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

Stocks keep losing as bank shares slump

Stocks extended the losing streak for the second day in a row on Sunday as risk-averse investors continued their selling binge on large-cap sectors.Market operators said the news of major scams in banks, rising non-performing loans coupled with falling foreign portfolio investment prompted investors to sell-off.According to a report of...

United Power's subsidiary declares dividend

United Ashuganj Energy, a subsidiary of United Power, declared 8.75 per cent final cash dividend for the fourth quarter of fiscal year (FY) 2017-18.During the year, the United Ashuganj Energy paid total 41.75 per cent cash dividend equivalent to more than Tk 1.67 billion, according to a disclosure posted on...

MJL Bangladesh witnesses steady growth in five yrs

MJL Bangladesh, country's largest lubricant company has exhibited a steady growth in revenue earning and dividend disbursement, among others, in last five consecutive years through 'operational excellence'. During the period, the company registered growth rates between 1.88 per cent to 39 per cent in revenue earnings based on a 'loyal'...

Standard Bank opens 127th branch in Gazipur

Standard Bank Limited opened its 127th branch at Alhaj Nizamuddin Tower, Nayanpur Bazar, Sreepur, Gazipur on Sunday, according to a statement. Mamun-Ur-Rashid, Managing Director & CEO of the bank formally inaugurated the branch as chief guest while Md. Tariqul Azam, Additional Managing Director of the bank presided over the ceremony....

Bikroy launches story writing competition on Victory Day

Bikroy.com, the largest marketplace of Bangladesh, has launched #ILoveBangladesh - story writing competition on the occasion of this Victory Day, said a statement.In this competition, participants can write a story or make a video about our independence war or loving our country, or someone who loves this nation greatly someone...

Moody's Analytics, BIBM to provide commercial credit and SME certifications

Moody's Analytics and the Bangladesh Institute of Bank Management (BIBM) announced their collaboration to provide commercial credit & SME certifications to financial professionals in Bangladesh, said a statement. The initiative aims to bring a globally recognised credit certifications to Bangladesh's financial industry, developed with the expertise in Commercial credit assessment...

News Briefs (10-12-2018)

Summit Power approves 30pc cash dividend Summit Power Limited approved 30 per cent cash dividend to its shareholders for the year ended on 30 June 2018. The dividend was approved in presence of the company's shareholder at its 21st Annual General Meeting (AGM) held at Krishibid Institution Bangladesh (KIB) Complex,...

21st Annual General Meeting of Summit Power

Chairman of Summit Power Limited Muhammed Aziz Khan and other directors seen in the 21st Annual General Meeting of the company held on Sunday

Mercantile Bank opens its 131st branch at Sirajganj

Mercantile Bank Limited opened its 131st branch at Sirajganj on Sunday. A.K.M. Shaheed Reza, Chairman of the Bank inaugurated the branch by cutting ribbon as the Chief Guest. Bank's Managing Director & CEO Kazi Masihur Rahman delivered his welcome speech

Pubali Bank opens its 468th branch at Kumarkhali

Pubali Bank Limited has inaugurated its 468th branch at Kumarkhali, Kushtia having online banking facilities. Habibur Rahman, Chairman, Board of Directors of Pubali Bank Ltd. formally inaugurated the branch as chief guest. Md. Abdul Halim Chowdhury, Managing Director of the bank was present as special guest

Md. Humayun Kabir receiving ICMAB Best Corporate Award 2017

Md. Humayun Kabir, Deputy Managing Director of Exim Bank, receiving ICMAB Best Corporate Award 2017 in the category of Private Commercial Bank (Islamic Operation) from chief guest Abul Maal Abdul Muhith, Finance Minister at a city hotel on Saturday, for its capital adequacy, asset quality, corporate governance, adequate earning and...

Farzana Chowdhury receiving first prize of ICMAB Best Corporate Award

Farzana Chowdhury, Chartered Insurer, Managing Director and CEO of Green Delta Insurance Company Limited, receiving the first prize of the ICMAB Best Corporate Award from, chief guest Abul Maal Abdul Muhith, Finance Minister, in insurance category for the year of 2017, at the awarding ceremony of SAFA International CFO Conference...

Prime Bank Limited achieved "GOLD RANK" in Asia Sustainability Reporting Rating 2018

Prime Bank Limited achieved "GOLD RANK" in Asia Sustainability Reporting Rating 2018 by National Centre for Sustainability Reporting (NCSR) and Institute of Certified Sustainability Practitioners (ICSP), Indonesia. Md. Touhidul Alam Khan, Deputy Managing Director of the Bank received the award from Taufiq Hidayat, MM, MEP, Head of Regional Government of...

DSE/CSE News in Brief (10-12-2018)

DSE NEWSRecommendation of dividendPrime Islami Life Insurance Ltd.: The board of directors has recommended 15 per cent cash dividend for the year ended on December 31, 2017. The AGM of the company will be held on December 27, 2018 at 11:00 am at Police Convention Hall (1st floor), Eskaton Garden,...