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

Stocks start month on upbeat note

Stocks closed higher on Sunday, the first trading day of November, as bargain hunters renewed their appetite for large-cap issues during the corporate declaration season.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), soared 50.58 points or 1.04 per cent to settle at 4,896.Two sub-indices also edged higher. The...

IPO subscription of two cos this month

The public subscription of two companies -- Robi Axiata Ltd., the country's second largest mobile phone operator, and Crystal Insurance Company Ltd. -- will begin this month.Crystal Insurance: The initial public offering (IPO) subscription of Crystal Insurance Company will commence on November 10 at 10:00am, aiming to raise Tk 160...

Listed cos now can disburse interim cash dividend

The securities regulator has allowed the listed companies to recommend and distribute interim cash dividend from retained earnings subject to fulfillment of other rules and requirements.The Bangladesh Securities and Exchange Commission (BSEC) said this on Sunday in a clarification of its previous directive regarding dividend disbursement.Previously, the listed companies could...

EBL wins three awards from VISA

Eastern Bank Ltd (EBL) has won three awards from VISA for its performance in product innovation and cards business. The award ceremony was held at a webinar recently, said a statement.Awards were given in three categories - Excellence in Product Innovation, Excellence in E-commerce Acquiring Business and Excellence in Cross-Border...

Zaminur joins Karmasangsthan Bank as DMD

SK Md Zaminur Rahman joined Karmasangsthan Bank as its Deputy Managing Director (DMD) on October 28. Earlier, he was promoted to Deputy Managing Director at Janata Bank on October 4. He also served as the general manager of the information technology (ICT) division of Janata Bank. He started off his...

Shahjalal Islami Bank holds 307th board meeting

The 307th meeting of the board of directors of Shahjalal Islami Bank Limited (SJIBL) was held recently at Corporate Head Office of the bank by maintaining proper hygiene and social distance. On the other hand, a number of directors of the bank participated in this meeting on a digital platform....

GP Explorer to unlock potential of youths

Grameenphone launched GP Explorer platform on Sunday to upskill and equip youths of Bangladesh to take on the challenges and opportunities of the fourth industrial revolution as a part of the "National Youth Day", reports BSS."GP Explorer" a three-month-long online program designed to train the bright minds from selected universities...

HSBC drives Bangladesh's first crossborder Blockchain LC Transaction

HSBC hits another Blockchain milestone in the successful execution of the first-ever crossborder Blockchain Letter-of-Credit (LC) transaction in Bangladesh, said a statement.The transaction involved the import of 20,000MT of fuel oil by United Mymensingh Power Limited from Singapore, for their power plant. This is the first time a crossborder Blockchain...

City Bank wins ADB's Leading Partner Bank Award

City Bank has won Leading Partner Bank Award in Bangladesh for 2020 by Asian Development Bank (ADB) under their Trade and Supply Chain Finance Programme (TSCFP) in recognition of highest number of transactions collaborated with ADB. The award was presented in a virtual award ceremony held on 28 October due...

DSE/ CSE News in Brief (02-11-2020)

Disbursement of dividendDhaka Insurance Limited: The company disbursed the cash dividend for the year ended on December 31, 2019 to the respective shareholders.Takaful Islami Insurance Limited: The cash dividend for the year ended on December 31, 2019 has been disbursed to the respective shareholders' bank accounts through BEFTN system.Board meetingsACI...

EXIM Bank Quarterly Business Development Conference 2020

EXIM Bank held Quarterly Business Development Conference 2020 recently. The conference was conducted from the head office on a virtual platform. Managing Director and CEO Dr. Mohammed Haider Ali Miah was present as the chief guest in the conference.

Mamoon Mahmood Shah, inaugurating Dilkusha Branch

Mamoon Mahmood Shah, Managing Director & CEO (CC) of NRB Bank Limited, inaugurating the bank's Dilkusha Branch at a new location at Boliyadi Manson, 14, Dilkusha C/A, Dhaka on Sunday while Md. Khurshed Alam, Deputy Managing Director of the bank, was present.

Barishal Zone of Islami Bank Bangladesh

Barishal Zone of Islami Bank Bangladesh Limited organised a webinar on 'Compliance of Shari'ah in Banking Sector' recently. Professor Dr. Qazi Shahidul Alam, Director of the bank, addressed the programme as the chief guest while Md. Omar Faruk Khan, Additional Managing Director, spoke as special guest.

Mohammad Aiyub, inaugurated relocation of Bhatiary Branch

Mohammad Aiyub, Director of South Bangla Agriculture and Commerce (SBAC) Bank, inaugurated relocation of Bhatiary Branch to the new address at Sahab Mia Tower, Station Road, Bhatiary, Sitakunda, Chattogram. Deputy Managing Directors of the bank Mohammad Salim Chowdhury and Md. Mamunur Rashid Molla were present on the occasion.

Modhumoti Bank donated 15,000 blankets

Modhumoti Bank Limited donated 15,000 blankets to the Prime Minister's Relief Fund recently. Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, handed over the sample blankets to PM's Principal Secretary Dr. Ahmad Kaikaus at the Prime Minister's Office. Prime Minister Sheikh Hasina joined the programme through a...