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

Trustee seeks regulator's view to decide MF's fate

FE ReportThe trustee of Grameen One: Scheme Two, a closed-end mutual fund (MF), has sought regulatory opinion to decide their position regarding continuation, or liquidation, or conversion of the fund.The move came as the tenure of the MF will end this year as per 10-year tenure set for all the...

Prime Bank arranges syndicated loan of Tk 1.44b for rice mill

Prime Bank has arranged its 30th syndication deal as a lead arranger through raising Tk 1.44 billion to finance an auto rice mill project of Hashem Rice Mills Limited, one of the concerns of Sajeeb Group.The bank along with five other banks and financial institutions -- Bank Asia Limited, BASIC...

SIBL holds business conference

Social Islami Bank Limited (SIBL) on Saturday arranged a day-long business conference to evaluate the business position of the bank at a city hotel. Managers and operations managers of 59 branches of Dhaka Division and departmental heads of the bank took part in the conference, according to a statement. Quazi...

ICL floats MF

Impress Capital Limited (ICL), a wealth management company, has floated a new open-end mutual fund namely "BCB ICL Growth Fund" recently. It opened initial public subscription on April 01, 2018 and closed the fund successfully within a day. The initial fund size was Tk 250 million. Bangladesh Commerce Bank Limited...

CSE moves to modernise OTC market

FE ReportThe Chittagong Stock Exchange (CSE) has moved to make its over-the-counter (OTC) market time befitting.In this regard, the port city bourse needed amending the existing rules or formulating new rules.As part of its move, the CSE has submitted a proposal to Bangladesh Securities and Exchange Commission (BSEC), seeking its...

Shahjalal Islami Bank holds EC meeting

The 743rd meeting of the executive committee (EC) of Shahjalal Islami Bank Limited held at the board room of head office of the bank recently, according to a statement. The meeting was presided over by Anwer Hossain Khan, Chairman of the EC of the bank. Members of the committee discussed...