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

DSE core index slips below 5,400-mark as Eid nears

Stocks slipped back to the red zone on Monday, with core index of the prime bourse dipping below 5,400-mark, as investors opted for profit booking.Market operators said some investors cashed in on stocks with only five trading sessions remaining before the Eid holidays."The investors opted for profit booking, particularly in...

Small Capital Board in the offing

A Small Capital Board will be formed soon to facilitate small capital companies to raise funds through initial public offerings (IPOs).Chairman of Bangladesh Securities and Exchange Commission (BSEC) Dr. M. Khairul Hossain disclosed this during a meeting with Venture Capital and Private Equity Association of Bangladesh (VCPEAB) at BSEC in...

Apex Tannery recommends 40 per cent cash dividend

The board of directors of Apex Tannery Limited has recommended 40 per cent cash dividend for the year ended on June 30, 2018.The annual general meeting (AGM) is scheduled to be held on October 8 at 10 am at the Bangladesh Shooting Sports Federation at Gulshan-1 in Dhaka, said an...

Eastern Bank to issue Tk 5.0 billion bond

The board of directors of Eastern Bank Limited has decided to issue non-convertible subordinated bond of Tk 5.0 billion, said an official disclosure on Monday.The bank will issue the bond for strengthening its capital base, subject to approval by the Bangladesh Bank (BB) and the Bangladesh Securities & Exchange Commission...

Prime Bank signs deal with BB

Prime Bank Limited recently signed a participatory agreement under Investment Promotion and Financing Facility II (IPFF) project with Bangladesh Bank (BB), according to a statement.In presence of Bangladesh Bank Governor Fazle Kabir, Deputy Governor and Project Director of IPFF-II Ahmed Jamal and Managing Director of Prime Bank Rahel Ahmed signed...

MTB inks deal with IBHL

Mutual Trust Bank Limited (MTB) signed an agreement with I-Business Holdings Limited (IBHL), the official representative of Samitivej Hospital, Thailand, at the bank's corporate head office in the city recently, according to a statement. Under this agreement, MTB Privilege customers, MTB VISA Signature and MasterCard World cardholders will enjoy 10...

Novartis approves 20pc cash dividend

Novartis (Bangladesh) Limited has approved 20 per cent cash dividend for the year 2017 at the 45th annual general meeting (AGM) of the company at a city hotel recently, according to a statement. Shah Md. Aminul Haq, Chairman, Novartis (Bangladesh) Limited, presided over the meeting. Dr. Riad Mamun Prodhani, Managing...

News Briefs--(14-8-2018)

NCR rates FAS Finance 'A'National Credit Ratings Limited (NCR) has announced the surveillance rating of FAS Finance & Investment Limited as ''A'' in the long term & ''ST-2'' in the short term along with a developing outlook based on audited financial statements of the company as on December 31, 2017.Auditor'sopinionNLI...

Remittance Disbursement Agreement

Managing Director of Southeast Bank Limited M. Kamal Hossain and Chief Executive Officer (CEO) Sanam Mia of SHA Global, a UK-based money transfer company, exchanging documents after signing a Remittance Disbursement Agreement recently in presence of executives of both the companies. Under this agreement, Bangladeshi expatriates in Europe could send...

A. E. Abul Muhaimen addressing a Town Hall meeting

Managing Director and CEO of United Commercial Bank Limited (UCB) A. E. Abul Muhaimen addressing a Town Hall meeting of the bank's senior executives from the head office and members of Chattogram UCB team in Chattogram recently