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

IPO of Mir Akhter Hossain approved

The securities regulator has approved the proposal of the prospectus of Mir Akhter Hossain as part the process of raising capital worth Tk 1.25 billion from the capital market under book building method.The approval came Wednesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission...

BRAC allowed to purchase 25m shares of BRAC Bank

BRAC, the globally reputed NGO will purchase 25 million shares of BRAC Bank.The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday waived the BRAC, a sponsor of BRAC Bank to a section of the securities rules to facilitate the execution of purchasing shares.BRAC applied to the securities regulator for purchasing...

Seven out of top 10 gainers belong to insurance sector

Stocks slipped into the red on Wednesday, snapping a four-day winning streak, as risk-averse investors opted for booking profit.DSEX, the key index of the Dhaka Stock Exchange, went down by 8.41 points or 0.17 per cent to settle at 4,919, after gaining 90 points in the past four straight sessions.The...

Eastern Bank joins FCI as a member

Eastern Bank Limited (EBL) has become an Associate Member of FCI , previously known as Factors Chain International. FCI is a global representative body for Factoring and Financing of Open Account Domestic and International Trade Receivables, said a statement.This membership will enable EBL to leverage FCI network in more than...

MTB signs deal with Millennium Information Solution

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Millennium Information Solution through a virtual signing ceremony. Mahmud Hossain, Managing Director & CEO, Millennium Information Solution and Syed Mahbubur Rahman, Managing Director & CEO, Mutual Trust Bank Limited, signed the agreement on behalf of their respective organisations. Under...

BRAC Bank launches "Agami"

BRAC Bank, on Wednesday, launched 'Agami', a package of solutions to help students with their plans to study abroad."Agami is BRAC Bank's complete student file solution. It will provide all necessary facilities to the students traveling abroad for study purposes," said Mahiul Islam, Head of Retail Banking of BRAC Bank,...

City Bank opens newly-renovated City Bank American Express Lounge at HSIA

City Bank opened its newly-renovated City Bank American Express Lounge at Hazrat Shahjalal International Airport (HSIA) on Tuesday. The lounge was inaugurated by Aziz Al Kaiser, Chairman, City Bank, as the chief guest while Mashrur Arefin, Managing Director and CEO of the bank, was present.

NCC Bank launches VISA Signature Card

NCC Bank launched VISA Signature Card. Chairman of the bank S. M. Abu Mohsin launched the card on Wednesday to satisfy different level of customers. Vice-Chairman Md. Abul Bashar, Managing Director & CEO (C.C.) Khondoker Nayeemul Kabir, SEVP & Head of Operations Muhammad H. Kafi, EVP & Company Secretary Md....

BD Finance signs deal with Sarah Resort

Bangladesh Finance and Investment Company Limited (BD Finance), one of the NBFIs in Bangladesh, signed an agreement with the Sarah Resort, a luxurious resort in Gazipur operated by Fortis Group, said a statement. Md Kyser Hamid, Managing Director & CEO of BD Finance, and Ahmad Raquib, General Manager, Sales &...

New DMD & COO of Standard Bank

Mohammad Rafiqul Islam has joined Standard Bank Limited as Deputy Managing Director (DMD) & Chief Operating Officer (COO) recently, said a statement. He has 23 years of experience in banking and financial industries. He worked for Standard Chartered, Citibank N.A. and Dhaka Bank for 21 years. Mr. Rafique started his...

A B M Mokammel Hoque Chowdhury inaugurated Nachol sub-branch

A B M Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, inaugurated the Nachol sub-branch, Nachol, Chapainawabganj as the chief guest recently through a video conference from the head office, Dhaka.

DSE/ CSE News in Brief (05-11-2020)

Board meetingsMatin Spinning Mills Ltd: A board meeting of the company will be held on November 10, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended on September 30, 2020.Shinepukur Ceramics Limited: A board meeting of the company will...