News Briefs-(17-9-2018)

MTB receives dividend from Alliance Capital

Alliance Capital Asset Management Limited recently handed over the dividend cheque of MTB Unit Fund amounting to over Tk 22.99 million to Mutual Trust Bank Limited (MTB) at a simple ceremony at the MTB Centre in the capital. Managing Director & CEO of MTB Anis A. Khan and Group Chief Finance Officer of MTB Sayed Abul Hashem, and Managing Director & CEO of Alliance Capital Kh. Asadul Islam were present at the ceremony. The trustee committee of MTB Unit Fund has declared a cash dividend of 13.25 per cent per unit for the unit-holders for financial year 2017-18. Alliance Capital Asset Management Limited is the asset manager of this fund while Bangladesh General Insurance Company Limited (BGIC) is the trustee and BRAC Bank Limited is the custodian.

— Statement

ACRSL rates Provati Ins 'AA'

ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA rating of Provati Insurance Company Limited as "AA" for long term and "ST-2" for short term in consideration of financials of the company up to December 31, 2017 (audited), Q2FY18 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration. — DSE Online