Brokerage Customer Account Deficit Shrinks to Tk48 Crore

Lankan Alliance Finance Ltd has officially changed its name to Alliance Finance PLC, following the directive from the central bank. The move comes in response to the recent directive by the Bangladesh Bank, instructing non-bank financial institutions (NBFIs) to adopt the suffix "PLC" (Public Limited Company) instead of "Limited" in their company names.

The IDCOL has financed Bangladesh's first large-scale grid-connected floating solar PV project, with a capacity of 784 kWp. The project utilizes artificial water bodies previously used for fish farming and aims to address land scarcity challenges while diversifying the energy mix and promoting decarbonization.

Standard Chartered, the largest foreign bank in Bangladesh, has announced the closure of its Kawran Bazar branch in Dhaka city effective from 2 July 2023. The decision is part of the bank's business strategy to promote cashless transactions.

During the 24th Annual General Meeting (AGM) of BRAC Bank Limited, shareholders approved a 15% dividend for the year 2022, comprising 7.50% in cash and 7.50% in stock. The virtual AGM, chaired by Chairperson witnessed the participation of numerous shareholders and the presence of directors and key executives.

Dhaka Stock Exchange (DSE) witnesses increased turnover after a seven-month hiatus, reaching nearly Tk 1,200 crore. However, the benchmark index, DSEX, declined by 0.09%, settling at 6,339. The blue-chip index, DS30, also dropped by 0.21%, while the shariah-compliant index, DSES, saw a slight increase of 0.09%.

Mobile Financial Service (MFS) provider bKash has been denied permission by the Bangladesh Bank to pay $410,000 to become a regional brand partner of the Argentina Football Association (AFA) 2023.