Top listed firms see share prices plunge up to 47pc in ten months

Top listed companies by market capitalisation, including telecom giant Grameenphone, have seen their share prices plunge by as much as 47 per cent since the fall of the Awami League government, contributing to a sharp decline in the benchmark equity index of Dhaka Stock Exchange.During this 10-month period, the benchmark...

Read more

Yet another jewel in the Bank Asia's crown

In a significant development within the country's banking sector, Bank Asia PLC has signed a Memorandum of Understanding (MoU) with Bank Alfalah Limited, one of the largest commercial banks in Pakistan, in which Bank Asia will acquire the Bangladesh Operations of Bank Alfalah Ltd. The acquisition is subject to both...

Read more

EBL secures AAA credit rating again

Eastern Bank Plc. (EBL) has been awarded the highest AAA credit rating from Credit Rating Agency of Bangladesh Ltd. (CRAB), along with short-term rating of ST-1 and a stable outlook for three years in a row, says a statement.Ali Reza Iftekhar, Managing Director and CEO of EBL, said, "This remarkable...

Read more