Padma Bank opens new sub-branch

The country's bourses, particularly the Dhaka Stock Exchange (DSE), experienced a further decline on Wednesday, primarily due to price falls in large-cap securities. However, the turnover, a crucial market indicator, increased to Tk 6.03 billion, slightly higher than the previous session's Tk 5.97 billion. The DSEX, the prime index of the DSE, dropped by 54.64 points or 0.97% to 5578.97. The DSE Shariah

Grameenphone, the largest telecom operator in Bangladesh, reported a remarkable 72% jump in its net profit for the January-March quarter of 2024, reaching Tk1,338 crore, compared to the same period last year. The company disclosed its first quarter financial results during a meeting held today. The surge in profit can be attributed to a significant 78% drop in Grameenphone's income tax expenses during the

The cash dividend payout of ten multinational companies (MNCs) in Bangladesh dropped by 31% in 2023 compared to the previous year, as they faced difficulties in foreign currency transactions for remitting money to foreign shareholders. Out of 13 listed MNCs, only 9 declared cash dividends for 2023, while one paid an interim dividend. These 10 firms declared a total of Tk3,552 crore dividend, accounting for 56%

Islami Bank Bangladesh, the Shariah-based bank, has declared a 10% cash dividend to its shareholders for the year 2023. The board of directors recommended this cash dividend at a meeting held on 24 April. To officially approve and disburse the dividend, the bank will convene its annual general meeting on 25 June. The record date for determining the eligible shareholders to receive the cash dividend has

The liquidity crisis in Bangladesh's banking sector persists as commercial banks continue to borrow from the central bank. In the latest auction held, 32 banks and 4 non-banking financial institutions borrowed a total of Tk 13,200 crore through repo and liquidity support facilities. The auction saw 105 bids totaling Tk 7,563 crore under the 7-day repo facility and 57 bids totaling Tk 5,457 crore under the 1-day assured liquidity support facility.