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Grameen Bank to Invest 200crore in Stock Market

Industry: Bank, Financial, Stock Market
Company: Grameen Bank
Company Intelligence Tag: Business Insights

Grameen Bank has announced its plan to invest Tk 200 crore in the stock market through a mutual fund called Capitec Grameen Bank Growth Fund. The fund will be managed by Capitec Asset Management Company and will invest in various securities of the capital market and money market. This will be Capitec’s fourth mutual fund. The aim of the fund is to provide lucrative dividends to shareholders by generating capital gains and cash dividends from listed companies.

Grameen Bank, trustee Investment Corporation of Bangladesh (ICB), and Capitec Asset Management Company signed two separate agreements in this regard. The signing ceremony was attended by several officials including Capitec’s Chairman and Managing Director, as well as Grameen Bank’s Chairman and ICB’s managing directors. This investment move by Grameen Bank is likely to impact the stock market and attract the attention of potential investors.

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