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

Stocks edge higher after two-day slump

Stocks posted a marginal gain on Wednesday, snapping a two-day losing streak, as bargain hunters went on buying binge on lucrative issues.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 5.59 points or 0.11 per cent to settle at 4,934, after losing 69 points in the...

IDCOL wins Karlsruhe Sustainable Finance Awards

Infrastructure Development Company Limited (IDCOL) won the prestigious Karlsruhe Sustainable Finance Awards 2020 in the "Outstanding Sustainable Project Financing" category for implementing the Solar Irrigation Pump (SIP) Project in Bangladesh. The award was given by European Organization for Sustainable Development (EOSD), a dedicated body established for developing projects that contribute...

Associated Oxygen to allot 15m shares among successful applicants

Associated Oxygen will allocate 15 million ordinary shares among the successful applicants as the company held IPO lottery draw on Wednesday.The lottery draw was held at 10:30am at Crystal Ballroom, Hotel Intercontinental in Dhaka, officials said.The lottery result has been published on the websites of the company, issue manager, Dhaka...

Azahar Ali appointed as Country Champion from Bangladesh

Azahar Ali, FCA has been appointed as Country Champion from Bangla-desh for IFR4NPO project. He has been working with Concern Worldwide, Bangladesh as Country Financial Controller and Assistant Country Director. He is a fellow member of Institute of Chartered Accountants of Bangladesh (ICAB). IFR4NPO is a global initiative to develop...

Refat Hasan new DMD of ICB

Md. Refat Hasan has been promoted to the post of Deputy Managing Director and assigned to the Investment Corporation of Bangladesh (ICB) through a notification of the Financial Institutions Division of the Ministry of Finance, said a statement. Prior to his promotion to the post of DMD, he served as...

BASIC Bank signs MoU with United Hospital

BASIC Bank Limited has signed a Memorandum of Understanding (MoU) with United Hospital Ltd recently. Ahmad Hossain, General Manager of BASIC Bank and Dr. Shagufa Anwar, Director, Communication & Business Development of United Hospital Ltd. signed the MoU on behalf of their respective organizations, said a statement.Under the MoU the...

Al-Arafah Islami Bank signed agreement with Bangladesh Bank

Al-Arafah Islami Bank Ltd signed an agreement with Bangladesh Bank on Tuesday for availing the Green Transformation Fund. Khondoker Morshed Millat, General Manager, Sustainable Finance Department of Bangladesh Bank, and Md. Mujibul Quader, Senior Executive Vice President of Al-Arafah Islami Bank Ltd, signed the agreement on behalf of their respective...

DSE/CSE News in Brief (08-10-2020)

Disbursement of dividend Federal Insurance Company Ltd: The company disbursed cash dividend for the year ended on December 31, 2019 to the respective shareholders' bank accounts through BEFTN system and issued dividend warrant which the company could not remit due to incomplete bank information and shareholders having shares in paper...

Islami Bank Bangladesh inaugurated 'Dhanmondi-5 Sub-Branch'

Islami Bank Bangladesh Limited inaugurated its 'Dhanmondi-5 Sub-Branch' under its New Market Branch, Dhaka on Monday. Md. Omar Faruk Khan, Additional Managing Director of the bank, inaugurated the sub-branch as the chief guest. Md. Altaf Hossain, Senior Executive Vice President of IBBL, presided over the programme.

NCC Bank signed MOU) with "ATMABISWAS"

NCC Bank signed a Memorandum of Understanding (MOU) with "ATMABISWAS", a Microcredit Financial Institution (MFI) under Bangladesh Bank Revolving Refinance Scheme recently. Khondoker Nayeemul Kabir, Managing Director & CEO (C.C.) of NCC Bank, and Md. Akramul Haque Biswas, Executive Director of ATMABISWAS, signed the MOU on behalf of their respective...

Bangladesh Finance and Investment Company Limited signed corporate medical services agreement with United Hospital

Bangladesh Finance and Investment Company Limited (BD Finance) signed a corporate medical services agreement with United Hospital Limited on Monday at the head office of BD Finance, Dhaka. Md Kyser Hamid, Managing Director & CEO of BD Finance, and Dr. Shagufa Anwar, Director, Communication & Business Development of United Hospital...