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

Stocks slump as major sectors tumble

Stocks tumbled on Sunday, extending the losing streak for the third straight sessions, amid growing tension over the second wave of coronavirus pandemic while some focused on the primary market.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 34.87 points or 0.71 per cent to settle...

Beximco Pharma tops DSE turnover chart for 17 days

Beximco Pharmaceuticals dominated the Dhaka Stock Exchange's turnover chart for the last 17 straight sessions on Sunday while top 10 most traded companies grabbed 23 per cent transaction.The drug maker's share price also doubled in four months as investors are showing their appetite on its shares after signing a deal...

New Country Head of Wholesale Banking, HSBC

Kevin Green has been appointed Country Head of Wholesale Banking, HSBC Bangladesh effective from 15 November 2020, said a statement. Kevin will focus on enhancing the client experience and further develop HSBC's franchise in a market which is increasingly vital to global trade and international supply chains.Kevin brings almost 25...

Social Islami Bank celebrates 25th anniversary

Social Islami Bank Limited celebrated its 25th anniversary at the head office of the bank by cutting a cake on Sunday. Professor Md. Anwarul Azim Arif, Chairman of the board of directors of the bank and former Vice Chancellor of University of Chittagong, was present in the programme as the...

Mercantile Bank holds workshop on compliance of internal audit

Mercantile Bank Limited organised a virtual workshop on 'Compliance of Internal Audit' on Saturday. Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank, inaugurated the workshop. In his address Md. Quamrul Islam Chowdhury advised the participants to strictly adhere with the audit guidelines and safe guard bank's interest....

Kalishuri Bazar Sub-branch of First Security Islami Bank

The Kalishuri Bazar Sub-branch of First Security Islami Bank Ltd was opened at Khan Manjil, Kalishuri Bazar, Bauphal in Patuakhali on Sunday. Syed Waseque Md Ali, Managing Director of First Security Islami Bank, inaugurated the sub-branch through a video conference while Md. Mustafa Khair, Additional Managing Director, and Md. Zahurul...

Success of BHBFC dedicated to late MD Debasish Chakrabarty

Bangladesh House Building Finance Corporation (BHBFC) ranked first among the Banks and Financial Institutions under the Financial Institutions Department of the Ministry of Finance in the best category in the evaluation of Annual Performance Agreement (APA) in FY 2019-20, said a statement. Late Managing Director Debasish Chakrabarty was instrumental in...

IBBL Khulna Zone organises webinar on Shari'ah compliance

Khulna Zone of Islami Bank Bangladesh Limited organised a webinar titled 'Compliance of Shari'ah in Banking Sector' on Saturday, said a statement. Major General (Rtd.) Engr. Abdul Matin, Chairman, Risk Management Committee of the bank, addressed the programme as the chief guest. Md. Mahbub ul Alam, Managing Director & CEO...

MetLife Bangladesh recognized with Superbrand status

MetLife was recognized with Superbrand status for 2020-2021 in life insurance sector of Bangladesh. The recognition has been awarded by Superbrands organization which identifies the most outstanding brands in their respective fields, said a statement. A prestigious global status, Superbrands recognizes only the most highly regarded brands from each category....

DSE/CSE News in Brief (23-11-2020)

Recommendation of dividendFAS Finance & Investment Limited: The board of directors recommended no dividend for the year ended on December 31, 2019. The AGM of the company will be held on December 28, 2020 at 11:00 AM on a digital platform. The record date is December 10, 2020. The company...

Saudi FDI ‘up in first half of 2020 as economy shows resilience’

RIYADH/DUBAI, Nov 22 (Reuters): Saudi Arabia’s Minister of Investment Khalid al-Falih said on Saturday foreign direct investment (FDI) increased by 12% in the first half of 2020 compared with the same period last year.The Saudi government, which is hosting this year’s G20 summit, has made attracting greater foreign investment a...

Italy picks Bank of America, Orrick to advise on MPS privatisation

ROME/LONDON/MILAN (Reuters): Italy’s Treasury has picked Bank of America and Orrick as financial and legal advisers to secure a merger deal for bailed-out bank Monte dei Paschi (MPS) as part of its privatisation plan, four sources close to the matter told Reuters.Rome aims to clinch a merger with a healthier...