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

Low provisioning main driver for rise in profits by listed banks

Most of the listed banks witnessed rise in EPS (earnings per share) for July-September, 2020 compared to same period of the previous year.Officials said the banks' EPS rose following the central bank's policy support provided for not classifying any loans till December to cope with the COVID-19 situation.Many of 30...

EHL approves 5pc cash dividend

The 56th Annual General Meeting of Eastern Housing Limited was held virtually on Thursday.The AGM was presided over by the Chairman of Eastern Housing Ltd. Mr. Manzurul Islam. Members of the Board of Directors namely Mrs. Suraiya Begum, Mr. Abu Luthfe Fazle Rahim Khan, Mr. Abdur Rahim Choudhury, Mr. Md....

Dhaka Bank, Ace Autos sign deal

Dhaka Bank and Ace Autos, an exclusive distributor of HAVAL in Bangladesh, recently signed an agreement. Under this agreement on Haval SUV model ranges, Dhaka Bank privilege customers, all cardholders, customers and employees can enjoy special price along with exclusive facilities at Ace Autos, said a statement.H M Mostafizur Rahaman,...

AIG considers IPO or 19.9pc stake sale for life and retirement unit

Insurer American International Group Inc AIG.N said on Friday it is considering an initial public offering or a private sale of nearly 20 per cent of its life and retirement business to separate the unit from the rest of the company over the coming year, reports Reuters.The comments during a...

Truck drivers come under coverage of life ins for first time

Truck Lagbe and Guardian Life Insurance Limited have taken an initiative to arrange life insurance for truck drivers. The initiative taken by "Truck Lagbe" ushered in a new era of Truck Drivers' life insurance. A contract to this effect was signed between Truck Lagbe and Guardian Life Insurance recently at...

Jamuna Bank gets new DMD

Mr. Noor Mohammed was appointed as the Deputy Managing Director of Jamuna Bank Limited recently. Prior to joining, Mr. Mohammed was the Senior Executive Vice President & Head of Corporate Business in United Commercial Bank Limited. Mr. Mohammed has around 22 years of experience in banking service and has held...