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

MNCs show mixed EPS trends in January-March

The listed multinational companies (MNCs) showed mixed performance in earnings for the January-March, 2019 compared to the same period in the previous year.Eight multinational companies, out of eleven listed with the country's capital market, disclosed un-audited financial statements for January-March, 2019 period so far.Of them, earnings per share (EPS) of...

Community Bank inks deal to implement Finacle Universal Biz Solution

Community Bank Bangladesh Limited, a concern of Bangladesh Police Kallyan Trust has signed a licensing agreement with Edgeverve Systems Ltd, a concern of Infosys for implementing renowned core banking system -Finacle Universal Banking Solution. A formal agreement signing ceremony was held recently at the Bank's Head Office in Gulshan, Dhaka.In...

UCB to install 300 CRMs by year-end

In a trailblazing move, United Commercial Bank (UCB), a leading first generation private commercial bank has progressed fast to replace the traditional automated teller machines (ATMs) with cash recycler machines (CRM) that also allow cash to be credited in real time. A CRM accepts cash, counts the notes, authenticates them...

S M Ashraful Islam, Executive Vice Chairman of eGeneration, and Thaslima Begum, Founder and CEO of TEEK TAKA

S M Ashraful Islam, Executive Vice Chairman of eGeneration, and Thaslima Begum, Founder and CEO of TEEK TAKA, exchanging the agreement on behalf of their respective companies at eGeneration's head office in the capital Story on page 16

Apex relaunches e-commerce site

Apex has announced the relaunch of their brand new, refreshed e-commerce which boasts enhanced performance and features to provide the people of Bangladesh with access of Apex's footwear, accessories and apparel collection from wherever they want at their own convenience. “Along with regular features like Cash-On-Delivery, Online Payment through any...

BSEC approves Tk 3.0b DBH Bond

The securities regulator has given consent for issuance non-convertible zero coupon bond Tk 3.0 billion of the Delta Brac Housing Finance Corporation (DBH). The approval came at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) held recently presided over by its chairman Prof. M Khairul Hossain. As per...

UK Aid to provide Tk 13.73m to develop SME platform

UK Aid will provide a grant worth above Tk 13.73 million to the country's premier bourse for developing its trading platform recently introduced to accelerate the growth of small and medium enterprises (SMEs).The fund will be provided under a programme namely Business Finance for the poor in Bangladesh (BFP-B).The BFP-B,...

Fintech, agrotech, edutech to thrive in near future

Startup Dhaka organised Alternative Investment Forum Series I recently at Art Café, Gulshan with a view to promoting angel investing in Bangladesh. The event, first of its kind in our country, was specifically geared towards raising awareness about the early-stage funding landscape in Bangladesh. About 39 participants and 9 prominent...

Alamgir Kabir new president of BCMA

Md. Alamgir Kabir, Managing Director of Crown Cement Concrete and Building Products Ltd., has been elected the new President of Bangladesh Cement Manufacturers Association (BCMA) for the session 2019-20 and 2020-21.Md. Shahidullah, Managing Director of Metorcem Cement Ltd & Chairman of Metrocem Group, and Zahir Uddin Ahmed, Managing Director of...

eGeneration to develop blockchain solution for UK fintech

eGeneration, one of the largest IT and tech investment groups in Bangladesh has signed an agreement with UK based fintech TEEK TAKA - an ethical trade finance platform that seeks to improve labour practices in global supply chains, said a statement. With an initial focus on the Bangladesh RMG sector,...

X Index Companies mandated Prime Bank Limited to act as Lead Arranger to raise syndicated facility

X Index Companies mandated Prime Bank Limited to act as Lead Arranger to raise syndicated facility for development of its two power projects recently. In presence of Md. Mazherul Quader, Chairman, Mahin Bin Mazher, MD of X Index Companies and Md. Touhidul Alam Khan, DMD & CBO of Prime Bank,...

NRB Bank Limited organised an awareness programme on osteoporosis (bone disease) for its employees with collaboration

NRB Bank Limited organised an awareness programme on osteoporosis (bone disease) for its employees with collaboration of New Zealand Dairy Products Bangladesh Ltd. recently at Corporate Head Office of the bank. Md. Towhidul Islam, Head of Financial Institutions & Treasury, A.K.M. Kamal Uddin, Head of Corporate Banking, Imran Ahmed FCA,...