IFIC Bank PLC announcements
367 Dhaka Stock Exchange announcements for IFIC Bank PLC (IFIC) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (14).
- Issuance of Non - Convertible Coupon Bearing Bond
The Company has informed that BSEC has given consent to the Company for issuance of Non - Convertible Coupon Bearing Bond (IFIC Sub - Ordinated Bond) amounting to Tk. 3,500.00 million only with a Face Value of Tk. 1.00 million of each debt through private placement with semiannual interest payment for a group of institutional and individual investors. The Purpose of the issuance is to consolidate and strengthen their capital base (Tier - II Regulatory Capital Raising) in line with the Basel - III framework. The tenure of the bond will be 7 years from the date of issue. The rate of interest would be : Coupon Floor Rate 10.00% and Coupon Ceiling Rate 12.50% p.a. Actual rate will be based on cut - off rate of the latest auctioned 182 - days Bangladesh Government T-Bill plus 4.00% p.a. margin.
- Q3 Financials
Consolidated EPS was Tk. 0.53 for July-September, 2015 as against Tk. 1.04 for July-September, 2014; Consolidated EPS was Tk. 2.10 for January-September, 2015 as against Tk. 2.81 for January-September, 2014. Consolidated NOCFPS was Tk. 8.96 for January-September, 2015 as against Tk. (0.59) for January-September, 2014. Consolidated NAV per share was Tk. 25.59 as of September 30, 2015 and Tk. 23.63 as of December 31, 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 20, 2015 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- Q2 Financials
Consolidated EPS for April-June, 2015 was Tk. 0.98 as against Tk. 0.66 for April-June, 2014, consolidated EPS for Jan-June, 2015 was Tk. 1.68 as against Tk. 1.77 for Jan-June, 2014. Consolidated NOCFPS was Tk. (4.81) for Jan-June, 2015 as against Tk. (1.83) for Jan-June, 2014. Consolidated NAV per share was Tk. 25.18 as of June 30, 2015 and Tk. 27.18 as of December 31, 2014.
- Credit Rating
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of the Company as 'AA2' in the long term and 'ST-2' in the short term along with a positive 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.
- 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 June 29, 2015. Sale processed of fractional bonus shares will be processed in due course.
- dividend eligibility
The Company has requested the concerned Brokerage houses/ Depository Participants (DPs) to provide the BO Accounts of the Margin Loan Account holders who are eligible to the stock dividend based on their holding of shares on the Record Date within June 30, 2015.
- Issuance of IFIC Subordinated Debt
The Company has informed that the Board of Directors has decided to issue Non-Convertible Coupon Bearing IFIC Subordinated Debt (Bond) at total face value of Tk. 3,500.00 million to raise Tier-II capital of the Company, subject to the approval of the Shareholders of the Company in the 38th AGM and the concerned Regulatory Authorities. Features of the Bond: Face Value of each Debt (Bond): 1.00 million, Lot size: 10, Currency: BDT, Purpose: To meet future Capital Adequacy Requirement of IFIC Bank Limited as per Basel-III, Tenure: 7 years, Rate of Interest: 9.50% to 12.50% p.a Actual rate will be based on cut-off rate of the latest auctioned 182-days Bangladesh Government T-Bill plus 4.00% margin, Interest Payments: Semi Annual, Mode of subscription: Private placement, Investors: Bank, NBFIs, Insurance Companies, Foreign Investors, Local Corporate Bodies etc., Form: Non-convertible Coupon Bearing.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 21.05.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 20.05.2015.
- 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 18.05.2015 to 19.05.2015. Trading of the shares of the Company will remain suspended on record date i.e., 20.05.2015.
- Q1
Consolidated Net Profit after taxes from Jan15 to Mar15 was Tk. 351.12 million with consolidated basic EPS of Tk. 0.80 as against Tk. 557.13 million and Tk. 1.27 respectively for the same period of the previous year. However, considering proposed bonus share 15% for the year 2014, consolidated restated basic EPS will be Tk. 0.70 as on 31.03.15 and Tk. 1.11 as on 31.03.14.
- Dividend Declaration
The Board of Directors has recommended 15% Stock dividend for the year ended on December 31, 2014. Date of AGM: 17.06.2015, Time: 11:00 AM, Venue: Bashundhara Convention Center-2 (Pushpanjoli), Block C, Umme Kulsum Road, Bashundhara R/A, Baridhara, Dhaka. Record Date: 20.05.2015. The Company has also reported consolidated Net Profit after Tax of Tk. 2,061.11 million, consolidated EPS of Tk. 4.71, consolidated NAV per share of Tk. 27.18 and consolidated NOCFPS of Tk. 11.38 for the year ended on 31.12.2014.
- 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 09, 2015 at 5:00 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.