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

Bondholders may have to wait until 2032 for Beximco Sukuk principal

The maturity period of the Beximco Green Sukuk has been proposed to be extended by up to six years to 2032, as repayment of principal to bondholders has become uncertain amid changes in the political climate.The recommendation came from a 21-member working committee formed by the trustee, the Investment Corporation...

Genex Infosys FY25 profit falls 17pc amid costly diversification

Listed business process management (BPM) and IT services company Genex Infosys reported a 17.18 per cent year-on-year decline in profit to Tk 261.38 million in FY25.In a filing on Thursday, the company reported earnings per share (EPS) of Tk 2.17 in FY25, down from Tk 2.62 in FY24.The result surprised...

Meghna Bank gets new MD

Syed Mizanur Rahman, a seasoned professional with almost three decades of experience in the financial services sector, has been appointed as the Managing Director of Meghna Bank PLC, effective from December 4, says a press statement. Prior to this appointment, Mr. Rahman was serving AB Bank as Managing Director and...

PRIME BANK UNVEILS SUSTAINABILITY REPORT AND CLIMATE ACTION REPORT

Prime Bank PLC has officially launched its Sustainability Report and Climate Action Report at a ceremony held at a city hotel recently, reaffirming its commitment to responsible and climate-conscious banking. Chowdhury Liakat Ali, Director of the Sustainable Finance Department of Bangladesh Bank, launched the report. Hassan O. Rashid, CEO of...

MODHUMOTI BANK OPENS 53RD BRANCH IN JHENAIDAH

Modhumoti Bank PLC has opened 'Jhenaidah Branch' as its 53rd branch at Sher-e-Bangla Road in Jhenaidah sadar upazila. Chairman of the bank Humayun Kabir inaugurated the branch as the chief guest on Thursday. Chairman of the Executive Committee Salahuddin Alamgir and Board Members Mohammad Ismail Hossain and A. Mannan Khan...

JAMUNA BANK LAUNCHES 5TH SUBORDINATED BOND

Jamuna Bank PLC has launched its 5th Subordinated Bond, designed to offer investors a secure, long-term investment with a highly attractive rate of return. The bond, with a principal amount of Tk 8.0 billion, has a seven-year tenure, and the principal will be redeemed in 5 equal annual installments, beginning...