, has been awarded the prestigious Bank of the Year 2020 Bangladesh by The Banker. The Banker is an English-language monthly international financial affairs publication, said a statement.The virtual award programme was held on Wednesday which was attended by Ali...

Pubali Bank condoles death of Wahida Khanom

Wahida Khanom Chowdhury, mother of Md. Abdul Halim Chowdhury, Managing Director & CEO of Pubali Bank Limited, passed away at Dhaka at 12.15 pm on Wednesday. The Board of Directors of Pubali Bank Limited and all levels of executives, officers and employees expressed deep shock over her death. They prayed...

Tanzim Alamgir, new founding CEO of UCB Investment

Mr. Tanzim Alamgir was appointed as the new founding Chief Executive Officer (CEO) of UCB Investment Limited, a wholly-owned subsidiary of UCB Bank. He looked after the overall operations as the Chief Operating Officer (COO) of City Bank Capital and led the investment banking division contributing to bringing the institution...

Chattogram South Zone IBBL organises webinar on Shari'ah compliance

Chattogram South Zone of Islami Bank Bangladesh Limited organised a webinar titled 'Compliance of Shari'ah in Banking Sector' recently. Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of the bank, addressed the program as chief guest, said a statement. Muhammad Qaisar Ali, Additional Managing Director of the bank,...

AVIVA Finance starts shariah-based journey

AVIVA Finance Limited has just started its shariah-based journey which was previously known as Reliance Finance Limited. Bangladesh Bank has recently given its consent to operate the company complying with Islamic Shariah, said a statement. Mohammed Saiful Alam, Chairman of the company, has given his written speech and welcomed everyone...

G-Gas LPG, Shwapno sign deal

G-Gas LPG and Shwapno Super Shop have recently signed an agreement. Under the agreement, customers can order G-Gas cylinders from 17 designated outlets of Shwapno within Dhaka. The number of outlets with G-Gas cylinders available has initially been decided to be 17 and will be increased in the future, said...

DSE daily turnover jumps 27pc

Stocks extended the gaining streak for the second straight session on Wednesday as optimistic investors continued their buying spree on large-cap issues amid optimism.DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 30.90 points or 0.63 per cent to settle at 4,934. The core index added...

Mercantile Bank organised a virtual workshop

Mercantile Bank Limited organised a virtual workshop on 'Sustainable Finance under Green Banking' recently. Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank, inaugurated the workshop. Khondkar Morshed Millat, General Manager, Sustainable Finance Department (SFD) of Bangladesh Bank, was the keynote speaker at the workshop.

NRB Commercial Bank formally launched 78th branch

NRB Commercial Bank Limited formally launched its 78th branch at Shahid Rafik Sarok, Manikganj Sadar, Manikganj on Wednesday. Deputy Commissioner (DC) of Manikganj S M Ferdous inaugurated the branch as the chief guest. Director of NRBC Bank AKM Mostafizur Rahman presided over the inaugural ceremony.

MTB awarded Best Presented Annual Report-2019

Mutual Trust Bank Limited (MTB) was awarded the Best Presented Annual Report-2019 (Joint 3rd position) in the Private Sector Banks category and Certificate of Merit in the Integrated Reporting category by The Institute of Chartered Accountants of Bangladesh (ICAB). The award was handed over at a ceremony recently at a...

Pragati Life Insurance introduced a mobile app

Pragati Life Insurance Limited introduced a mobile app aiming to provide comprehensive digital insurance services to the customers. Moinul Islam, Member (Admin) of Insurance Development and Regulatory Authority (IDRA), inaugurated the launching ceremony on a digital platform as the chief guest on Wednesday. Md. Jalalul Azim, Chief Executive Officer &...