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

BRAC Bank earns record profit, to pay decade-high dividend

BRAC Bank earned a record profit of Tk 14.32 billion in 2024, securing a remarkable 73 per cent year-on-year growth driven by substantial income from investments in government securities. Apart from high returns from Treasury bills and bonds, the bank witnessed an escalation in interest income in the year, compared...

Margin loans not for retired persons, housewives, students: Taskforce

Margin loans should be available only for those who have a regular flow of income from sources beyond the equity market so that they can pay interest and honour margin calls. The taskforce of the capital market made this recommendation in its final report submitted to the securities regulator on...

Jamuna Oil's profit escalates over 56pc on high interest income

State-owned fuel marketer Jamuna Oil Company reported a whopping 56.42 per cent year-on-year jump in profit to Tk 1.41 billion in the third quarter though March of FY25, riding on interest income from bank deposits. Hence, earnings per share jumped to Tk 12.73 for January-March this year from Tk 8.14...

Eastern Housing's profit soars 26pc on higher sales of apartments

Eastern Housing's profit jumped 26 per cent year-on-year to Tk 170.4 million in the third quarter of FY25, as apartment and land sales increased.The lone listed realtor's earnings per share stood at Tk 1.83 for the January-March quarter, up from Tk 1.45 for the same quarter the year before, according...

Abdus Salam elected as Vice-Chairman of NCC Bank

The board of directors of NCC Bank has elected Abdus Salam (sponsor director) as vice-chairman of the bank in a meeting held recently, according to a statement.Engr. Abdus Salam, a distinguished electrical engineer, graduated from the Bangladesh University of Engineering and Technology (BUET) in 1965. Over the decades, he has...

ICB invested Tk 10b in 'A' stocks from recent govt fund

The Investment Corporation of Bangladesh (ICB) has invested Tk 10 billion in 'A' category stocks out of Tk 30 billion received from the government under a sovereign guarantee.The remaining Tk 20 billion has been utilised in repaying a portion of the high-cost loans previously obtained from banks, non-bank financial institutions...

Change of mindset needed to ensure women’s empowerment: Experts

A change in mindset -- from the breakfast table to the workplace -- is urgently needed to accelerate actions toward an inclusive society, where gender rights, equality, and empowerment are ensured, as these have traditionally been viewed as a long journey to achieve.Speakers expressed this view at a seminar on...

IDLC Asset Shariah Fund meeting held

The 22nd Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held on Sunday, with Dr. Syed Muhammed Emdad Uddin in the chair, says a statement. Board members Dr. Sayed Kamaluddin Abdullah Zafree, Dr. M Mahabbat Hossain and Mufti Yusuf Sultan reviewed...

CITY BANK HOLDS BRANCH MANAGERS' CONFERENCE 2025

City Bank held its Branch Managers' Conference 2025 on Saturday, April 26, at a hotel in Cox's Bazar in a festive manner. The primary objectives of the conference were to formulate strategies for the future, review branch performance, expand technology-driven services, devise methods to enhance customer satisfaction, and outline a...

PRIME BANK GIFTS PILGRIMS OF BIMAN HAJJ FLIGHT

Prime Bank at an event recently handed over gifts to all the pilgrims of the first Hajj flight of Biman Bangladesh Airlines to take off on Tuesday. The ceremony was organised by Biman Bangladesh Airlines at Balaka Bhaban. M. Nazeem A. Choudhury, deputy managing director of Prime Bank, handed over...

MEGHNA BANK BOARD HOLDS 188TH MEETING

The 188th meeting of the Board of Directors of Meghna Bank PLC was held at the bank's head office recently. The meeting was presided over by Chairperson of the bank Uzma Chowdhury. Vice-Chairman and Chairman of the Executive Committee Tanveer Ahmed, Mohammad Mamunul Haque, Chairman of the Risk Management Committee,...

Community Bank holds its 63rd board meeting

The 63rd board meeting of Community Bank Bangladesh PLC was held at the Police Headquarters on Sunday. The meeting was chaired by Baharul Alam, Inspector General of Police and Chairman of Community Bank Bangladesh. During the meeting, the audited financial statements of the bank for the year 2024 was approved...

Standard Bank Securities Limited holds board meeting-

The 48th meeting of the Board of Directors of Standard Bank Securities Limited was held at Standard Bank Board Room, Head Office, Dhaka on Monday. Chairman Ferozur Rahman presided over the meeting. The meeting was attended by members of the Board Ashok Kumar Saha, Ferdous Ali Khan, A K M...

JIBON BIMA CORPORATION LAUNCHES HEALTH RIDER

Managing Director of Jibon Bima Corporation and Additional Secretary Md Mohibuzzaman inaugurated a new insurance product – 'Health Rider (individual insurance)' – at the head office of the corporation on Sunday. As part of the health benefits to be added to the corporation's existing schemes, three new rider options have...

KSA, Qatar to settle Syria’s WB debt

RIYADH, Apr 28 (AFP): Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World Bank totalling roughly $15 million, according to a statement published by the Saudi Press Agency.Both Gulf states have played a key role in the diplomatic outreach to Syria's new rulers...