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 2021 (18).
- Q3 Financials
(Continuation news of IFIC): The Company has further informed that reasons: i) The consolidated and separate/solo EPS of the Bank as of Q3 Y2021 is higher as compared to Q3 Y2020 due to higher level of Net Interest Income, Investment Income and Fee based Income. ii) The consolidated and separate NOCFPS of the Bank as of Q3 Y2021 is lower compared to Q3 Y2020 due to higher level of lending growth over deposit. (end)
The first part of this announcement is missing from the archive. - 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 28, 2021 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, 2021.
- Decision to issue Non-Convertible Bond
The Company has informed that Board of Directors of the Company has taken a decision to issue BDT 5,000.00 million Non-Convertible Coupon Bearing Subordinated Bond for Tier 2 Capital as per Basel � III subject to approval of Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank (BB).
- Q2 Financials
(Continuation news of IFIC): The Company also informed that EPS is higher due to higher level of Net Interest Income, Investment Income and Fee based income. NOCFPS is higher due to higher level of deposits growth than lending growth. (end)
The first part of this announcement is missing from the archive. - 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 27, 2021 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
- Withdraw the investment from Nepal Bangladesh Bank Limited
The Company has informed that the Board of Directors has decided to withdraw the investment from Nepal by selling the entire shareholding of the Bank held in Nepal Bangladesh Bank Limited as Promoter and to repatriate the fund to Bangladesh. This is subject to execution of an agreement with suitable buyer at a desired price and all necessary approvals from the regulatory authorities in Bangladesh and Nepal.
- Resumption after record date
Trading of the shares of the Company will resume on 14.07.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 13.07.2021 for EGM.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.46 for January-March 2021 as against Tk. 0.44 for January-March 2020. Consolidated NOCFPS was Tk. (5.93) for January-March 2021 as against Tk. 0.83 for January-March 2020. Consolidated NAV per share was Tk. 17.57 as on March 31, 2021 and Tk. 16.71 as on March 31, 2020.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.04.2021.
- 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, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
- 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 21.04.2021 to 22.04.2021. Trading of the shares of the Company will remain suspended on record date i.e., 25.04.2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.04.2021) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of IFIC): ii) Stock Dividend is declared out of accumulated profit of the company. iii) Stock Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Decision to name change of the Bank
The Company has informed that they have special agenda in the 44th AGM which will be held on May 27, 2021 regarding change of registered name of the bank to 'IFIC Bank PLC' from 'International Finance Investment and Commerce Bank Limited' and amendment in the relevant clauses of the Memorandum and Articles of Association of the Bank in this regard subject to approval of the shareholders of the Bank and regulatory authorities.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on March 31, 2021 at 7:00 PM instead of 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- 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 31, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- Decision to issue Non-Convertible Subordinated Bond
The Company has informed that Board of Directors of the Company has taken a decision to issue BDT 5,000.00 million Non-Convertible Subordinated Bond as Tier-2 capital of the bank subject to approval of Bangladesh Securities & Exchange Commission and Bangladesh Bank.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.