AB Bank PLC. announcements
442 Dhaka Stock Exchange announcements for AB Bank PLC. (ABBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (14).
- Q3 Financials
Consolidated EPS was Tk. 0.17 for July - September, 2015 as against Tk. 1.40 for July - September, 2014; Consolidated EPS was Tk. 1.58 for January - September, 2015 as against Tk. 2.75 for January - September, 2014. Consolidated NOCFPS was Tk. 8.66 for January - September, 2015 as against Tk. 5.27 for January - September, 2014. Consolidated NAV per share was Tk. 35.52 as of September 30, 2015 and Tk. 31.55 as of September 30, 2014.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 26, 2015 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- NOC from Bangladesh Bank and revision of some features
With reference to their earlier news (disseminated by DSE on 25.08.15), the Company has further informed that Bangladesh Bank has issued a NOC in favor of raising Tier - II capital by AB Bank Limited, amounting to Tk. 400.00 crore only through issuance of 7 years Non - Convertible, Unsecured, Fully - redeemable, Coupon (range 11.50% - 13.50% or as fixed by the regulators) bearing AB Bank Subordinated Bond - II through Private Placement. However Bangladesh Bank has revised and approved the following features of the Non - contrivable Subordinated Bond: Reference Rate: Average 6 months FDR rate of Private Commercial Banks (PCBs) instead of previously proposed 5 year BGTB cut - off yield; Coupon Margin: 2.50% instead of previously proposed 3.00%, Launching Rate: 10.50% instead of previously proposed "None" Coupon Range: 10.50% - 13.50% instead of previously proposed 11.50% - 13.50%.
- Subordinated Bond
he Company has informed that Bangladesh Securities and Exchange Commission has given consent under the provisions of the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012, for raising Tier-II capital by AB Bank Limited, amounting to Tk. 400.00 crore only through issuance of 7 years Non-Convertible, Unsecured, Coupon (range 11.50%-13.50% or as fixed by the regulators) bearing AB Bank Subordinated Bond-II through Private Placement. The consent has been accorded subject to the condition that the company shall comply with the relevant laws and Regulatory requirements and also shall adhere to the conditions imposed under Section-2CC of the Securities and Exchange Ordinance, 1969.
- Q2 Financials
Consolidated EPS for Jan-June, 2015 was Tk. 1.41 as against Tk. 1.35 for Jan-June, 2014, consolidated EPS for April-June, 2015 was Tk. 0.44 as against Tk. 0.66 for April-June, 2014. Consolidated NOCFPS was Tk. 4.15 for Jan-June, 2015 as against Tk. 8.75 for Jan-June, 2014. Consolidated NAV per share was Tk. 34.56 as of June 30, 2015 and Tk. 30.05 as of June 30, 2014.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders BO Accounts on May 25, 2015.<br>
- Credit Rating result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of the Company as AA3 in the long term and ST-2 in the short term with a stable outlook based on audited financial statements of the Company up to 31 December 2014 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q1
Consolidated Net Profit after taxes (excluding non-controlling interests) from Jan15 to Mar15 was Tk. 576.60 million with EPS of Tk. 1.08 as against Tk. 414.47 million and Tk. 0.78 respectively for the same period of the previous year. However, considering proposed bonus share 12.50% for the year 2014, restated basic EPS will be Tk. 0.97 as on 31.03.15 and Tk. 0.69 as on 31.03.14.<br>
- Resumption News after Record date
Normal trading of the shares of the Company will resume on 26.04.2015 after record date for AGM and EGM.
- Suspension News for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 23.04.2015 for AGM and EGM.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 21.04.2015 to 22.04.2015. Trading of the shares of the Company will remain suspended on record date i.e., 23.04.2015 for AGM and EGM.
- Dividend Declaration
The Board of Directors has recommended 12.50% stock dividend for the year ended on December 31, 2014. The Board has also decided to issue AB Bank Subordinated Bond-II of Tk. 400.00 crore for Tier-II Capital subject to approval of the concerned Regulatory Authorities and EGM of the Company. Date of EGM and AGM: 17.05.2015, Time of EGM and AGM: 9:00 AM and 9:15 AM respectively,Venue: Bashundhara Convention Centre-02, Block-C, Umme Kulsum Road, Bashundhara R/A, Baridhara, Dhaka. Record date for EGM and AGM: 23.04.2015. The Company has also reported Consolidated EPS of Tk. 2.81, Consolidated NAV per share of Tk. 35.23 and Consolidated NOCFPS of Tk. 9.11 for the year ended on December 31, 2014.
- no price limit
There will be no price limit on the trading of the shares of the Company today (13.04.2015) following its corporate declaration.
- Board Meeting schedule under LR 30
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 12, 2015 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.