Bizdata Insights Main Logo

BizData Insights

BSEC Approves Stock Dividends for 3 Banks

Industry: Bank, Financial, Stock Market
Company: AB Bank Limited, Global Islami Bank Limited (GIBL), NRB Commercial Bank Ltd

The Bangladesh Securities and Exchange Commission (BSEC) has granted approval for stock dividends declared by Global Islami Bank, NRB Commercial Bank, and AB Bank. Global Islami Bank stated that the BSEC has approved their declaration of a 5% stock dividend for the year ending December 31, 2022. This follows their earlier announcement on April 30 regarding the dividend declaration. The record date for entitlement to the stock dividend remains unchanged and is set for May 30, 2023.

Similarly, NRB Commercial Bank has received consent from the BSEC for their declaration of a 4.5% stock dividend for the year ending December 31, 2022. The bank confirmed that the previously announced record date for entitlement to the stock dividend on May 25, 2023, will remain unchanged. AB Bank has also obtained approval from the BSEC for their declaration of a 2% stock dividend for the year ending December 31, 2022.

Source for more details:

Related News

Cash Transaction Increased by 8% in FY’22-23

February 24, 2024

The Bangladesh Financial Intelligence Unit (BFIU) reports a significant rise in cash transactions, reaching Tk 22,86,208 crore in FY 2022-23, marking an 8% increase from the previous year's Tk 21,90,107 crore. Despite ongoing efforts to promote digital payments, cash remains popular, representing 80% of transactions, with entity accounts being the primary conduit.

Eastern Bank and Daytona Forge Partnership for Remittance Services

February 22, 2024

Eastern Bank and Daytona Capital Management Ltd have formed a remittance service partnership, enabling money transfers through Hello Paisa, a renowned remittance brand of Daytona based in the UK. The agreement was signed at Eastern Bank's Gulshan head office. This collaboration aims to improve the efficiency and accessibility of remittance services for global Bangladeshi expatriates.

Crystal Insurance’s Profit Jumped by 12%

February 22, 2024

In 2023, Crystal Insurance Company Ltd reported a 12% increase in profit, reaching Tk 12.2 crore from Tk 10.88 crore the previous year. This led to a rise in earnings per share from Tk 2.72 to Tk 3.05, as per Dhaka Stock Exchange filings. However, the net operating cash flow per share experienced a significant decline of 71.38%, dropping from Tk 6.08 in 2022 to Tk 1.74 in 2023.

Standard Chartered Partnered with Berger Paints

February 22, 2024

Standard Chartered Bangladesh has partnered with Berger Paints Bangladesh Limited to automate local payments using the Host-to-Host solution (H2H). This agreement allows Berger Paints to process domestic payments directly from their ERP system, eliminating manual intervention. Standard Chartered, pioneering H2H integration in Bangladesh, supports the country's largest paint manufacturer on its cashless journey.

BSEC Appoints Directors to Meghna Pet Industries

February 22, 2024

The Bangladesh Securities and Exchange Commission (BSEC) appointed four independent directors to Meghna Pet Industries Limited, which has been closed for years, to safeguard investor interests. The appointments comply with a directive requiring sponsor-directors to jointly hold 30% shareholding.

BRAC Bank launches Tk700 Crore Bond

February 22, 2024

BRAC Bank has introduced a Tk700 crore subordinated bond to bolster its Tier II Capital base, now open for subscription to investors. The move aims to support the bank's capital adequacy needs following substantial balance sheet growth. Investors, both individuals and institutions, can participate with a minimum investment of Tk10 lakh. The bank highlights the safety and security of this investment, being issued by one of the country's strongest banks with top credit ratings.

Related News

Cash Transaction Increased by 8% in FY’22-23

February 24, 2024

The Bangladesh Financial Intelligence Unit (BFIU) reports a significant rise in cash transactions, reaching Tk 22,86,208 crore in FY 2022-23, marking an 8% increase from the previous year's Tk 21,90,107 crore. Despite ongoing efforts to promote digital payments, cash remains popular, representing 80% of transactions, with entity accounts being the primary conduit.

Eastern Bank and Daytona Forge Partnership for Remittance Services

February 22, 2024

Eastern Bank and Daytona Capital Management Ltd have formed a remittance service partnership, enabling money transfers through Hello Paisa, a renowned remittance brand of Daytona based in the UK. The agreement was signed at Eastern Bank's Gulshan head office. This collaboration aims to improve the efficiency and accessibility of remittance services for global Bangladeshi expatriates.

Crystal Insurance’s Profit Jumped by 12%

February 22, 2024

In 2023, Crystal Insurance Company Ltd reported a 12% increase in profit, reaching Tk 12.2 crore from Tk 10.88 crore the previous year. This led to a rise in earnings per share from Tk 2.72 to Tk 3.05, as per Dhaka Stock Exchange filings. However, the net operating cash flow per share experienced a significant decline of 71.38%, dropping from Tk 6.08 in 2022 to Tk 1.74 in 2023.

Standard Chartered Partnered with Berger Paints

February 22, 2024

Standard Chartered Bangladesh has partnered with Berger Paints Bangladesh Limited to automate local payments using the Host-to-Host solution (H2H). This agreement allows Berger Paints to process domestic payments directly from their ERP system, eliminating manual intervention. Standard Chartered, pioneering H2H integration in Bangladesh, supports the country's largest paint manufacturer on its cashless journey.

BSEC Appoints Directors to Meghna Pet Industries

February 22, 2024

The Bangladesh Securities and Exchange Commission (BSEC) appointed four independent directors to Meghna Pet Industries Limited, which has been closed for years, to safeguard investor interests. The appointments comply with a directive requiring sponsor-directors to jointly hold 30% shareholding.

BRAC Bank launches Tk700 Crore Bond

February 22, 2024

BRAC Bank has introduced a Tk700 crore subordinated bond to bolster its Tier II Capital base, now open for subscription to investors. The move aims to support the bank's capital adequacy needs following substantial balance sheet growth. Investors, both individuals and institutions, can participate with a minimum investment of Tk10 lakh. The bank highlights the safety and security of this investment, being issued by one of the country's strongest banks with top credit ratings.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here