Stock Market

আগামী ৫ই আগস্ট (মঙ্গলবার) ঢাকা স্টক এক্সচেঞ্জ (ডিএসই) ও চট্টগ্রাম স্টক এক্সেচেঞ্জ (সিএসই) বন্ধ থাকবে। অন্তর্বর্তীকালীন সরকার দিনটিকে ‘জুলাই গণঅভ্যুত্থান দিবস’ হিসেবে সরকারি ছুটি ঘোষণা করায় দেশের উভয় শেয়ারবাজারের লেনদেন ও দাপ্তরিক কার্যক্রম বন্ধ রাখার সিদ্ধান্ত নেওয়া হয়েছে।

গত ২রা জুলাই অন্তর্বর্তী সরকার এক গেজেট বিজ্ঞপ্তির মাধ্যমে ঐতিহাসিক জুলাই গণঅভ্যুত্থানের স্মরণে প্রতি বছর ৫ আগস্টকে জাতীয় ছুটি হিসেবে ঘোষণা করে। এই ঘোষণার পরিপ্রেক্ষিতেই ডিএসই ও সিএসই এই ছুটির সিদ্ধান্ত নিয়েছে। স্টক এক্সচেঞ্জ দুটি জানিয়েছে, ৬ই আগস্ট বুধবার থেকে শেয়ারবাজারের সকল ট্রেডিং কার্যক্রম এবং অন্যান্য দাপ্তরিক কাজ যথারীতি শুরু হবে।

পুঁজিবাজারে তালিকাভুক্ত রবি আজিয়াটা পিএলসির পরিচালনা পর্ষদ দ্বিতীয় প্রান্তিকের (এপ্রিল’২৫-জুন’২৫) অনিরীক্ষিত আর্থিক প্রতিবেদন প্রকাশ করেছে।

কোম্পানি সূত্রে এ তথ্য জানা গেছে।

জানা গেছে, দ্বিতীয় প্রান্তিকে (এপ্রিল’২৫-জুন’২৫) কোম্পানিটির শেয়ার প্রতি আয় (ইপিএস) হয়েছে ৪৯ পয়সা। গত অর্থবছরের একই সময়ে শেয়ার প্রতি আয় (ইপিএস) ছিল ২১ পয়সা।

৬ মাসের কোম্পানিটির শেয়ার প্রতি আয় (ইপিএস) হয়েছে ৭৩ পয়সা। গত অর্থবছরের একই সময়ে শেয়ার প্রতি আয় (ইপিএস) ছিল ৪১ পয়সা।

Robi

Several well-performing banks, led by BRAC Bank and City Bank, saw strong deposit growth in the year ending May 2025 as depositors shifted funds away from weaker institutions amid fear of collapse and loss of trust in bank governance.

Bankers said the shift reflects public frustration with troubled banks that continue to restrict withdrawals despite receiving substantial liquidity support from the central bank.

Despite Bangladesh Bank injected over Tk 35,000 crore into nine of the most distressed banks, several of them continued negotiating partial withdrawals due to overwhelming demand, further fueling public anxiety.

The situation worsened as the central bank began enforcing disciplinary measures, including the restructuring of bank boards, the initiation of special audits and merger process — steps that, while intended to restore order, triggered further unease among depositors who feared deeper instability.

Amid this crisis of confidence, depositors flocked to stronger, better-governed banks that are widely perceived as safer and more liquid, according to a Bangladesh Bank data.

BRAC Bank led the pack with a 35 per cent year-on-year deposit growth in May, with total deposits rising to Tk 78,460 crore.

It was at Tk 70,425 crore in December 2024.

City Bank followed with a 28 per cent rise, including its Islamic banking wing, reaching Tk 56,404 crore in deposits in May. It was at Tk 51,751 crore in December.

Jamuna Bank secured the third position, posting a 27 per cent growth to reach Tk 33,230 crore in May. Eastern Bank saw a 21 per cent rise to Tk 48,355 crore over the same period.

Pubali Bank, Dutch-Bangla Bank, and Trust Bank each registered 20 per cent deposit growth, with respective balances at Tk 80,084 crore, Tk 59,448 crore, and Tk 47,601 crore in May respectively.

Other banks showing robust growth include Mutual Trust Bank with 17 per cent, NCC Bank with 14 per cent, Bank Asia with 12 per cent, and Prime Bank with 11 per cent.

These banks are regarded as more resilient due to stronger compliance frameworks and healthier asset profiles.

Even Islami Bank Bangladesh, which has faced serious allegations of loan scams and mismanagement under the control of S Alam Group, managed to post a 7.48 per cent growth in deposits.

The bank began regaining depositor confidence after a major board overhaul in 2024. Its deposit base grew from Tk 1,58,435 crore in December to Tk 1,66,217 crore in May.

Banks associated with the S Alam Group experienced sharp declines.

Social Islami Bank posted a 17.38 per cent negative growth in deposits. First Security Islami Bank saw a 7.73 per cent fall, Bangladesh Commerce Bank 9 per cent, Global Islami Bank 7.15 per cent, National Bank 13.21 per cent, and Union Bank 2 per cent.

Exim Bank, which was under the control of NASSA Group saw 14 per cent fall in May.

The damage to these banks’ deposit bases was somewhat limited only because they restricted withdrawals, failing to meet depositor demands. Without such restrictions, bankers noted, the losses would have been much more severe.

According to central bank data, total deposits in the banking sector, excluding government and interbank accounts, stood at Tk 18,32,065 crore in May 2025, up from Tk 17,00,608 crore a year earlier—representing a 7.73 percent year-on-year increase.

However, bankers said the growth is sharply uneven. While strong banks continue to attract growing volumes of deposits, weaker banks remain under intense liquidity stress.

https://www.newagebd.net/post/banking/271361/strong-banks-see-massive-deposit-growth#:~:text=BRAC%20Bank%20led%20the%20pack,crore%20in%20deposits%20in%20May

শেয়ারবাজারে তালিকাভুক্ত রেনেটার প্রেফারেন্স শেয়ার ইস্যুর প্রস্তাব অনুমোদন দিয়েছে বাংলাদেশ সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (বিএসইসি। সোমবার (২৮ জুলাই) ঢাকা স্টক এক্সচেঞ্জ (ডিএসই) সূত্রে এ তথ্য জানা গেছে।

কোম্পানিটি নন-কিউমুলেটিভ, নন-পার্টিসিপেটিভ ও পুরো রুপান্তরযোগ্য প্রেফারেন্স শেয়ার ইস্যু করবে। যা ইস্যুতে শেয়ারহোল্ডারদের অনুমোদন নিতে হবে।

https://sharenews24.com/article/106438/index.html

Renata

• তহবিলের প্রাথমিক আকার ২৫ কোটি টাকা
• তহবিলটি পরিচালনার দায়িত্বে থাকবে সন্ধানী এসেট ম্যানেজমেন্ট

সন্ধানী লাইফ ফাইন্যান্স লিমিটেড তার প্রথম ২৫ কোটি টাকার শরিয়াহ মিউচুয়াল ফান্ডের ট্রাস্ট ডিড বাংলাদেশ জেনারেল ইনসিওরেন্স কোম্পানী পিএলসি.-এর সাথে স্বাক্ষর করেছে।

রোববার (২৭ জুলাই) বাংলাদেশ জেনারেল ইনসিওরেন্স কোম্পানী পিএলসি. (বিজিআইসি)-এর কার্যালয়ে এ চুক্তি স্বাক্ষরিত হয়। এর আগে, গত ১৩ জুলাই বাংলাদেশ সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (বিএসইসি) ট্রাস্ট ডিড অনুমোদন করে।

দেশের স্বনামধন্য মার্চেন্ট ব্যাংক সন্ধানী লাইফ ফাইন্যান্স লিমিটেড (এসএলএফএল) এই তহবিলের পৃষ্ঠপোষক এবং বিজিআইসি, একটি তালিকাভুক্ত সাধারণ বীমা কোম্পানি, এই তহবিলের ট্রাস্টি হিসেবে ট্রাস্ট ডিডে স্বাক্ষর করে। এসএলএফএল-এর ব্যবস্থাপনা পরিচালক ও সিইও মোঃ নজরুল ইসলাম, এফসিএমএ, এসিএমএ, সিজিএমএ (যুক্তরাজ্য) এবং বিজিআইসি-এর ব্যবস্থাপনা পরিচালক ও সিইও আহমেদ সাইফুদ্দিন চৌধুরী নিজ নিজ প্রতিষ্ঠানের পক্ষে চুক্তিতে স্বাক্ষর করেন।

এই তহবিলের প্রাথমিক আকার নির্ধারণ করা হয়েছে ২৫ কোটি টাকা। তহবিলটি পরিচালনার দায়িত্বে থাকবে সন্ধানী এসেট ম্যানেজমেন্ট লিমিটেড (সন্ধানী এএমএল)। এটি সন্ধানী এএমএল-এর দ্বিতীয় ওপেন-এন্ডেড মিউচুয়াল ফান্ড এবং প্রথম শরিয়াহভিত্তিক ফান্ড। শরিয়াহ ভিত্তিক বিনিয়োগকারীদের জন্য ঝুঁকি-সমন্বিত আকর্ষণীয় মুনাফা প্রদানের লক্ষে ফান্ডটি গঠন করা হয়েছে। এসেট ম্যানেজমেন্ট কোম্পানিটি পেশাদারভাবে ফান্ড পরিচালনার নিশ্চয়তা দেওয়ার পাশাপাশি প্রচলিত ও ডিজিটাল উভয় মাধ্যমে বিনিয়োগকারীদের জন্য সহজলভ্য করার লক্ষ্য নিয়ে কাজ করছে।

BGIC Sandhanins
https://sunbd24.com/371294

The Dhaka Stock Exchange (DSE), the country’s premier bourse, is working to bring Ashuganj Power Station Company — one of the nation’s largest state-owned power producers — to the stock market, in line with the government’s push for listing profitable state-owned enterprises (SOEs).

The DSE wrote to the government and relevant authorities, including the Power Division, urging them to take necessary initiatives for the listing.

On Thursday, the DSE, including its chairman, met with high officials of Ashuganj Power Station, which raised Tk100 crore through bond issuance in 2019 to finance its new power plant with 400MW combined cycle (East) power plant.

According to DSE officials, this is the first step toward bringing SOEs to the capital market following the directive from Chief Adviser Professor Muhammad Yunus, issued during a meeting with top capital market officials in May this year.

The interim government has decided to bring profitable SOEs and multinational companies (MNCs) with government stakes to the stock market.

Raising capital through an initial public offering (IPO) is usually a time-consuming process, often taking one to two years from filing to trading, as seen in peer countries. 

However, the DSE aims to bring Ashuganj Power Station to the market in a shorter timeframe, as much of its financial documentation was already prepared during its earlier bond issuance.

DSE Chairman Mominul Islam told TBS, “Ashuganj Power Station previously raised funds by issuing bonds in the capital market. In a meeting, the company expressed its interest in getting listed. The listing proposal will hopefully be placed at its upcoming board meeting.”

He said that the power producer has a strong financial base and generates a substantial amount of profit every year, producing electricity. The DSE is ready to extend full cooperation and technical support throughout the listing process to ensure a smooth and efficient transition.

Ashuganj Power Station is engaged in the generation, supply, and sale of electricity through the national grid to the Bangladesh Power Development Board (BPDB).

An official at Ashuganj Power Station, seeking anonymity, told TBS, “We are a government-owned firm. If the government wants us to be listed on the stock market, we are bound to follow that directive in support of both national interest and capital market development.”

“The company has plans to expand its generation capacity, which will require a substantial amount of funds in the near future. Previously, most of the funding came from foreign lenders. If we can raise funds from the capital market, it will be very helpful,” he added.

Ashuganj Power Station Company’s paid-up capital stands at Tk1,372.60 crore, divided into 137.26 crore shares. The Bangladesh Power Development Board (BPDB) holds 124.92 crore shares (91.01%), while the Power Division owns 12.31 crore shares (8.98%).

Commissioned in 1966 as the country’s largest power plant at the time, Ashuganj Power Station (APS) began operations with two units totalling 128 MW, which became operational by July 1970. Following independence, the plant played a key role in national reconstruction and development.

Three additional units of 150 MW each were added in 1986 and 1987. A combined cycle plant, with two 56MW gas turbines and one 34MW steam turbine, was installed in phases between 1982 and 1986.

With continued expansion, APS now has a total installed capacity of 1,690 MW. In FY 2023–24, it supplied 7,571.08 million kWh of electricity to the national grid—up 9.39% from the previous year.

Profit doubles to Tk489cr in FY24

According to its annual report, Ashuganj Power Station hit a record profit with Tk489 crore with basic earnings per share (EPS) of Tk3.57 in the 2023-24 fiscal year, which is almost double compared to the 2022-23 fiscal year. While its revenue from selling electricity grew 33.33% to Tk4,473 crore.

In FY23, its revenue was Tk3,380 crore and net profit Tk244.58 crore with basic EPS of Tk1.78. The profit growth trajectory has continued in the first half of the 2024-25 fiscal year, ending on 30 December.

In the first half of FY25, it reported a growth of 20% in net profit to Tk321.74 crore with an EPS of Tk2.34, up from Tk268.65 crore and EPS of Tk1.96 in the same time of the previous fiscal year. 

During the July to December period of FY25, its revenue slightly increased to Tk2265.96cr, which was Tk2226cr at the same time of the previous fiscal year. 

Its quarterly reports showed that its total assets, as at 30 December 2024, were Tk17,253 crore, while its total liabilities were Tk13,529.65 crore. 

Of the total liabilities, its non-current liabilities are Tk7,462.79 crore, mostly foreign loans of Tk4,491 crore, while total current liabilities of Tk6,066.85 crore are mostly trade payable to Tk4,023 crore. 

It has loans of Tk4491 crore from ADB and IDB for its 450MW north and 400MW east power plant. 

As of 30 December, its retained earnings stood at Tk2,185.05 crore. 

50% of Tk100cr bond already repaid

Ashuganj Power Station Company raised Tk100 crore through a public bond offering around six years ago to finance its 400MW (East) power plant, with a tenure of seven years.

According to Company Secretary Mohammad Abul Mansur, the power producer has already repaid Tk50 crore of the bond principal to its investors. The remaining amount will be repaid by January 2027.

He also noted that a major portion of the Tk500 crore raised through private placement has already been repaid, with the remaining due by January 2026.

As per the company’s information memorandum, the total projected cost of the power plant is Tk2,310.13 crore. Of this, Tk1,737 crore came from loans provided by the Asian Development Bank (ADB) and Islamic Development Bank (IDB), while the remainder was financed through government loans and bond issuance.

https://www.tbsnews.net/economy/stocks/dse-moves-list-state-owned-ashuganj-power-station-capital-market-1197531

Fareast Islami Life Insurance Company – once a top premium earner among the country’s life insurers – is going to sell three pieces of land located at Gulshan, Kakrail and Feni to pay claims by policyholders, which have been due for several years.

According to the Insurance Development and Regulatory Authority (IDRA), it has approved Fareast Islami Life’s plan to sell the properties to settle outstanding client claims. The move aligns with IDRA’s firm stance on restoring public trust in the insurance sector.

Earlier, IDRA Chairman M Aslam Alam emphasised that insurance companies must settle claims on time — even if it requires selling their assets.

According to IDRA data, Fareast Islami Life had total outstanding claims of Tk2,976 crore as of the end of March this year. Of that amount, the company had paid only Tk58.35 crore, leaving 98% of claims unsettled.

The company published a notice to sell the lands recently, but did not disclose it to the stock exchanges which is non-compliance as per the listing regulation.

Shahidul Islam, acting CEO, and Sheikh Khaled Zahir, company secretary of Fareast Life, could not be reached for comments as they did not pick the phone despite repeated attempts.

According to the company’s notice, the life insurer will sell a 33 decimal land with a one-storied building at Gulshan-2, 32 decimal land with a four-storied building at Kakrail and 15 decimal land with a two-storied building at Feni. The company requested the interested buyers to submit their proposals by 7 August. However, the company did not mention the value of the land.

Amid the company’s deteriorating financial condition, the Bangladesh Securities and Exchange Commission (BSEC) appointed Shiraz Khan Basak & Company, a chartered accounting firm, in April 2021 to conduct a special audit of Fareast Islami Life Insurance.

The audit was commissioned following allegations that the insurer had failed to settle customer claims and make payments on matured policies.

The audit report revealed that approximately Tk2,367 crore had been embezzled by top executives. In addition, accounting irregularities amounting to Tk432 crore were uncovered.

Former chairmen Nazrul Islam and MA Khaleque, former CEO Hemayet Ullah, along with several former directors and senior officials, were implicated in the misappropriation.

Funds were primarily siphoned off through two methods: purchasing land at inflated prices and obtaining bank loans by mortgaging the company’s Mudaraba Term Deposit Receipts.

In response, the BSEC dissolved the company’s board and dismissed CEO Hemayet Ullah in September 2021.

Later in 2022, under the leadership of Shibli Rubayat-Ul-Islam, the BSEC permitted individuals linked to the Beximco Group to join Fareast Islami Life’s board. Prior to their appointment, Beximco-affiliated firms had acquired shares in the company.

Following the change in government, both the Beximco-linked board members and the BSEC-appointed independent directors resigned.

After their departure, former sponsors – who had been forced out of the company between 2009 and 2011 – returned to Fareast Islami Life and resumed control of the board.

The company, which was incorporated in Bangladesh in 2000, got listed on the country’s stock market in 2005.

https://www.tbsnews.net/economy/stocks/fareast-life-selling-gulshan-kakrail-lands-clear-mounting-claims-1196336