STS Group’s MD to buy 1.35cr Dhaka Bank shares
Khondoker Monir Uddin, managing director of STS Group, declared to buy 1.35 crore shares of Dhaka Bank at the prevailing market price in the block market through the Dhaka Stock Exchange (DSE). According to the DSE source, he has already bought 1.30 crore shares of the bank at Tk13.20 each in the block market on Sunday. On 31 December last year, he held 2.87% of the bank’s total shares, which will increase to 4.29% – the highest among all directors of the bank – after the share transfer. Meanwhile, Dhaka Bank’s share price increased 0.76% to Tk13.10 on Sunday at the DSE compared to the previous trading session. On 26 April, its board had recommended a 12% cash dividend for 2021. The annual general meeting for the dividend approval will be held on 23 June. In 2021, its consolidated earnings per share (EPS) stood at Tk2.25, which was Tk2.09 a year ago. According to the bank’s audit report, its classified loan increased 15% year-on-year to Tk714.46 crore, which was 3.32% of its total disbursed loan.
EBL reappoints Ali Reza Iftekhar as MD & CEO
Eastern Bank Ltd. (EBL) has reappointed Ali Reza Iftekhar, Managing Director and CEO for a fifth term until his retirement on April 18, 2026. He has been in this position since 2007. He is a recipient of CEO of the Year 2012 award at Asian Leadership Award programme held in Dubai. He also led the Association of Bankers, Bangladesh (ABB), a forum of managing directors of scheduled banks, for two terms 2020-21 and 2014-2015.
Tanjil Chowdhury re-elected Chairman of Prime Bank
Tanjil Chowdhury has been unanimously re-elected as chairman of Prime Bank for a consecutive term of two-years (2022-24) in the 528th Board Meeting. He is the Managing Director of East Coast Group (ECG), a diversified conglomerate in Energy & Downstream Hydrocarbons. He completed his BA (Hons) in Accounting & Finance with distinction and went on to complete MSc in International Management (Finance) from King’s College London (KCL). Tanjil Chowdhury is an advisor to British International Investment (BII), formerly CDC Group Plc, UK’s development financial institution, and an impact investor with assets of £7.5 billion across the world in emerging economies.Mr Chowdhury served as President of Bangladesh Merchant Bankers Association (BMBA) for 2014 & 2015 and was the former President of Solar Module Manufacturers Association of Bangladesh (SMMAB).
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 348.58||↓ 1.05 %|
|FTSE100||$ 7,532.95||↓ 74.71||↓ 0.98 %|
|Nikkei 225||$ 27,953.28||↑ 191.71||↑ 0.69 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 119.79||↑ 0.92||↑ 0.77 %|
|Crude Oil (Brent)||$ 120.66||↑ 0.94||↑ 0.79 %|
|Gold Spot||$ 1,855.99||↑ 4.80||↑ 0.26 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 89.9000|
|GBP 1||BDT 112.3031|
|EUR 1||BDT 96.3908|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<