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 2018 (25).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 1.19 for July-September 2018 as against Tk. 1.41 for July-September 2017; Consolidated EPS was Tk. 3.55 for January-September 2018 as against Tk. 3.53 for January-September 2017. Consolidated NOCFPS was Tk. 3.85 for January-September 2018 as against Tk. 10.98 for January-September 2017. Consolidated NAV per share was Tk. 30.26 as on September 30, 2018 and Tk. 23.70 as on September 30, 2017.
- Disclosure Program on unaudited quarterly financial statements
The Company has informed that they will organize a disclosure program on its un-audited Third Quarter (Q3) Financial Statements of 2018 on October 31, 2018 at 7:00 PM at BRAC Bank Head Office in Dhaka. The concerned stakeholders can participate at this event via live webcast facility at the web link http://bit.ly/BRAC_Q3_2018. The company has requested the concerned stakeholders to login using the (cont.) (Continuation news of BRACBANK): case sensitive username; bracbank & password: edq32018 to ask questions during the event. Questions may also be submitted via email to [email protected] on or by 4:00 PM of the above mentioned date. Name, Designation, Organization Name and Contact Numbers have to be included when sending the questions via email. (end)
- 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 30, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Disclosure Program on unaudited quarterly financial statements
The Company has informed that they will organize a disclosure program on its un-audited Half Yearly Financial Statements of 2018 on August 01, 2018 at 4:00 PM. The concerned stakeholders can participate at this event via live webcast facility at the web link http://bit.ly/BRAC_H1_2018. The company has requested the concerned stakeholders to login using the (cont.) (Continuation news of BRACBANK): case sensitive username; bracbank & password: edh12018 to ask questions during the event. Questions may also be submitted via email to [email protected] on or by 12:00 PM of August 01, 2018. Name, Designation, Organization Name and Contact Numbers have to be included when sending the questions via email. (end)
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.18 for April-June 2018 as against Tk. 1.02 for April-June 2017; Consolidated EPS was Tk. 2.36 for January-June 2018 as against Tk. 2.09 for January-June 2017. Consolidated NOCFPS was Tk. 4.33 for January-June 2018 as against Tk. 10.75 for January-June 2017. Consolidated NAV per share was Tk. 29.03 as on June 30, 2018 and Tk. 22.27 as on June 30, 2017.
- Land Purchase Decision
The Company has informed that the Board of Directors has approved, among others, to purchase land for building its Head Office, subject to the approval of Bangladesh Bank. The land is located in Tejgaon. Total size of the land is 59.60 decimal. Per decimal price is Taka 3.50 crore. Total price of the land is Tk. 208.60 crore.
- 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 July 25, 2018 at 3:30 PM to consider, among others, unaudited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2018.
- Increase of Authorized Capital after approval from Bangladesh Bank
Referring to its earlier disclosure disseminated on 14.03.2018 regarding decision to increase Authorized Capital from Tk. 1,200.00 crore to Tk. 2,000.00 crore, the Company has further informed that they have increased their Authorized Capital to Tk. 2,000.00 crore as per earlier decision, after obtaining approval from Bangladesh Bank.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned the initial credit rating of the Company as "AA+" in the long term and "ST-1" in the short term with a stable outlook based on audited financial statements of the Company up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA+" in the long term and "ST-1" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2017, unaudited financials up to March 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "AA1" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO Account on May10, 2018.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.18 for January-March 2018 as against Tk. 1.07 for January-March 2017. Consolidated NOCFPS was Tk. 5.67 for January-March 2018 as against Tk. 5.32 for January-March 2017. Consolidated NAV per share was Tk. 26.11 as on March 31, 2018 and Tk. 21.79 as on March 31, 2017.
- Board decision of a Share Purchase and Subscription Agreement
The Company has informed that the Board of Directors of BRAC Bank Limited (the "Company"), the majority shareholder of bKash Limited, have approved the execution of a Share Purchase and Subscription Agreement (the "Agreement"), among the existing shareholders of the Company, viz BRAC Bank Limited, Money in Motion LLC, International Finance Corporation, Bill & Melinda Gates Foundation and Alipay Singapore E-commerce Private Limited ("Alipay"). (cont. 1) (Continuation news of BRACBANK): in the Share Purchase and Subscription Agreement will have 20% shares in the Company on a fully diluted basis. Pursuant to the Agreement, there will be no change to the existing shareholding of BRAC Bank Limited. The Share Purchase and Subscription Agreement and the purchase and acquisition of the shareholding in bKash Limited are subject to customary condition precedents and the necessary regulatory formalities in compliance with the laws of Bangladesh. (end) (Continuation news of BRACBANK): In accordance with the terms and conditions of the Share Purchase and Subscription Agreement, Alipay shall be entitled to purchase 10% shares from Money in Motion LLC, International Finance Corporation and Bill & Melinda Gates Foundation. Alipay shall also be entitled to subscribe for a further 10% shares in the Company over a period of time as specified in the said Agreement. Alipay upon completion of the transaction as contemplated (cont. 2)
- 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 April 26, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 12.04.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 11.04.2018.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 09.04.2018 to 10.04.2018. Trading of the shares of the Company will remain suspended on record date i.e., 11.04.2018.
- Resumption after record date
Trading of the shares of the Company will resume on 04.04.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 03.04.2018 for EGM.
- Spot News for EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 01.04.2018 to 02.04.2018. Trading of the shares of the Company will remain suspended on record date i.e., 03.04.2018 for EGM.
- Dividend Declaration
The Board of Directors has recommended 25% stock dividend for the year ended on December 31, 2017. Date of AGM: 26.04.2018, Time: 110:00 AM, Venue: BRAC-CDM, Khagan, Savar, Dhaka. Record Date: 11.04.2018. The Company has also reported Consolidated EPS of Tk. 6.07, Consolidated NAV per share of Tk. 31.10 and Consolidated NOCFPS of Tk. 24.99 for the year ended on December 31, 2017 as against Tk. 4.55, Tk. 31.18 and Tk. 13.75 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (25.03.2018) following its corporate declaration.
- Increase of Authorized Capital and amendment of Clauses
The Board of Directors has decided to increase Authorized Capital of the Company from Tk.1,200.00 crore to Tk. 2,000.00 crore as well as to amend Clause -6 of the Memorandum of Association and Clause-4 of the Articles of Association of the Company subject to approval of the Regulatory authorities and shareholders in the EGM. Date of EGM: 26.04.2018, Time of EGM: 10:00 AM, Venue of EGM: BRAC-CDM, Savar, Khagan, Dhaka. Record Date for EGM: 03.04.2018.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(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 March 22, 2018 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.