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

Expansion, diversification drive Olympic Industries' record Q2 profit

Olympic Industries secured the highest quarterly profit of Tk 625 million in the second quarter of FY26, driven by higher sales amid capacity expansion and product portfolio diversification.The branded biscuit manufacturer sustained its growth momentum, supported by newly introduced chocolate and cookie plants.The company's revenue grew almost 5 per cent...

Policy shift boosts Submarine Cables' Q2 profit

Bangladesh Submarine Cables recorded a remarkable 80 per cent rise in profit to Tk 780.85 million in the second quarter of FY26, as revenue surged by more than 30 per cent compared with the same quarter a year earlier.According to the company, the strong earnings growth was driven by a...

Square Pharma's Q2 profit rises on higher sales, subsidiary income

Square Pharmaceuticals posted double-digit year-on-year profit growth to Tk 7.27 billion in the second quarter of FY26, fueled by higher sales and substantial income from subsidiaries.The 10 per cent year-on-year growth in earnings in the October-December quarter of FY26 pushed up the EPS of the country's largest drug manufacturer to...

Younus elected chairman of Shahjalal Islami Bank

Mohammed Younus has been unanimously elected as chairman of the board of directors of Shahjalal Islami Bank in its 404th board meeting held on Wednesday.Mohiuddin Ahmed re-elected and Fakir Akhtaruzzaman elected as vice-chairmen respectively of the board of directors of the bank.Mr. Younus was born in a respectable Muslim family...

Jamuna Bank holds training on ECL implementation under IFRS-9

Jamuna Bank PLC has recently organised training on the implementation of Expected Credit Loss (ECL) under IFRS-9 at the bank's Training Academy in Reliance Building, Gulshan-1, Dhaka.The training session was inaugurated by Managing Director & Chief Executive Officer of Jamuna Bank PLC Mirza Elias Uddin Ahmed, who emphasised the importance...

SOUTHEAST BANK CREDIT ADMINISTRATION ACHIEVES AUTOMATION

The credit administration division (CAD) of Southeast Bank hosted an event on Wednesday to mark the successful completion of its full centralisation and automation of documentation. This strategic engagement significantly improves operational efficiency and strengthens sustainable and environmentally responsible banking practices. The ceremony was graced by Southeast Bank Chairman MA...

BRAC BANK PROMOTES SME DIGITAL LOAN 'SHAFOLLO'

BRAC Bank recently organised a conference on its SME digital loan 'Shafollo' in Gazipur to showcase the country's first SME digital loan programme. The engagement brought together more than 200 small and medium business owners. Speaking at the event BRAC Bank Additional Managing Director and Head of SME Banking Syed...

Tesla shares up 1.8pc in Frankfurt day after results

LONDON, Jan 29 (Reuters): Tesla shares rose 1.8 per cent in Frankfurt on Thursday, a day after the company said it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI and that production plans for its Cybercab robotaxi were on track for this year.The move was roughly in...

Meta shares rise 7pc

Meta shares rose almost 7 per cent in early Frankfurt trading on Thursday, after several brokers raised their target prices following results in which the Instagram owner forecast first-quarter revenue above Wall Street expectations, reports Reuters.Meta on Wednesday boosted its capital spending plans for this year by 73 per cent...

Major Gulf markets in red on Iran jitters

Major stock markets in the Gulf fell in early trade on Thursday, as concerns grew that the US could launch military action against Iran, raising fears that the Gulf nations would be the first targets for Iranian retaliation, reports Reuters.The deployment of a US aircraft carrier and supporting warships to...

JANATA BANK'S ASSET-LIABILITY MANAGEMENT COMMITTEE MEETING HELD

A meeting of the Asset-Liability Management Committee (ALCO) of Janata Bank PLC was held at the bank's head office on Wednesday, with Managing Director of the bank Mazibur Rahman in the chair. The meeting was attended by Deputy Managing Directors Kazi Abdur Rahman and Md Faiz Alam, along with general...

RUPALI BANK'S SENIOR MANAGEMENT TEAM MEETING HELD

The 30th meeting of the Senior Management Team (SMT) of Rupali Bank PLC was held at the bank's head office in Dhaka on Wednesday. SMT Chairman and Managing Director of the bank Kazi Md Wahidul Islam presided over the meeting. Deputy Managing Directors Tahmina Akhter, Hasan Tanveer and Mohammad Harunur...

Global shares gain on earnings optimism, gold surges ahead

LONDON/SYDNEY, Jan 29 (Reuters): World stocks gained on Thursday as investors' optimism over earnings held up ahead of Apple's results, while gold blazed to its latest record high and oil prices rose on US-Iran tensions.The Euro STOXX 600 gained 0.5 per cent on the higher oil and precious metal prices,...

Norway wealth fund earned $247b in 2025 driven by tech, financial stocks

OSLO, Jan 29 (Reuters): Norway's sovereign wealth fund, the world's largest, on Thursday reported a 2025 profit of 2.36 trillion crowns ($247 billion), driven by a rise in tech, financial and basic materials stocks, falling just short of its 2024 record of 2.51 trillion crowns.The fund, which holds assets of...