ICB to Receive at Least Tk3,000 Crore to Boost Capital Market

Industry: Investment Banking, Stock Market
Company: Investment Corporation of Bangladesh
Company Intelligence Tag: Business Insights

To counteract market volatility and bolster the capital market, the Investment Corporation of Bangladesh (ICB) is poised to receive a substantial fund injection ranging from Tk3,000 crore to Tk5,000 crore from the government. This move aims to revitalize the ICB’s capital market activities and alleviate some of its financial strain, including repayment of higher-cost term deposits. The fund, backed by a sovereign guarantee from the finance ministry, will be provided by the Bangladesh Bank. Officials from the Bangladesh Securities and Exchange Commission (BSEC), the finance ministry, and the ICB confirm this initiative, highlighting the government’s proactive stance in supporting capital market endeavors. The decision reflects the administration’s commitment to bolstering the ICB, a key player in the stock market, and underscores efforts to enhance market stability and investor confidence.

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