Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative
Indexes of the stock market in Bangladesh declined yesterday on rising the day before, largely due to the poor performance of Islami Bank Bangladesh along with the large-cap and blue-chip shares amid sales pressures..Large-cap refers to shares which account for large amounts in market capi
Stock markets in Bangladesh maintained a downward trend for a third consecutive day yesterday, with the values of a majority of shares marking a significant drop..The shares of companies like Islami Bank Bangladesh, BRAC Bank, Square Pharmaceuticals, British American Tobacco Bangladesh, Re
Restoring trust in the banking sector is crucially important
How could two state institutions participate in this process?
Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.
The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh
After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.
All shares of S Alam Group will be taken over
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
The situation worsened when officials and Deputy Managing Director Miftah Uddin tried to enter the headquarters of the bank
Islami Bank Bangladesh today rejected a cheque of a little-known company seeking to withdraw Tk 548 crore
They said they were deprived of official benefits and promotions over the last 15 years
Although the incident was discovered in the afternoon of May 29, neither the bank officials nor the client has lodged a complaint so far
The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
Tk 524 crore worth of shares of the bank change hands at Ctg bourse today
Lenovo, a multinational technology company, has partnered with Islami Bank, a local commercial bank, to provide 1,500 units of ThinkCentre Neo 50T laptops. The collaboration is a part of the two company's steps towards technological development, with Lenovo providing the bank with continuous technical support whenever required.
Armada Spinning Mills Ltd, Kingsway Endeavors Ltd and Uniglobe Business Resources Ltd sold their 9.07% stakes in the bank
