Stocks plunge despite thin selling pressure

Stocks plunged on Wednesday dragging the prime index by 96 points to 5,351, lowest in three weeks, but investor participation was remarkably thin leading to a one-and-a-half-year-low turnover on the Dhaka bourse. Transactions on the Dhaka Stock Exchange (DSE) were worth Tk 1.59 billion, down 57 per cent from the...

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NRB Bank comes out of the red in H1

NRB Bank, a fourth generation private commercial bank, gained a profit of Tk 850 million in April-June (Q2) this year as opposed to a loss of Tk 28.5 million in the same quarter of the previous year.The company's foreign exchange gain and operational efficiency played a role behind the turnaround...

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BRAC bank's corporate banking division rebranded as corporate and institutional banking

BRAC Bank's corporate banking division has officially been rebranded as corporate and institutional banking, which reflects a significant shift in its strategic direction, according to a press release. The announcement was made during the division's half-yearly review meeting at BRAC Bank's head office on July 16. Chairperson Meheriar M. Hasan...

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