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

Rising market lures new investors

The number of new beneficiary owner (BO) accounts is on the rise in recent weeks as new investors are entering the market to cash in on the bullish market.About 31,451 accounts were opened in the last one and a half months, according to data from the Central Depository Bangladesh Ltd...

Prime Bank ventures into ECA-covered term loan for City Group

Partnering with renowned German and Swiss financial institutions, Prime Bank Limited has made its maiden deal in ECA-covered Foreign Currency Term Loan for a leading Bangladeshi conglomerate, City Group, says a statement. The Prime Bank has arranged a foreign currency credit for setting up of the most modern salt plant...

Stocks end flat on profit-booking

Stocks finished nearly flat in a choppy session on Monday as investors were active on both sides of the trading fence throughout the session.DSEX, the prime index of the Dhaka Stock Exchange (DSE), inched down by 1.91 points or 0.03 per cent to settle at 5,092, after hitting more than...

MTB signs agreement with BB for GTF

Mutual Trust Bank Limited (MTB) has recently signed a Participating Agreement with the Bangladesh Bank (BB) for Green Transformation Fund (GTF) of €200 million, says a statement.Khondkar Morshed Millat, General Manager, Sustainable Finance Department, Bangladesh Bank, and Syed Mahbubur Rahman, Managing Director & CEO, Mutual Trust Bank Limited (MTB), signed...

BSEC suspends share trading of Zeal Bangla Sugar Mills

The stock market regulator has suspended share trading of Zeal Bangla Sugar Mills, with effect from today (Tuesday), following 'unusual' transactions and movement of its share price.The Bangladesh Securities and Exchange Commission (BSEC) took the decision to suspend the share trading of the company until further order, according to a...

Prof Hashem new BASIC Bank chairman

Professor Abul Hashem has been made the chairman of state-owned BASIC Bank Ltd. Financial Institutions Division of the Ministry of Finance issued a circular on Monday, appointing him as the chairman of the BASIC Bank for three years, says a press release. Prof Hashem is set to join the bank...

News Briefs (15-09-2020)

Dividend declarationThe Trustee Committee of the ‘Reliance One’ Fund has declared 'No dividend' for the year ended on June 30, 2020. The Fund has also reported EPU of Tk (0.04), NAV per unit at market price of Tk 10.70, NAV per unit at cost of Tk 10.96 and NOCFPU of...

Modhumoti Bank opened Revenue Collection Booths

Modhumoti Bank Limited opened Revenue Collection Booths at Dhaka South City Corporation Zone-3 at Azimpur and at Zone-5 at Saydabad on Monday. ABM Amin Ullah Nuri, Chief Executive Officer of DSCC, inaugurated the booths in presence of Md Shafiul Azam, Managing Director & CEO of the bank.