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

Merger of five Islami banks could drag Dhaka bourse down by 59 points

The benchmark equity index of the Dhaka Stock Exchange (DSE) is likely to fall by about 59 points, according to EBL Securities, as the merger of five ailing Islami banks may lead to their de-listing.These banks - First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and...

AB Bank plans strategic investments, deposit growth to strengthen capital

AB Bank PLC, as part of its turnaround strategy amid current liquidity challenges, plans to bring in strategic investors by 2026 to strengthen the lender's capital base.Apart from seeking capital injection, the country's oldest first-generation commercial bank has intensified its deposit mobilisation efforts and rebalanced its investment portfolio, reducing dependency...

PUBALI BANK, SOFTWARE SHOP INK DEAL ON SETTLEMENT BANK PARTNERSHIP IN NPSB

PUBALI BANK, SOFTWARE SHOP INK DEAL ON SETTLEMENT BANK PARTNERSHIP IN NPSBAn agreement on Settlement Bank Partnership in the National Payment Switch Bangladesh (NPSB) Platform was recently signed between Pubali Bank and Software Shop Limited (SSL). Pubali Bank Managing Director & Chief Executive Officer Mohammad Ali and Software Shop Limited...

Regulator fines 12 individuals for manipulating Safko Spinning shares

The securities regulator has imposed fines totaling Tk 35.55 million on 12 individuals for manipulating the stock of Safko Spinning Mills Limited. The action has been taken based on the findings of a probe that concluded four years after the alleged misconduct.According to the investigation, between May 2 and June...

BRAC Bank launches country's first instant e-loan for marginal SMEs

BRAC Bank has launched the country's first instant digital financing, Shafollo e-loan, for marginal Small and Medium Enterprises (SMEs), according to a press release.Small traders, shopkeepers, and grassroots entrepreneurs can now access up to Tk 50,000 in minutes, according to a press release.As an SME-focused bank, the initiative reflects BRAC...

PRIME BANK, ICDDR,B PARTNER FOR TB SCREENINGS, TREATMENT

PRIME BANK, ICDDR,B PARTNER FOR TB SCREENINGS, TREATMENT Prime Bank has partnered with icddr,b to strengthen lifesaving tuberculosis (TB) interventions in Sylhet. Prime Bank CEO Hassan O. Rashid and icddr,b Executive Director Dr. Tahmeed Ahmed signed a memorandum of understanding (MoU) in this regard at the bank's Gulshan Corporate Office,...

Eastern Housing posts 37pc profit growth in FY25 on robust sales

Eastern Housing secured an impressive 37 per cent year-on-year growth in profit, reaching Tk 772 million in FY25, as apartment and land sales increased amid zero finance costs, defying the broader economic slowdown.The listed realtor's earnings per share (EPS) stood at Tk 8.27 for the year through June, up from...

Indian court tells markets regulator to respond to Jane Street's appeal

MUMBAI, Sept 9 (Reuters): An Indian court ordered the markets regulator on Tuesday to explain within three weeks why it cannot share further documents with US algo trading firm Jane Street, which was temporarily banned from markets in July on allegations that it had manipulated indexes.The order from India's Securities...

About 450 occupations exist in country's informal sector

A joint study has found the existence of about 450 occupations in the country's informal sector with the majority of the workers concentrated in retail and sales sector, followed by agriculture and livestock, food and beverage and transport and crafts. The study titled "Mapping of Informal Sector Workers in Bangladesh:...

JANATA BANK PLC ACHIEVES TK 1.25T DEPOSIT MILESTONE

JANATA BANK PLC ACHIEVES TK 1.25T DEPOSIT MILESTONE Janata Bank PLC has achieved a milestone in deposit growth, with its total deposits exceeding Tk 1.25 trillion. The bank's Chairman Md. Fazlur Rahman and Managing Director Md. Mazibur Rahman along with senior executives and officials celebrated this achievement with a cake-cutting...

Islami Bank holds board meeting----

Islami Bank holds board meetingA meeting of the board of directors of Islami Bank Bangladesh PLC was held on Tuesday at Islami Bank Tower. Dr. M. Zubaidur Rahman, chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, chairman of the executive committee, Md. Abdus Salam, chairman of the...

BKB SIGNS AGREEMENT WITH LATIN TRAVEL MONEY TRANSFER

BKB SIGNS AGREEMENT WITH LATIN TRAVEL MONEY TRANSFERAn agreement signing ceremony between Bangladesh Krishi Bank (BKB) and Latin Travel Money Transfer S.A., based in Spain, was held at the bank's head office on Tuesday. The ceremony was presided over by Deputy Managing Director of Bangladesh Krishi Bank Mohd. Khaleduzzaman. Md....

MEETING WITH INVESTORS AND STAKEHOLDERS OF ICB SUBSIDIARY COMPANIES

MEETING WITH INVESTORS AND STAKEHOLDERS OF ICB SUBSIDIARY COMPANIES A view-exchange meeting with investors and stakeholders of subsidiary companies of Investment Corporation of Bangladesh (ICB) was held at the ICB Capital Management Limited (ICML), Faridpur Branch, on Monday. The meeting was attended by the Corporation's Managing Director Niranjan Chandra Debnath...