City Bank PLC. announcements
537 Dhaka Stock Exchange announcements for City Bank PLC. (CITYBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (28).
- Issuance of Subordinated Debt (Bond)
The Company has informed that the Board of Directors has decided to issue Subordinated Debt (Bond) worth Tk. 500.00 crore to meet Capital requirement under Basel-III subject to approval from the Regulatory Authorities.
- Q3 Financials
Consolidated EPS was Tk. 0.48 for July-September, 2016 as against Tk. 1.00 for July-September, 2015; Consolidated EPS was Tk. 2.78 for January-September, 2016 as against Tk. 2.63 for January-September, 2015. Consolidated NOCFPS was Tk. (0.83) for January-September, 2016 as against Tk. 18.80 for January-September, 2015. Consolidated NAV per share was Tk. 26.18 as of September 30, 2016 and Tk. 28.07 as of September 30, 2015.
- Board Meeting
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, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2016.
- Setting up a new Subsidiary Company in Hong Kong
The Company has informed that the Board of Directors has decided to set up a new subsidiary Company in Hong Kong and obtain money lender license. This is subject to approval from Bangladesh Bank and regulator in Hong Kong. City Bank Ltd. will inject share Capital of HKD 6,000,000.00 (HKD 1= BDT 10 approx.). The Bank will primarily focus in trade related business namely bill discounting and LC advising.
- Dividend Disbursement
The Company has informed that it has disbursed Cash dividend for the year ended on December 31, 2015 to the respective shareholders' Bank Account through Bangladesh Electronic Fund Transfer Network (BEFTN) on August 08, 2016.
- Q2 Financials
Consolidated EPS was Tk. 1.51 for April-June, 2016 as against Tk. 1.03 for April-June, 2015; Consolidated EPS was Tk. 2.30 for January-June, 2016 as against Tk. 1.63 for January-June, 2015. Consolidated NOCFPS was Tk. (3.29) for January-June, 2016 as against Tk. (0.67) for January-June, 2015. Consolidated NAV per share was Tk. 28.09 as of June 30, 2016 and Tk. 28.07 as of December 31, 2015.
- 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 26, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2016.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "AA2" in the long term and "ST-2" in the short term along with a Stable outlook based on audited financial statements of the Company up to December 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record date
Trading of the shares of the Company will resume on 13.06.2016 after record date.
- Suspension news for record date
Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2016.
- Share transfer and investment to Subsidiaries
The Company has informed that the Board of Directors has decided to transfer 35,716,831 shares of IDLC Finance Ltd. to its subsidiaries at the prevailing market price on the transaction date subject to obtaining approval of Bangladesh Bank, BSEC and other Regulatory Authorities. After obtaining approval from Regulatory bodies, 24,885,352 shares will be transferred to City Bank Capital Resources Ltd. and 10,831,479 no. of shares will be transferred to City Brokerage Ltd. out of total 35,716,831 shares of IDLC Finance Ltd. The Board further approved conversion of Tk. 100.00 crore loan, availed by the Bank's Subsidiary, City Brokerage Ltd. into its capital subject to obtaining approval of Bangladesh Bank, BSEC and Regulatory Authorities. In addition to the above, Board also approved investment in the Subsidiaries capital of Tk. 360.00 crore for enhancement of subsidiaries equity portfolio. subject to obtaining approval of Bangladesh Bank, BSEC and other Regulatory Authorities in the following manner: Investment of Tk. 180.00 crore (Inclusive of Loan of Tk. 100 crore to be converted into Capital) to City Brokerage Ltd. and Tk. 180 crore to City Bank Capital Resources Ltd.
- Spot News for AGM
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 08.06.2016 to 09.06.2016. Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2016.
- Q1
Consolidated EPS was Tk. 0.79 for January-March, 2016 as against Tk. 0.60 for January-March, 2015. Consolidated NOCFPS was Tk. (0.52) for January-March, 2016 as against Tk. (5.70) for January-March, 2015. Consolidated NAV per share was Tk. 28.20 as of March 31, 2016 and Tk. 28.07 as of December 31, 2015.
- Time and Venue of EGM
The Company has further informed that the EGM of the Company will be held on May 31, 2016 at 03:00 PM at Grand Sultan Tea Resort & Golf, Radhanagar, Sreemongal, Moulvibazar. Other information of the EGM is as announced earlier.
- Board Meeting
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 May 09, 2016 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Dividend Declaration & EGM
The Board of Directors has recommended 22% cash dividend for the year ended on December 31, 2015. Date of AGM: 18.07.2016, Time and Venue will be notified later. Record Date: 12.06.2016. The Company has also reported EPS of Tk. 4.09, NAV per share of Tk. 29.13 and NOCFPS of Tk. 11.97 for the year ended on December 31, 2015 as against Tk. 2.53 (restated), Tk. 26.40 (restated) and Tk. (2.40) (restated) respectively for the year ended on December 31, 2014. The Board of Directors in the meeting has rescheduled the Postponed EGM as follows: Date of EGM: 31.05.2016, Time & Venue of EGM will be notified later.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (02.05.2016) following its corporate declaration.
- Board Meeting
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 April 28, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Postponement of EGM
With reference to their earlier news (disseminated by DSE on 25.02.2016) the company has further informed that due to some unavoidable circumstances, the EGM, which was scheduled to be held on April 13, 2016, has been postponed. The EGM was supposed to be taken place for amendment of the provisions of Memorandum and Articles of Associations for alignment with shareholders Agreement and Subscription Agreement among the Company and IFC.
- Resumption after Record date for EGM
Normal trading of the shares of the Company will resume on 20.03.2016 after record date for EGM.
- Suspension for Record date for EGM
Trading of the shares of the Company will remain suspended on record date i.e., 16.03.2016 for EGM.
- Spot 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 14.03.2016 to 15.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 16.03.2016 for EGM.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 03.03.2016 after record date for EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 02.03.2016 for EGM.
- Spot 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 29.02.2016 to 01.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 02.03.2016 for EGM.
- EGM for amending Memorandum and Articles of Association
In connection to their earlier news (disseminated by DSE on 09.02.2016), regarding IFC's Direct Equity Inv. & Convertible loan issue; MOA & AOA amendment, The Company has further informed the Board has decided to hold an EGM on 13.04.2016 for obtaining approval from the shareholders of the company for amendment of required provisions of Memorandum and Articles of Association for alignment with the agreements among the City Bank Limited and International Finance Corporation (IFC). Venue and Time of the EGM will be notified later on. Record Date for the EGM: 16.03.2016.
- Change of EGM date
With reference to their earlier news (disseminated by DSE on 09.02.2016) regarding IFC's Direct Equity Investment & Convertible loan issuance, the company has further informed that date of the EGM will be 27.03.2016 instead of earlier declared 24.03.2016. All other information will remain unchanged.
- IFC's Direct Equity Inv
The Board of Directors has approved entering into Shareholders Agreement and Subscription Agreement among The City Bank Ltd. and International Finance Corporation's (IFC). Based on the agreements, IFC will invest in the City Bank's Equity Shares to hold 5.0% of outstanding no. of bank's common equity through issuance of fresh equity with 46,560,231 shares with an issue price of each share of Tk. 28.30 (Tk. 18.30 premium with a face value of Tk . 10.00 each). The total value of shares to be subscribed by IFC would be Tk. 1,317,654,537.00; subject to obtaining approval of Bangladesh Bank, BSEC and other relevant Regulatory Authorities and as well as the shareholders to comply with the required regulatory requirements. The board has also approved Convertible Loan facilities from IFC into common equity of the company after getting approval from the respective regulatory authorities. The amount of loan would be
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.