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

Margin loan ratios revised

The securities regulator has revised margin loan ratios which recently were defined keeping pace with the movement of benchmark index of Dhaka Stock Exchange (DSE).The Bangladesh Securities and Exchange Commission (BSEC) on Monday issued a directive on revised margin loan ratios which will come into effect from January 1, 2021.The...

IPO share bidding of Lub-rref begins Oct 12

The bidding for eligible investors (EIs) to explore the cut-off price of shares of Lub-rref (Bangladesh) Limited, a local lubricant producer, will begin October 12 at 5:00pm.The Chittagong-based lubricant company's shares bidding through electronic subscription system (ESS) of the exchanges will be continued until 5:00pm on October 15, according to...

Apex Tannery to sign contract with 3 companies to sell finished leather

The board of directors of Apex Tannery Limited has decided to enter into a contract with three companies to sell its finished leather.The board has taken the decision to enter into a contract to sell its finished leather with FB Footwear Ltd., Footbed Footwear Ltd. and Nuovo Shoes (BD) Ltd....

DSEX dips below 5,000-mark again

Stocks drifted lower on Tuesday, after a single-day break, as risk-averse investors opted for booking profit on quick-gaining stocks.The market opened on upbeat note and the key index of the major bourse rose 25 points within first 30 minutes. But, all the initial gains wiped out as the sessions progressed...

Mercantile Bank opens 20 new agent banking outlets

Mercantile Bank Limited launched twenty more new 'Agent Banking Outlets' across the country to provide basic banking services to the unbanked population of the country, said a statement. The bank's Managing Director & CEO Md. Quamrul Islam Chowdhury inaugurated the outlets on Tuesday virtually as the chief guest. Mati Ul...

Fifth Cotton Day-Bangladesh held in Dhaka

COTTON USA held a virtual seminar in Dhaka to celebrate the fifth Cotton Day- Bangladesh recently. Cotton Council International (CCI) introduced Cotton Day in 2016 in Bangladesh to celebrate US Cotton as well as Bangladesh being the largest manufacturer and exporter of cotton apparel products, said a statement.Over one thousand...

IBBL opens four new branches

Islami Bank Bangladesh Limited inaugurated its 358th, 359th, 360th and 361st Branch as Bheramara in Kushtia, Khulshi in Chattogram, Kalai in Joypurhat and Ashulia in Dhaka on Tuesday. Md. Mahbub ul Alam, Managing Director and CEO of the bank inaugurated the branches at virtual platform as chief guest. Mohammed Monirul...

News Briefs (30-09-2020)

Board meetingSummit Power Limited: A meeting of the board of directors will be held on October 07, 2020 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended on June 30, 2020. — CSE Online Ex-IMF chief Rato acquitted in trial over Bankia's...

Hatikumrul Bazar Sub-branch of First Security Islami

The Hatikumrul Bazar Sub-branch of First Security Islami Bank Ltd was opened at Salanga, Sirajganj on Tuesday. Syed Waseque Md Ali, Managing Director of First Security Islami Bank, inaugurated the sub-branch through a video conference.

DSE/CSE News in Brief (30-09-2020)

Disbursement of dividend Bangladesh National Insurance Company Limited: The company disbursed the cash dividend for the year ended on December 31, 2019.Suspension of tradingJanata Insurance Company Limited: Trading of the shares of Janata Insurance Company Limited will remain suspended on its record date, today (Wednesday). Trading of the shares of...

1st Shariah Supervisory Committee meeting of UCB

The 1st Shariah Supervisory Committee meeting of United Commercial Bank Limited (UCB) was held at the bank's corporate office on Monday. The meeting was presided over by Bazal Ahmed, Vice-Chairman of UCB & Chairman of the Shariah Supervisory Committee, while Mohammed Shawkat Jamil, Managing Director, UCB, was present.

A. B. M. Mokammel Hoque Chowdhury, inaugurated the Mirpur Bazar Sub-branch

A. B. M. Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, inaugurated the Mirpur Bazar Sub-branch, Bahubal, Habiganj as the chief guest through video conference from the head office, Dhaka. Deputy Managing Directors of Union Bank Hasan Iqbal and Md. Nazrul Islam were present as special guests.

35th AGM of Peoples Insurance Company

The 35th Annual General Meeting (AGM) of Peoples Insurance Company Limited was held on a digital platform recently. The company's Chairman Jafar Ahmed Patwari presided over the meeting while Adviser M. H. Khaled, Managing Director and CEO Sib Sankar Saha, FCA, and Company Secretary Sk. Md. Sarfaraz Hossain ACS, were...

20th AGM of Islami Commercial Insurance Company

The 20th Annual General Meeting (AGM) of Islami Commercial Insurance Company Ltd was held recently at the company's head office. Chairperson of the Board of Directors Shahida Anowar presided over the meeting. Chief Executive Officer Mir Nazim Uddin Ahmed and Company Secretary Md. Aktaruzzaman were also present in the meeting.

French car brand 'Peugeot' celebrated 210th anniversary

French car brand 'Peugeot' celebrated its 210th anniversary recently. A. G. Motors, the only distributer of Peugeot cars in Bangladesh and a concern of Anwar Group, announced free maintenance service for 6 years up to 60,000 kms for Peugeot cars. City Bank, Mutual Trust Bank, Eastern Bank, Dhaka Bank, Standard...