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

Quality credit rating a must in maintaining capital adequacy

CHATTOGRAM, Jan 28: A senior official of Bangladesh Bank (BB) has called upon the bankers to strengthen capital adequacy of banks by improving quality of bank portfolio and risk management standard through credit rating from External Assessment Institutions (ECAI) approved by the central bank.Executive Director of Bangladesh Bank Chattogram region...

Aziz Khan wins 'Global Asian of the Year 2018' award

Chairman of Summit Group Muhammed Aziz Khan has been recognised as the 'Global Asian of the Year 2018' under the 'Power & Energy' category by AsiaOne magazine for his contribution to the sector and industry, said a statement.The award ceremony was held at the Tenth Edition of AsiaOne Summit 'Pride...

Stocks down, GP recommends 155pc div

Dhaka bourse declined marginally on Monday following the price correction witnessed by financial sectors.On the day, investors exerted selling pressure on general and life insurance sectors which recently displayed rally following investors' increased participation.The bank and financial institutions sectors also witnessed price correction on Dhaka Stock Exchange (DSE).As a result,...

IFAD Autos acquires 49pc holding of Gulf Oil

IFAD Autos has acquired 49 per cent holding of Gulf Oil (BD) at a cost of above Tk 119.07 million.In a disclosure, the company said all formalities regarding the acquisition have already been completed.Gulf Oil (BD), a subsidiary company of Gulf Oil International Limited (UK), is engaged in importing and...

Guardian Life appoints new DMD

Mohammad Shazzadul Karim has been promoted as the Deputy Managing Director (DMD) of Guardian Life Insurance Limited. Prior to the promotion, he was Senior Executive Vice President (SEVP) of the company, said a statement. Shazzad joined at Guardian Life Insurance Limited as Chief Operating Officer and SEVP in 2014. He...

Standard Bank to raise Tk 5.0b

Standard Bank will raise a capital worth Tk 5.0 billion to strengthen its capital base as part of Tier-II Regulatory Capital requirement.The fund will be collected issuing coupon bearing non-convertible fully redeemable unsecured 3rd subordinated debt for a period of seven years with floating rate.The company's board of directors has...

News Briefs (29-1-2019)

Dhaka Bank holds annual managers' conferenceAnnual Managers' Conference for the year 2019 of Dhaka Bank Limited was held recently at Royal Tulip Sea Pearl Beach Resort, Jaliapalong, Inani, Ukhia, Cox's Bazar. Mr. Reshadur Rahman, Chairman of the Board of Directors of Dhaka Bank Limited inaugurated the conference as Chief Guest...

DSE/CSE News in Brief (29-1-2019)

DSE NEWSDisbursement of dividend Oimex Electrode Ltd.: The bonus shares of the company for the year ended on 30 June 2018 have already been credited through CDBL to the respective shareholders' BO A/Cs on January 17, 2019.Square Pharmaceuticals Ltd.: The cash dividend for the year ended on June 30, 2018...

Annual Business Conference-2019 of Standard Bank

Annual Business Conference-2019 of Standard Bank Limited was held on Sunday at Intercontinental Dhaka under the Chairmanship of Managing Director & CEO Mamun- Ur- Rashid. Chairman of the Bank and International Director of Lions Clubs International Kazi Akram Uddin Ahmed graced the ceremony as the Chief Guest while Al-Haj Mohammed...

Managers' Conference for the year 2019 of Dhaka Bank

Annual Managers' Conference for the year 2019 of Dhaka Bank Limited was held recently at Royal Tulip Sea Pearl Beach Resort, Jaliapalong, Inani, Ukhia, Cox's Bazar. Reshadur Rahman, Chairman of the Board of Directors of Dhaka Bank Limited inaugurated the conference as the Chief Guest while Syed Mahbubur Rahman, Managing...

Md. Ehsan Khasru addressing "Recovery Conference 2019" of Farmers Bank

Md. Ehsan Khasru, Managing Director & CEO of Farmers Bank Limited addressing the "Recovery Conference 2019" of the bank held recently at Mirpur in the city. Chowdhury Nafeez Sarafat, Chairman of the bank, was the chief guest

Murabaha Facility of USD 20 million with LBFL

Ayman Amin Sejiny, CEO of Islamic Corporation for the Development of the Private Sector (ICD), Khwaja Shahriar, Managing Director & CEO of LankaBangla Finance Limited, and Md. Rafiqul Islam (extreme right), Managing Director & CEO of Green Delta Capital Limited, seen in an event where ICD, the member of the...

Agrani Exchange House Private Limited Singapore

Mohammad Shams-ul Islam, managing director & CEO of Agrani Bank Ltd, recently visited Agrani Exchange House Private Limited Singapore, a subsidiary of the state-owned bank. He exchanged views with the Singapore-based NRBs to enhance the flow of remittance through Agrani Exchange House Private Limited Singapore

2nd emergency meeting of the Board of Directors of Shippers' Council of Bangladesh

The 2nd emergency meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) in progress on Monday at the SCB conference room, Motijheel, Dhaka. Md. Rezaul Karim, chairman of the SCB presided over.The meeting decided to participate in the upcoming Global Shippers' Alliance (GSA) and Asian Shippers' Alliance...