Beximco Limited Earns ‘Double B Plus’ Surveillance Rating

Mercantile Bank PLC, listed on the stock market, has declared a 10% cash dividend for investors for the fiscal year ending December 31, 2023. The bank's earnings per share (EPS) decreased by 12.26% to Tk 1.86, compared to Tk 2.12 in the previous fiscal year. As of December 31, 2023, the bank's net asset value per share (NAVPS) stood at Tk 23.91, up from Tk 23.71 in the previous year. Additionally, the bank's

ADN Telecom's decision to establish manufacturing facilities for telecommunication devices locally in Bangladesh reflects a strategic move towards reducing import dependency and promoting domestic production in the telecommunications sector. By availing land at the Bangabandhu Sheikh Mujib Hi-Tech Park in Sylhet, the company aims to leverage the benefits of a specialized industrial zone to develop facilities of international standards.

MJL Bangladesh Plc, Corporate Director of Prime Bank Plc, has disclosed plans to purchase 2,02,00,000 shares of Prime Bank from the block market of Dhaka Stock Exchange (DSE) within 30 working days at prevailing market prices, as per DSE sources. Prime Bank, with an authorized capital of Tk 2,500 crore and a paid-up capital of Tk 1,132,280,000, boasts a reserve of Tk 1,963,590,000. The bank's total shares amount

In a landmark achievement, Dutch-Bangla Bank reported a historic profit in 2023, crossing the Tk800 crore milestone for the first time. The bank disclosed a remarkable profit of Tk801 crore, showcasing a remarkable 42% surge from the preceding year. Notably, its earnings per share escalated to Tk10.72 compared to Tk7.57 in the prior year. Reflecting its robust performance, the bank proposed a generous 17.50%

Aamra Networks Ltd, a prominent IT solutions provider, witnessed a notable 39% year-on-year upswing in revenue from its IT support and software segment during the initial nine months of the ongoing fiscal year. Despite a modest 8% overall revenue growth, the company experienced a commendable 11.91% surge in net profit compared to the same period last fiscal year. While revenue from internet and Wi-Fi

The Central Bank's merger announcement of Basic Bank Limited with City Bank has sparked panic among its officers and customers. Pressure mounts as customers rush to withdraw deposits, citing the merger decision. Basic Bank's managing director expressed concern and discussed strategies to retain customer trust.