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

Meghna Petroleum makes record profit, fuelled by non-operating income

Meghna Petroleum secured a profit of Tk 5.42 billion in FY24, the highest since its 2007 listing and a 23 per cent increase year-on-year, as income from bank deposits escalated amid the rising interest rate.The state-run petroleum marketer's earnings per share (EPS) stood at Tk 50.11 for FY24, elevated from...

Olympic Industries' profit subdued by higher expenses

Despite a significant year-on-year jump in revenue, Olympic Industries' profit grew less than 1 per cent to Tk 565 million in the first quarter of FY25 amid much higher operating expenses.The country's leading biscuit manufacturer's earnings per share (EPS) stood at Tk 2.83 for July-September this year from Tk 2.81...

Pubali Bank to issue bonds worth Tk 4b

Pubali Bank got regulatory permission to issue subordinated bonds worth Tk 4 billion for strengthening its Tier- II capital base under Basel-III norms.The Bangladesh Securities and Exchange Commission (BSEC) gave its consent on Tuesday for the issuance of the bonds, according to a press release.Earlier, the board of directors of...

SOUTHEAST BANK ORGANISES CAPACITY DEVELOPMENT WORKSHOP

Southeast Bank recently conducted a capacity development workshop on retail products, marketing techniques and related risk management, aiming to ensure prompt and effective customer services. The bank launched its campaign 'Hit & Win' last month to attract deposits and provide retail loans at an affordable interest rate till December 30...

MERCANTILE BANK HOLDS BUSINESS MEETING

The Business Review Meeting-2024 for Barisal and Khulna regions of Mercantile Bank was held at Hotel Grand Park, Barisal recently. The heads of 17 branches, including sub-branches in Barisal and Khulna, participated in the conference. Md. Quamrul Islam Chowdhury, managing director of the bank, was the chief guest at the...

Tesla options draw 'euphoric' trading as Trump win fires up stock

NEW YORK, Nov 12 (Reuters): Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk's close ties to President-elect Donald Trump may benefit the electric car maker.Tesla's shares were up about 8...

Wall Street bonuses will rise for the first time since 2021, consultant says

NEW YORK, Nov 12 (Reuters): Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates.Payouts will probably rise after financiers benefited from several factors in recent months: a recovery in...

STANDARD BANK HOLDS 401ST BOARD MEETING

The 401st Board Meeting of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Tuesday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. Director & Founder Vice Chairman Kamal Mostafa Chowdhury, Directors Ashok Kumar Saha, Ferozur Rahman, SAM Hossain, Mohammed Shamsul...

SHARI'AH COMMITTEE OF SOCIAL ISLAMI BANK HOLDS MEETING

Social Islami Bank's reconstituted board, under the guidance of Bangladesh Bank, has reformed the Shari'ah Supervisory Committee of the bank. The reformed committee held its first meeting at the bank's head office on Monday. At the meeting, Mufti Mahfuzul Haque was elected as chairman of the Shari'ah Supervisory Committee, Mufti...