BRAC Bank PLC. announcements
410 Dhaka Stock Exchange announcements for BRAC Bank PLC. (BRACBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2009 (20).
- The Bank has informed that the Board of Directors of the Bank in principle has taken the following decisions: 1. The Boa
The Bank has informed that the Board of Directors of the Bank in principle has taken the following decisions: 1. The Board has approved to seek regulatory approval for setting up BRAC Bank Exchange House in Malaysia, Singapore and Italy and 2. The Board has approved to seek regulatory approval for establishing an Asset Management Company (AMC). Asset Management Company (AMC) will have participation from four institutions. The proposed shareholders of the AMC are BRAC Bank Limited (will hold 25%), BRAC (will hold 26%), BRAC EPL Investments Limited (will hold 25%) and BRAC EPL Stock Brokerage Limited (will hold 24%).
- International Finance Corporation (IFC) and BRAC, both are Corporate Sponsors/Directors of the Bank, have further report
International Finance Corporation (IFC) and BRAC, both are Corporate Sponsors/Directors of the Bank, have further reported that they have completed their sale/buy of 7,55,280 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.
- International Finance Corporation (IFC) one of the Corporate Sponsors of the Bank has reported its intention to sell 7,5
International Finance Corporation (IFC) one of the Corporate Sponsors of the Bank has reported its intention to sell 7,55,280 shares (Bonus shares) out of its total holdings of 19,55,827 shares of the Bank while BRAC another corporate Sponsor/Director of the Bank has reported its intention to buy 7,55,280 shares (in the Block Market) in addition to its current holdings of 68,99,985 shares of the Bank at prevailing market price through Stock Exchange. It is to be mentioned here that SEC has given waiver to BRAC from compliance of the provisions of Substantial Acquisition Rules, 2002 to purchase 7,55,280 shares of the Bank from IFC.
- As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2009, the Bank has reported net profit
As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2009, the Bank has reported net profit after tax of Tk. 692.95 m. with basic EPS of Tk. 43.01 as against Tk. 661.74 m. and Tk. 41.10 respectively for the same period of the previous year. However, considering present paid-up capital, diluted EPS of the Bank would be Tk. 33.65 as on 30.09.09 and Tk. 32.14 (restated) as on 30.09.08.
- The Bank has further informed that as per decision taken by the Board of Directors, BRAC Bank Limited will subscribe for
The Bank has further informed that as per decision taken by the Board of Directors, BRAC Bank Limited will subscribe for 124,976 shares of BDT 100 each of Dun and Bradstreet Rating Agency Bangladesh Limited. Total subscription amount is BDT 12,497,600.00 (BDT twelve million four hundred ninety seven thousand and six hundred)
- The Bank has further informed that the final agreement between BRAC Bank Limited and Equity Partners Securities Limited
The Bank has further informed that the final agreement between BRAC Bank Limited and Equity Partners Securities Limited (EPSL) and Equity Partners Limited to acquire 51% shares has been signed on July 30, 2009.
- As per un-audited half yearly accounts as on 30.06.09, the Bank has reported profit after tax of Tk. 412.90 m with basic
As per un-audited half yearly accounts as on 30.06.09, the Bank has reported profit after tax of Tk. 412.90 m with basic EPS of Tk. 26.07 as against last year's half yearly of Tk. 426.53 m and Tk. 30.63 respectively. However, considering bonus share for the year 2008, diluted EPS of the Bank is Tk. 20.05 as on 30.06.09 and Tk. 20.71 as on 30.06.08.
- The Bank has informed that it has obtained no objection letter from Bangladesh Bank to acquire 51% shares of Equity Part
The Bank has informed that it has obtained no objection letter from Bangladesh Bank to acquire 51% shares of Equity Partners Securities Ltd. (EPSL) and 51% shares of Equity Partners Ltd. (EPL). Other information in this regard as announced earlier.
- The Bank has informed that it has credited the Stock Dividend for the year 2008 to the respective shareholders' BO Accou
The Bank has informed that it has credited the Stock Dividend for the year 2008 to the respective shareholders' BO Accounts on 02.07.09.
- The Bank has informed that the Board of Directors of the Bank in its meeting held on 16.06.09 has decided in principle (
The Bank has informed that the Board of Directors of the Bank in its meeting held on 16.06.09 has decided in principle (subject to the approval of respective Regulatory bodies) to acquire 51% shares of Equity Partners Securities Limited (EPSL) and 51 % shares of Equity Partners Limited (EPL) at total price of BDT 59.20 crore only.
- The Bank has informed that Credit Rating Agency of Bangladesh Limited (CRAB) has assigned 'AA2' (pronounced Double A Two
The Bank has informed that Credit Rating Agency of Bangladesh Limited (CRAB) has assigned 'AA2' (pronounced Double A Two) rating in Long Term and 'ST-2' rating in the Short Term in view of the performance of the Bank for the business year 2008.
- Normal trading of the shares of the Bank will resume on 06.04.09 after Record date and there will be no price limit on t
Normal trading of the shares of the Bank will resume on 06.04.09 after Record date and there will be no price limit on the trading of the shares of the Bank for the same day.
- The Bank has informed that due to some unavoidable circumstances the 10th AGM of the Bank will now be held on 17.05.09 i
The Bank has informed that due to some unavoidable circumstances the 10th AGM of the Bank will now be held on 17.05.09 instead of 14.05.09 at 9:30 a.m. at Bashundhara Convention Centre, Block-G, Umme Kulsum Road, Bashundhara R/A, Dhaka-1212. Other information of the AGM will remain unchanged.
- Trading of the shares of the Bank will remain suspended on record date i.e., 05.04.09.
Trading of the shares of the Bank will remain suspended on record date i.e., 05.04.09.
- Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be se
Trading of the shares of the Bank 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 31.03.09 to 02.04.09. Trading of the shares of the Bank will remain suspended on record date i.e., 05.04.09.
- The Bank has also reported profit after tax for the year 2008 of Tk. 973.45 million and EPS of Tk. 61.46 as against Tk.
The Bank has also reported profit after tax for the year 2008 of Tk. 973.45 million and EPS of Tk. 61.46 as against Tk. 618.34 million and Tk. 39.04 (restated) respectively for the year 2007.
- There will be no price limit on the trading of the shares of the Bank on 16.03.09 following its corporate declaration.
There will be no price limit on the trading of the shares of the Bank on 16.03.09 following its corporate declaration.
- The Board of Directors has recommended stock dividend @ 30% (i.e. 3 bonus shares for every 10 ordinary shares) for the y
The Board of Directors has recommended stock dividend @ 30% (i.e. 3 bonus shares for every 10 ordinary shares) for the year 2008. Date of AGM: 14.05.09, Time: 9:30 AM. Record Date: 05.04.09. Venue of the AGM to be notified later.
- The Bank has further informed that due to differences in positions, Brac Bank Ltd. (BBL) and GSP Finance Company Ltd. (G
The Bank has further informed that due to differences in positions, Brac Bank Ltd. (BBL) and GSP Finance Company Ltd. (GSP) could not reach an agreement on some key areas. Accordingly, BBL has decided not to proceed with the transaction and withdrew its offer of acquiring 51% shares of GSP Finance Company Ltd.
- ShoreCap International Ltd. and BRAC, both are Corporate Sponsors of the Bank, have further reported that they have comp
ShoreCap International Ltd. and BRAC, both are Corporate Sponsors of the Bank, have further reported that they have completed their sale/buy of 2,80,224 shares (Bonus shares) each at prevailing market price through Stock Exchange as announced earlier.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.