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

BB working to enable Islamic banks to participate in repo, reverse repo operations

Economic affairs adviser to the Prime Minister Dr. Mashiur Rahman Wednesday said Bangladesh Bank is working to develop instruments such as Islamic Treasury Bills, Government Ijarah Sukuk, etc to enable Islamic banks to participate in repo and reverse repo operations.Addressing a two-day international technical workshop titled 'Liquidity Management Tools for...

Southeast Bank, BSL ink deal

An agreement was signed between Southeast Bank Limited and BSL (BRAC Services Limited) recently. Under this agreement, Southeast Bank Credit Card Members can avail up to 20 per cent discount on accommodation & food. In presence of S. M. Mainuddin Chowdhury, Additional Managing Director, Southeast Bank Limited, Md. Abdus Sabur...

UCB discloses 2017 annual earnings

United Commercial Bank Limited disclosed annual earnings 2017 at the corporate office of the bank Wednesday, said a statement.UCB has reported consolidated Net Profit After Tax (NPAT) of BDT 2,722.30 million in 2017 registering 3.6 per cent year-on-year growth. NPAT stood at BDT 2433.9 mn in 2017 on a standalone...

DSEX dips below 5,600-mark

Stocks witnessed a major correction Wednesday as prime index of the Dhaka Stock Exchange (DSE) dipped below 5,600-mark after nine months.Market operators said the retail investors continued their selling spree to avoid further loss while the institutional investors could not support the market more due to ongoing liquidity crisis, taking...

Union Bank receives hajj deposit

Shariah-based Union Bank Limited now receives Hajj deposit. In this regards a memorandum of understanding (MOU) was signed between Union Bank and Sonali Bank.Representatives of Ministry of Religious Affairs were present.Hasan Iqbal, DMD, Union Bank and Subhash Chandra Das, CFO, Sonali Bank signed the MOU on behalf of their respective...

News Briefs--(22-03-2018)

e-subscription of Intraco Refueling StationThe subscription for shares of Intraco Refueling Station Limited by the eligible investors through electronic subscription system under fixed price method of the stock exchanges will be continued till 5:30 p.m. of March 27, 2018 (round the clock). The required 100 per cent of subscribed amount...

Ten top-traded cos clinch 22pc turnover

Ten top-traded companies accounted for more than 22 per cent of transactions on the country's major bourse Wednesday. Square Pharmaceuticals topped the list.Market insiders said fundamentally-sound issues like Square Pharmaceuticals and Grameenphone (GP) continued to see price correction as investors were busy with booking profits from their recent price upsurge,...

Thrust on developing skilled accounting, finance HR under BPO

Mr. Mohammed Salim FCMA, president of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) called on Mr. Zunaid Ahmed Palak, M.P. State Minister, Information and Communication Technology (ICT), Government of the People's Republic of Bangladesh at his office Wednesday to discuss matters related with ICT development. Mr. Salim...

City Bank inks deal with Navana Limited

City Bank has signed an agreement with Navana Limited, sole distributor of Brand New Toyota vehicles in Bangladesh, as an auto loan partner recently, according to a statement. Under this agreement City Bank customers will avail auto loan at a special rate and reduced processing fee. In addition, customers will...

Sri Lankan stocks fall to 8-week closing low

COLOMBO, Mar 21 (Reuters): Sri Lankan shares fell for a third straight session on Wednesday and posted their lowest close in eight weeks, as investors sold diversified stocks such as John Keells Holdings Plc on worries over slower economic growth, brokers said.Sri Lanka's economy grew by 3.1 per cent in...

DSE/CSE News in Brief (22-03-2018)

DSE NEWSBoard meetingTakaful Islami Insurance Limited: The company has informed that a board meeting of the company will be held on April 03, 2018 at 3:30 pm to consider, among others, audited financial statements of the company for the year ended on December 31, 2017.Resumption of tradingGlaxoSmithKline (GSK) Bangladesh Ltd.:...

Chairman of Bank Asia handing over a cheque to CEO of Bank Asia Foundation

A Rouf Chowdhury, Chairman of Bank Asia handing over a cheque to Aminul Islam, CEO of Bank Asia Foundation from Bank's Islamic Banking unit recently for social welfare and charity works through the foundation, while President & Managing Director Md. Arfan Ali and former EC Chairman & Shariah Supervisory Committee...

Chairman of Pragati Insurance Ltd presiding over the 265th meeting of the board of directors

Chairman of Pragati Insurance Ltd Syed M. Altaf Hussain presiding over the 265th meeting of the board of directors of the company in the city on Wednesday while Former Chairman Abdul Awal Mintoo, Khalilur Rahman, Mohammed A. Awwal, Vice-chairman Khan Mohd. Ameer, directors Nasir Latif, Md. Akbar Hossain, Santosh Sharma...