The Bangladesh Securities and Exchange Price (BSEC) has currently rejected Dhaka Bank’s Tk400 crore bond proposal, as acknowledged in the bank’s label-sensitive disclosure.
The BSEC in a letter to Dhaka Bank states that the fee is rarely any longer ready to approve its bond issuance software program. The bank obtained the letter on Wednesday (2 October).
Nonetheless, the bank said its board has directed administration to allure to the fee for a overview of the subject.
Dhaka Bank’s fragment label fell by 0.84% to discontinuance at Tk11.80 on the Dhaka Inventory Exchange on the day.
Earlier, it had paid a 10% cash dividend to its shareholders for the year 2023. Throughout the final year, its consolidated gather income diminished just a minute to Tk167 crore, compared to the outdated year. The earnings per fragment used to be Tk1.66 final year.
In the predominant half of this year, its consolidated earnings per fragment rose by 15% to Tk1.51 compared to the outdated year at the identical length.
The bank said in a discloser that earnings per fragment increased as a consequence of an lengthen in working earnings compared to the outdated length.
At the tip of June this year, its consolidated gather asset cost per fragment stood at Tk22.57, up from Tk22.05 a year in the past at the identical time.
Meanwhile, its consolidated gather working cash circulation per fragment used to be negative Tk4.05 in the predominant half of this year, which used to be Tk29.04 determined in the outdated year at the identical time, indicating an operational cash circulation crisis.
The bank said its gather working cash circulation per fragment diminished as a consequence of an lengthen in the disbursement of loans and advances, hold of trading securities and gash again in deposits as compared to the outdated length.
Dhaka Bank used to be listed on the stock exchange in 2000. Sponsors and directors protect a 44% stake in the bank, while institutional investors hold 15.26% and frequent investors safe 40.74%.
