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

DSEX tumbles amid lower dividend declaration

The prime index of the Dhaka Stock Exchange (DSE) tumbled to three months low on Sunday as worried investors continued their selling binge on financial stocks.DSEX, the prime index of the DSE, went down by 58.07 points or 1.04 per cent to settle at 5,512. It was the lowest level...

New Line Clothings to allocate 30m IPO shares

The New Line Clothings will allocate 30 million ordinary shares among the successful applicants as the company's initial public offering (IPO) lottery draw was held on Sunday.The lottery draw was held at 10:00am at the Institution of Engineers, Bangladesh (IEB) in Dhaka.The IPO result has been published on the websites...

Turkey's Arcelik buys Singer BD's 57pc stake

Turkey-based Arcelik, a home appliance manufacturing group, is set to acquire 57 per cent stake of Singer Bangladesh from Netherlands-based Retail Holdings group for $75 million.Arcelik and Retail Holdings NV on Friday announced that they had signed an agreement under which Ardutch BV, a wholly owned subsidiary of Arcelik, would...

Brac Bank leads DSE turnover chart

Brac Bank dominated the Dhaka Stock Exchange (DSE) turnover chart on Sunday while most ten-traded companies captured 35 per cent transactions.Market analysts said investors were mostly on selling binge on Brac Bank shares as the bank recommended lower than expected dividend.The board of directors of Brac Bank has recommended 15...

News Briefs(25-3-2019)

Premier Bank arranges School Banking ConfceThe Premier Bank Limited recently organised "School Banking Conference 2019" in Khulna as the lead bank. S M Moniruzzaman, Deputy Governor, Bangladesh Bank, Dhaka attended the program as the Chief Guest, while A, K, M, Fazlur Rahman, Executive Director, Bangladesh Bank, Dhaka and Md. Mosharraf...

"School Banking Conference 2019" of Premier Bank

The Premier Bank Limited recently organised "School Banking Conference 2019" in Khulna as the lead bank. S M Moniruzzaman, Deputy Governor, Bangladesh Bank, attended the programme as the Chief Guest, while AKM Fazlur Rahman, Executive Director, Bangladesh Bank, Dhaka and Md. Mosharraf Hossain Khan, Executive Director, Bangladesh Bank, Khulna graced...

Alamgir Kabir

Alamgir Kabir, FCA, Chairman of Southeast Bank Limited, attended a programme recently to honour poor and meritorious students of HSC level through disbursement of scholarships. Southeast Bank Foundation organized the event at the Officers' Club, Dhaka which was presided over by K M Mozammel Hoq, Executive Director of Southeast Bank...

Shahjalal Islami Bank inaugurates 123rd Branch

Shahjalal Islami Bank Limited inaugurated it's 123rd Branch at Uttarkhan, Uttara, Dhaka on Sunday. M. Shahidul Islam, Managing Director & CEO of Shahjalal Islami Bank Ltd, formally inaugurated the Branch as Chief Guest

A Rouf Chowdhury

A Rouf Chowdhury, Chairman of Bank Asia Securities Ltd., a majority-owned subsidiary of Bank Asia, signed the Company's Audited Financial Statement for the year ended on December 31, 2018 prior to the company's 8th Annual General Meeting held at Bank Asia Tower, Kawran Bazar, Dhaka recently. The company's Directors Mrs....

First board meeting of Padma Bank

The first board meeting of Padma Bank Limited was held on Sunday at its Motijheel branch, chaired by Chowdhury Nafeez Sarafat, Chairman Padma Bank. Directors of the bank Tamim Marzan Huda, Md. Abu Kaiser, FCA, Md. Obayed Ullah Al Masud, Chief Executive Officer (CEO) and Managing Director (MD) of Sonali...

"Customer Service Excellence"

A training programme on "Customer Service Excellence" was organised by AB Bank Training Academy for the Front Desk Officials of the Bank. Ms. Shamshia I. Mutasim, Deputy Managing Director and Head of HRMD inaugurated the course. Senior executives of the bank were present