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

Stocks tumble as major sectors slump

The prime index of the Dhaka Stock Exchange (DSE) plummeted to a fresh two-and-a-half-months low Monday as risk-averse investors sold major sector stocks, fearing further fall.DSEX, the core index of the prime bourse, went down by 50.91 points or 0.90 per cent to finish at 5,604. It was the lowest...

EBL signs deal with JP Morgan

Eastern Bank Limited (EBL) has entered into an agreement with J.P. Morgan, Singapore for processing letter of credit documents through electronic channel. Besides ensuring quicker payments for Bangladeshi exporters it will also support J.P. Morgan's client that require quicker turnaround on document processing for imports from Bangladesh. The arrangement will...

Pubali Bank to issue Tk 7.50b subordinated bond

The board of directors of Pubali Bank Limited has decided to issue 7 years subordinated bond-II worth Tk 7.50 billion.The bank will issue the bond for raising fund to have regulatory capital support of the bank under BASEL-III framework to raise the Tier-2 capital of the bank, said a disclosure...

Top ten-traded cos grab 41pc turnover

Brac Bank dominated the Dhaka Stock Exchange (DSE) turnover chart on Monday while top ten-traded companies grabbed 41 per cent transactions.Market operators said investors showed their buying appetite on Brac Bank shares amid dividend expectation as the bank will hold a board meeting on March 21.The board of directors is...

Oracle Q3 revenues down to $9.6 billion

Oracle Corporation (NYSE: ORCL) recently announced fiscal 2019 Q3 results.According to the disclosures, total revenues were $9.6 billion, down 1.0 per cent in USD and up 3.0 per cent in constant currency compared to Q3 last year.Cloud Services and License Support revenues were $6.7 billion, while Cloud License and On-Premise...

News Briefs(19-3-2019)

SBL workshop on 'Internal Credit Risk Rating System' Mamun-Ur-Rashid, Managing Director & CEO of Standard Bank Limited inaugurated a four- day long workshop on "Internal Credit Risk Rating System" for Credit Officers of SBL branches organised by the Training Institute of the Bank. Among others EVP & Head of Credit...

Summit Narayanganj Power Plant - Unit I & II

Jafer Ummeed Khan, Vice-Chairman of Summit Group, Dr Ashraf Shikhaliyev, Ambassador, Embassy of the Republic of Azerbaijan and Deputy Chief of Mission Babak Ahmadov visiting the Summit Narayanganj Power Plant - Unit I & II

Participants of a day-long training course of Mercantile Bank

Md. Quamrul Islam Chowdhury, Managing Director & CEO of Mercantile Bank Ltd, and Javed Tariq, Principal of Mercantile Bank Training Institute, seen along with the participants of a day-long training course titled "Various Aspects of Branch Management for Efficient Banking Operation". A total of 40 officers from different branches of...

40th meeting of the Board of Directors of Modhumoti Bank

The 40th meeting of the Board of Directors of Modhumoti Bank Limited was held at its head office on Monday. Humayun Kabir, Chairman of the Board of Directors, Shaikh Salahuddin MP, Vice-Chairman Board of Directors, Barrister Sheikh Fazle Noor Taposh, MP, Chairman, Executive Committee of the Board and Md. Shafiul...

SIBL arranges a two-week long training programme

Social Islami Bank Limited arranged a two-week long training programme on "Investment Management" in its Training Institute at the Head Office of the Bank. Quazi Osman Ali, Managing Director & CEO of the Bank inaugurated the programme