Merchant banks risk losing licences over IPO shortfall
Merchant banks will face penalties-including licence cancellation-for having failed to bring at least one IPO proposal every two years, as required by the relevant rules.They were notified of the regulatory position at a meeting held on Wednesday at the Bangladesh Securities and Exchange Commission (BSEC)."What's the meaning of grabbing a...
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Excise shock, factory shift drag BATBC profit down 67pc
British American Tobacco Bangladesh Company (BATBC) posted a steep 67 per cent year-on-year decline in profit after tax in 2025, hit by a mid-year excise duty hike and a forced factory relocation that drove up one-off costs.The company's income plunged to Tk 584 crore in 2025, resulting in earnings per...
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EBL profit jumps 20pc in 2025
Eastern Bank Ltd. (EBL) experienced 20 per cent growth in profit to Tk 9.01 billion in 2025, riding on a resilient business model amid a challenging operating environment, according to a press release.Driven by prudent balance sheet management and disciplined risk practices, the bank continued to deliver robust growth across...
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MTB FOUNDATION CELEBRATES WORLD WATER DAY LAUNCHING PROJECT
MTB Foundation commemorated World Water Day 2026 and celebrated this year's theme, 'Water and Gender' by recently inaugurating three water access hubs under the project 'JolTorongo.' The hubs will provide safe water to the vulnerable communities of Kagabala, Prem Nagar and Satbagh of Moulvibazar district. The inauguration ceremony was attended...
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SOUTHEAST BANK RELOCATES KARWAN BAZAR BRANCH
Southeast Bank officially relocated its Karwan Bazar branch to a more spacious and modern location within the same building of Jamuna Bhaban on Wednesday. The branch has been moved from the semi-basement to the 2nd floor of Holding No. 2, Jamuna Bhaban, Karwan Bazar Commercial Area, Dhaka. The inauguration ceremony...
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PUBALI BANK INAUGURATES ELECTRONIC BANKING BOOTH
Pubali Bank has inaugurated an electronic banking booth at the National Institute of Burn and Plastic Surgery (NIBPS), Dhaka, to provide modern, secure and fast banking services. Mohammad Ali, managing director & CEO of Pubali Bank, and Professor Dr. Mohammad Nasir Uddin, director of NIBPS, inaugurated the booth.
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Gulf bourses gain on optimism for US-Iran peace talks
Major stock markets in the Gulf advanced in early trading on Wednesday, building on the previous session's gains as optimism over renewed US-Iran peace talks lifts investor sentiment, reports Reuters.The United States said on Wednesday that its military had fully halted sea trade to and from Iran, even though President...
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