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

ICB to get lion's portion of the fund

The state-run Investment Corporation of Bangladesh (ICB) will get the lion's portion of the fund to be disbursed for the second time under the capital market refinancing scheme.The other stakeholders of the capital market will also avail the fund facility on first come, first served basis.The loan worth Tk 8.56...

Stocks tumble again as major sectors slump

Stocks plummeted on Monday, after a single-day break, as shaky investors booked quick-profit on major sectors' shares.Market analysts said the risk-averse investors opted to book short-term gain on stocks that witnessed substantial price surges over the last two sessions.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down...

Brac Bank tops DSE turnover chart

Ten most-traded companies captured more than 29 per cent transaction of the Dhaka Stock Exchange (DSE) on Monday while Brac Bank topped the list.Market analysts said investors were active on both sides of the Brac Bank shares after earnings declaration for January-March, 2019.The un-audited consolidated earnings per share (EPS) of...

National Housing re-elects chairman

Mr. Latifur Rahman has been re-elected as Chairman of National Housing Finance And Investments Limited at its 209th Meeting of the Board held recently for further 2 years, said a statement. Mr. Rahman, an eminent businessman in the country, is the Chairman and CEO of Transcom Group whose business includes...

New chairman of Pubali Bank

M. Azizul Huq Eminent Banker M. Azizul Huq has been unanimously elected as Chairman of the Board of Directors of Pubali Bank Ltd. in its 1200th Board Meeting. Mr. M. Azizul Huq obtained his MA degree in Economics from Dhaka University. He has long 62 years' experience in banking career....

IBBL opens Iftar distribution for traffic police

Islami Bank Bangladesh Limited has inaugurated Iftar distribution programme for Traffic Police Sunday at Islami Bank Tower. Mohammed Monirul Moula, Managing Director (Current Charge) of the Bank inaugurated the programme as chief guest. Tareq Ahmed, Additional Deputy Commissioner of Police, Traffic East Division, Motijheel Zone, Mohammad Ali, Abu Reza Md....

24th AGM of Dhaka Bank

The 24th AGM of Dhaka Bank Limited was held on Monday at InterContinental in the city. Reshadur Rahman, Chairman of the Bank, presided over the meeting. Managing Director & CEO Syed Mahbubur Rahman and other directors seen. The AGM approved 5.00 per cent cash and 5.00 per cent stock dividend...

IPDC and BASIS signs MoU

Mominul Islam, Managing Director and CEO of IPDC Finance Limited, and Syed Almas Kabir, president of BASIS, exchanging documents after signing a MoU under which IPDC will offer its strategic product 'Joyee' for the women entrepreneurs of BASIS as well as Supply Chain Finance through 'Orjon' platform to all the...

20th Annual General Meeting of First Security Islami Bank

The 20th Annual General Meeting of First Security Islami Bank Limited was held on Monday at Kurmitola Golf Club, Dhaka Cantonment, Dhaka. The meeting was presided over by Mohammed Abdul Maleque, Vice Chairman, Board of Directors of First Security Islami Bank Limited. Among others, Members of the Board of Directors...

ATM booth of SIBL at Uttara

Quazi Osman Ali, Managing Director and CEO of Social Islami Bank Limited (SIBL), inaugurating an ATM booth of the Bank at Uttara, Dhaka on Monday.

Training workshop on 'Financial Statement Analysis' organised by Al-Arafah Islami Bank

A two-day long training workshop on 'Financial Statement Analysis' organised by Al-Arafah Islami Bank Training and Research Institute (AIBTRI) began on Monday. Farman R Chowdhury, Managing Director and CEO of the Bank, inaugurated the workshop as the chief guest. Md. Abdur Rahim Duary, Principal of AIBTRI, was present, among others.