First Security Islami Bank PLC announcements
340 Dhaka Stock Exchange announcements for First Security Islami Bank PLC (FIRSTSBANK) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2025 (27).
- Reduction of entire Paid-up Capital to 0 by Order of Bangladesh Bank
With reference to the Capital Reduction Order No. BRD/2025-2, dated 21 December 2025 of Bank Resolution Department, Bangladesh Bank, the company has informed that Bangladesh Bank vide aforementioned order has directed as follows under section 33(1) of Bank Resolution Ordinance, 2025: "1. Capital Reduction: A. The entire paid-up capital of First Security Islami Bank PLC., amounting to BDT 1,208.14 crore (One Thousand Two Hundred Eight Crore and Fourteen Lac only), (cont.1) (Cont. news of FIRSTSBANK): stock exchanges or any other person shall be required for the validity of this order, pursuant to Section 33(2) of the Ordinance. C. The Administrator shall take all necessary steps to ensure that the bank's statutory records reflect this capital reduction and cancellation of shares, including filling with the Registrar of Joint Stock Companies and Firms (RJSC) and relevant authorities, including BSEC, CDBL, DSE, CSE etc..." (end) (Cont. news of FIRSTSBANK): is hereby reduced to zero (0). B. Upon issuance of this Order: All related shares issued by the bank hereby stand fully written down and cancelled; All associated shareholders' rights including voting, dividends, claims, or remedies are extinguished. 2. Effectiveness: A. This Order takes immediate effect and shall be deemed effective from 05 November, 2025. B. No approval or consent of shareholders, creditors, regulators, (cont.2)
- Q3 Financials (Revised un-audited Financial Statement)
The company has informed that Bangladesh Bank vide letter dated 25 November 2025 has cancelled the deferral facility for preparing Financial Statements without adjusting deficit provision and advised to prepare Financial statements for the Third Quarter (Q3) ended on 30 September 2025 and onward by adjusting the provision. As such, the company has prepared again the aforesaid Financial Statements according to the instruction (cont.1) (Continuation news of FIRSTSBANK): Consolidated NOCFPS was Tk. (23.84) for January-September 2025 as against Tk. (27.16) for January-September 2024. Consolidated NAV per share was Tk. (460.18) as on September 30, 2025 and Tk. 20.66 as on September 30, 2024. (end) (Continuation news of FIRSTSBANK): of Bangladesh Bank. As per the revised un-audited Financial Statements for the Third Quarter (Q3) ended on 30 September 2025: Consolidated EPS was Tk. (462.57) for July-September 2025 as against Tk. (0.26) for July-September 2024; Consolidated EPS was Tk. (476.57) for January-September 2025 as against Tk. 0.48 for January-September 2024. (cont.2)
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. (17.04) for July-September 2025 as against Tk. (0.26) for July-September 2024; Consolidated EPS was Tk. (31.04) for January-September 2025 as against Tk. 0.48 for January-September 2024. Consolidated NOCFPS was Tk. (23.84) for January-September 2025 as against Tk. (27.16) for January-September 2024. Consolidated NAV per share was Tk. (14.65) as on September 30, 2025 and Tk. 20.66 as on September 30, 2024.
- Suspension of Trading
Trading of shares of First Security Islami Bank PLC. shall remain suspended with effect from today, November 6, 2025 until further notice as Bangladesh Bank vide its letter No. BRD/6-Information(Government)/2025-540 dated November 5, 2025 has declared the bank as non-viable (okarjokar) with effect from November 5, 2025 in accordance with the section 15 of the Bank Resolution Ordinance, 2025.
- Bangladesh Bank Appoints Administrator for the company
The company has informed that Bangladesh Bank vide its letter dated November 05, 2025, has informed that First Security Islami Bank PLC. will be governed under Bank Resolution Ordinance, 2025 with effect from November 05, 2025. (cont.) (Cont. News of FIRSTSBANK): Moreover, Bangladesh Bank has also appointed Mr. Muhommad Badiuzzaman Dider, Executive Director of Bangladesh Bank as Administrator of the company and the following team from Bangladesh Bank has also been appointed to assist him with immediate effect: 1. Mr. Muhammad Ansarul Kabir, Additional Director; 2. Mr. Mohammad Faisal Khan, Joint Director; 3. Mr. Md. Omar Faruk, Joint Director; and 4. Mr. Biswajit Kumar Dey, Deputy Chief ISO. (end)
- Clarification on recent news published in newspaper
In response to a DSE query to the company regarding a news published in a newspaper titled "Three Banks Agree to Merge, Two Oppose" on September 07, 2025, the company has submitted clarification vide its letter dated September 11, 2025, which states, among others, the following: "...1. The Authenticity of the news: The Board of Directors of FSIB had a meeting with the officials of Bangladesh Bank on September 2, 2025. (cont.1) (cont. news of FIRSTSBANK): 2. Probable financial impact (in numeric value): Since we have not received any formal letter regarding merger of our bank from any competent authority, the probable financial impact (in numeric value) has not yet ascertained. 3. Going concern issue: First Security Islami Bank PLC. is a going concern entity and it has been conducting its regular banking activities till today." (end) (cont. news of FIRSTSBANK): After the meeting, the Chairman of FSIB informed the media about the meeting. Similarly, the Board of Directors of some other banks also had meetings with the officials of Bangladesh Bank and faced media. Accordingly, the news was published in the online version of The Daily Star on September 4, 2025 and we had come to know the news like you. (cont.2)
- Regarding Postponement of 26th AGM of the Company
Refer to their earlier news disseminated by DSE on 01.06.2025 regarding dividend declaration, the company has further informed that the Board of Directors of the company has decided unanimously to postpone the ensuing 26th Annual General Meeting of the company scheduled to be held on September 15, 2025 due to unavoidable circumstances. The new date and other information related to the 26th Annual General Meeting will be notified later on.
- Appointment of Managing Director (Current Charge)
The company has informed that the Board of Directors has appointed Mr. Abu Reza Md. Yeahia as Managing Director (Current Charge) of the company for the period of 03 (three) months with effect from 15 August 2025.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. (9.24) for April-June 2025 as against Tk. 0.44 (Restated) for April-June 2024; Consolidated EPS was Tk. (14.01) for January-June 2025 as against Tk. 0.74 (Restated) for January-June 2024; Consolidated NOCFPS was Tk. (22.07) for January-June 2025 as against Tk. 8.22 (Restated) for January-June 2024. Consolidated NAV per share was Tk. 2.39 as on June 30, 2025 and Tk. 21.44 (Restated) as on June 30, 2024. (cont.1) (Cont. News of FIRSTSBANK): mainly due to decrease of deposit received from customers and Placement from Banks and other Financial institutions. NAVPS has been decreased in compare to that of previous period (as on June 30, 2024) mainly due to increase of classified investment and decrease of retained earnings. (end) (Cont. News of FIRSTSBANK): Reasons for deviation EPS, NOCFPS and NAVPS: EPS has been decreased in compare to that of previous period (as on June 30, 2024) mainly due to increase of classified investment and decrease of net investment income. NOCFPS has been decreased in compare to that of previous period (as on June 30, 2024) (cont.2)
- Board Approves Sale of First Security Islami Exchange Italy S.R.L
The company has informed that the Board of Directors has approved the selling of ownership of "First Security Islami Exchange Italy S.R.L", a 100% Subsidiary Company of First Security Islami Bank PLC., to the NEC Money Transfer Limited, UK subject to approval of the competent authority(ies).
- 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 30, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2025.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned Surveillance rating to the Company as "BB+" in the long term and "ST-4" for short term along with a Stable outlook based on audited financial statements up to December 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating.
- Resumption after Record Date
Trading of the shares of the company will resume on 21.07.2025.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 20.07.2025.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 16.07.2025 to 17.07.2025 and trading of the shares will remain suspended on record date i.e., 20.07.2025.
- Basis for Qualified Opinion and Others
The auditor of the company has given the "Basis for Qualified Opinion", "Material Uncertainty related to Going Concern", "Emphasis of Matter" and "Other matters" paragraphs in the Auditor's Report of the company for the year ended December 31, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/FIRSTSBANK_2024.pdf
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended December 31, 2024. Date of AGM: 15.09.2025, Time: 10:00 AM, Venue: Digital Platform. Record Date: 20.07.2025. The Company has also reported Consolidated EPS of Tk. (3.35), Consolidated NAV per share of Tk. 16.40 and Consolidated NOCFPS of Tk. (2.21) for the year ended December 31, 2024 as against Tk. 2.72 (restated), Tk. 20.70 (restated) and Tk. 0.50 (restated) respectively for the year ended December 31, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.06.2025) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. (4.76) for January-March 2025 as against Tk. 0.30 (restated) for January-March 2024. Consolidated NOCFPS was Tk. (17.80) for January-March 2025 as against Tk. (18.53) (restated) for January-March 2024. Consolidated NAV per share was Tk. 11.64 as on March 31, 2025 and Tk. 21.00 (restated) as on March 31, 2024. (cont.) (cont. news of FIRSTSBANK): Net Asset Value Per Share has been decreased in compare to that of previous period (as on March 31, 2024) mainly due to decrease of net profit after tax. Earnings Per Share has been decreased in compare to that of previous period (as on March 31, 2024) mainly due to decrease of net investment income. (end)
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on May 29, 2025 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2024.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on May 29, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025.
- Postponement of Board Meeting schedule under LR 19(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on April 30, 2025 at 3:00 PM as per LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, audited financial statements of the Company for the year ended December 31, 2024, has been postponed. New date and time of the meeting will be notified later.
- Postponement of Board Meeting schedule under LR 16(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on April 30, 2025 at 3:00 PM as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025, has been postponed. New date and time of the meeting will be notified later.
- Postponement of board meeting schedule under LR 19(1) and LR 16(1)
Refer to their earlier news disseminated by DSE today i.e., 04.05.2025 regarding postponement of board meeting schedule under LR 16(1), the company has also informed that the proposed agenda for consideration/adoption, among others, of Audited Financial Statements for the year ended on 31 December 2024 and Un-Audited Financial Statements for the First Quarter (Q1) ended on 31 March 2025 were supposed (cont.1) (cont. news of FIRSTSBANK): ended on 31 March 2025 later. The company has also requested to allow it 30 (thirty) days to submit Audited Financial Statements for the year ended on 31 December 2024 and Un-Audited Financial Statements for the First Quarter (Q1) ended on 31 March 2025. (end) (cont. news of FIRSTSBANK): to be considered/adopted in the 295th Board of Directors' Meeting have been postponed by the competent authority due to unavoidable circumstance. However, the company will notify the information of convening the Board of Directors' Meeting in regard to consideration/adoption, among others, of Audited Financial Statements for the year ended on 31 December 2024 and Un-Audited Financial Statements for the First Quarter (Q1) (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 30, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025.
- 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 April 30, 2025 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2024.
- Appointment of Company Secretary (Current Charge)
The company has informed that the Board of Directors has accorded post facto approval of the appointment of Mr. Nijam Kazi ACS, Assistant Vice President of the Bank as Company Secretary (Current Charge) with effect from February 25, 2025.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.