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

Stocks snap six-day losing streak

Dhaka stocks rebounded on Tuesday, snapping a six-day losing streak as optimistic investors went on buying spree.Analysts said some investors showed their buying appetite on sector-specific sectors, especially banking, financial institutions and power, taking the market to green zone.Following the six-day correction, the Dhaka Stock Exchange (DSE) and the Chittagong...

EBL approves 20pc cash dividend

Eastern Bank Limited (EBL) has unanimously approved 20 per cent cash dividend for its shareholders for the year ending on December 31, 2017.The dividend was approved at the bank's 26th annual general meeting (AGM) at Police Convention Hall in the capital on Tuesday, presided over by the Chairman of the...

MTB gets new chairman, vice chairman

Md. Hedayetullah and Khwaja Nargis Hossain have been elected chairman and vice chairman of Mutual Trust Bank Limited (MTB) respectively at the 222nd meeting of the board of directors of the bank recently, according to a statement.Md. Hedayetullah, a sponsor-director of Mutual Trust Bank Limited (MTB) and chairman of Hedayetullah...

News Briefs-(6-6-2018)

Azam J Chowdhury Prime Bank re-elects chairman The board of directors of Prime Bank Ltd. has unanimously re-elected Azam J Chowdhury as the chairman of the board of directors of the bank, at its 479th meeting recently, for the next two years effective from June 1, 2018. He is a...

BSEC rejects Baraka Power's proposal to raise authorised capital

The securities regulator has rejected a proposal of Baraka Power to raise its authorised capital through issuance of preference shares.The company has failed to comply with the mandatory minimum shareholding rules of the Bangladesh Securities and Exchange Commission (BSEC).The company said in a statement on Tuesday that the BSEC declined...

BB, BD Finance sign deal to broaden green financing

Bangladesh Bank (BB) and Bangladesh Finance and Investment Company Limited (BD Finance) signed a participation agreement at BB headquarters in the capital recently.The agreement was signed under a Refinance Scheme to broaden the financing avenue for green products, according to a statement. General Manager, Sustainable Finance Department, Bangladesh Bank Manoj...

Chairman of Pragati Insurance Limited Syed M. Altaf Hussain presiding over the 268th meeting of the board of directors

Chairman of Pragati Insurance Limited Syed M. Altaf Hussain presiding over the 268th meeting of the board of directors at the head office of the company recently while former chairman Mohammed A. Awwal and Managing Director Md. Rezaul Karim were present

DSE/CSE News in Brief (6-6-2018)

DSE NEWSCredit ratingNahee Aluminum Composite Panel Ltd.: National Credit Ratings Ltd. (NCR) has assigned the entity rating to the company as "A-" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company as on June 30, 2017.Suspension...