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

Ins, mutual funds and banking issues attract investors

Dhaka bourse on Monday closed marginally higher extending the gaining streak for third consecutive session riding on some major sectors, especially the insurance.On the day, the broad index of Dhaka Stock Exchange (DSE) crossed 4900-point mark, while the turnover rose moderately following investors' increased participation on insurers, mutual funds and...

eGeneration to implement workflow and security solutions in Planning Ministry

eGeneration, a leading system integration and software solutions company in Bangladesh, has recently signed an agreement with Central Procurement Technical Unit (CPTU), an agency under the Ministry of Planning.eGeneration will provide CPTU with IT collaboration tools, and workflow automation, consulting, implementation and training on Microsoft SharePoint platform with systems management...

Cut-off price of Lub-rref share set at Tk 45 each

The cut-off price of shares of Lub-rref (Bangladesh) Ltd, a local lubricant producer, has been fixed at Tk 45 each through electronic bidding by eligible investors.The eligible investors took part in the price discovery of the Chattogram-based lubricant company's shares by bidding for 72 hours - from 5:00pm on October...

GP recovering topline as economic activity resumes

Grameenphone Ltd reported total revenues of BDT 35.6 billion for the third quarter of 2020, registering a 2.8 per cent de-growth from the same period last year. Net profit after taxes (NPAT) for the third quarter was BDT 8.9 billion, with 25.0 per cent margin. Earnings per share (EPS) for...

ICB AMCL Shotoborsho Unit Fund holds trust deed registration ceremony

The Trust Deed Registration Ceremony of the Open-end (Growth) Mutual Fund "ICB AMCL Shotoborsho Unit Fund" was held on Monday on the occasion of the 100th Birth Anniversary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, between ICB Capital Management Limited (a subsidiary of ICB) and the country's...

NCC Bank signs deal with NRBC Bank

NCC Bank signed a foreign remittance drawing agreement with NRBC Bank at its Head Office on Sunday. Khondoker Nayeemul Kabir, Managing Director & CEO (C.C.) of NCC Bank, and Md. Mukhter Hossain, Managing Director & CEO of NRBC Bank, signed the agreement on behalf of their respective organisations. M. Shamsul...

UCB to cooperate with BSEC for development of capital market

Anisuzzaman Chowdhury Ronny, Chairman, Executive Committee of United Commercial Bank Limited (UCB), recently held courtesy meeting with Professor Shibli Rubayat-Ul-Islam, Chairman, Bangladesh Securities and Exchange Commission (BSEC). Director of UCB Professor Dr. Md. Jonaid Shafiq, Managing Director of UCB Muhammed Shawkat Jamil and other senior officials were also present at...

Midland Bank signs MoU with Grand Palace

Midland Bank Limited (MDB) signed a Memorandum of Understanding (MoU) with Grand Palace Hotel & Resorts Limited, a sister concern of SA Group of Company, said a statement. Md. Ridwanul Hoque, Head of Retail Distribution of Midland Bank, and Shamsul Alam Pantho, Director of SA Group, signed the MoU on...

ONE Bank elects Chairman, re-elects Vice Chair, EC Chair

The Board of Directors of ONE Bank Limited has elected A.S.M. Shahidullah Khan as its Chairman for one-year term from October 15, 2020. The Board has also re-elected Asoke Das Gupta as its Vice Chairman and Zahur Ullah as the Chairman of the Executive Committee (EC), said a statement.Mr. A.S.M....

Budhhata Bazar Sub-Branch of First Security Islami Bank

The Budhhata Bazar Sub-Branch of First Security Islami Bank Ltd started its operation at Assasuni, Satkhira on Monday. Syed Waseque Md Ali, Managing Director of First Security Islami Bank, inaugurated the sub-branch from FSIBL Head Office through a videoconference. Abdul Aziz and Md. Mustafa Khair, Additional Managing Directors, and Md....

Lankan Alliance Finance

Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state-owned bank of Sri Lanka, signed a loan agreement with United Development Initiatives for Programmed Actions (UDDIPAN) at LAFL's Head Office in the city on Sunday. Under this agreement, UDDIPAN will get long-term finance of Tk 200 million for financing...

Padma Bank handed over a cheque of group insurance

Padma Bank Limited on Sunday handed over a cheque of group insurance to the nominee of its Security Supervisor Md. Dulal Talukder who died during his service. M Ahsan Ullah Khan, Head of Human Resources Division of the bank, handed over the cheque for Tk 0.3 million to the nominee...

DSE/CSE News in Brief (20-10-2020)

Disbursement of dividend Pragati Life Insurance Ltd: The company disbursed the cash dividend for the year ended on December 31, 2019 to the respective shareholders.Board meetingsPrime Bank Limited: A board meeting of the company will be held on October 27, 2020 at 3:00 PM to consider, among others, un-audited financial...