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

Stocks rebound riding on banking Scrips

Stocks returned to green Monday as some optimistic investors took position on heavyweight banking sector shares ahead of year-closing.Brokers said the market returned to the positive territory, though most of the traded issues closed lower, riding on bank and telecommunication stocks.Share price of 24 banks, out of 30 ticked higher.Shahjalal...

Mercantile Bank Limited inaugurated the 1

Mercantile Bank Limited inaugurated the 125th branch at Chandragonj, Lakshmipur Monday. Md Quamrul Islam Chowdhury, Additional Managing Director & CBO of the bank opened the branch as the chief guest. Md Abu Taher, Chittagong Zonal Head of the bank delivered his welcome speech in the opening ceremony.

ACI approves 115pc cash, 10pc stock dividend

The 44th Annual General Meeting of Advanced Chemical Industries Limited was held on Monday in the city. M. Anis Ud Dowla, Chairman of the Company, presided over the meeting, said a statement. The Financial Statements together with Auditors' and Directors' reports of the Company for the year ended 30 June...

Imam Button incurs retained loss of above Tk 33.01 million

FE ReportImam Button Industries has incurred a retained loss of above Tk 33.01 million as of June 30, 2017 due to under-utilisation of production capacity, the company's auditor said.The qualification paragraph of the auditor said the company has been able to utilise only 26 per cent of its production capacity...

Deshbandhu Polymer inks deal with Indian company

FE ReportThe board of directors of Deshbandhu Polymer has approved a Memorandum of Understanding (MoU) signed with an Indian company for exploring business plan, said an official disclosure Monday.Under the deal, Reform Packaging Pvt, a Gujrat-based company will be extending expertise to assess current operation status of Deshbandhu Polymer and...

Social Islami Bank Limited (SIBL) opened an agent banking outlet

Social Islami Bank Limited (SIBL) opened an agent banking outlet (Mohakhali Unit) at Arjutpara, Mohakhali in the city recently. Managing Director & CEO of the Bank Quazi Osman Ali and Group Director of Rahim Afrooz Niaz Rahim inaugurated the outlet of the bank.

AB Bank arranges training course

AB Bank recently organized a refresher training on "Anti-Money Laundering & Combating Financing of Terrorism" for its officials in the Bank's Training Academy. Mr. Sajjad Hussain, Deputy Managing Director of the Bank inaugurated the training program along with other senior members of management. — Statement

NRB Bank re-elects chairman

Mohammed Mahtabur Rahman has been re-elected as the Chairman of the Board of Directors of NRB Bank Limited for the next three years. Hails from Sylhet, Mr Rahman is a seasoned businessman and well-versed in a broad range of trade ventures around the world. He began career in his family-owned...

GP, Alif Manufacturing Co top turnover chart

FE ReportThe largest market cap listed company -- Grameenphone (GP) -- dominated the Dhaka bourse's transaction chart Monday while top 10 traded companies accounted for 34 per cent of the total turnover.Brokers said investors were mostly active on Grameenphone and Alif Manufacturing Company's shares throughout the session amid optimism. "The...

Managing Director and CEO of Dhaka Bank Ltd Syed Mahbubur Rahman

Managing Director and CEO of Dhaka Bank Ltd Syed Mahbubur Rahman and Chairman of Pakiza Group Rafiqul Islam Khan exchanging documents after signing an agreement for project finance of Tk 2,735.19 million at the bank's head office in the city recently. Among others, senior officials were present on the occasion.

The 36th Annual General Meeting (AGM) of Quasem Drycells Ltd

The 36th Annual General Meeting (AGM) of Quasem Drycells Ltd was held at RAOWA complex in the city recently. Chairman of the Board of Directors of the company Anwarul Islam presided over the programme. Managing Director & CEO Tasvir Ul Islam was also present on the occasion. The company approved...

A dividend distribution ceremony of Electricity Generation Company of Bangladesh Limited

A dividend distribution ceremony of Electricity Generation Company of Bangladesh Limited (EGCB) was held at Biddut Bhaban in the city recently. Chairman of EGCB and Secretary of Power Division Dr Ahmad Kaikaus handed over a dummy cheque for Tk 70 million (Tk 7.0 crore) to Chairman of Bangladesh Power Development...

DSE/CSE News in Brief (19-12-2017)

DSE NewsCredit rating resultSinobangla Industries Ltd: Credit Rating Information and Services Limited (CRISL) has rated Sinobangla Industries Ltd as "A" in the long term and "ST-3" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, unaudited financials up to...