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 2022 (26).
- (Q3 Un-audited): Consolidated EPS was Tk. 0.43 for July-September 2022 as against Tk. 0.33 for July-September 2021; Cons
(Q3 Un-audited): Consolidated EPS was Tk. 0.43 for July-September 2022 as against Tk. 0.33 for July-September 2021; Consolidated EPS was Tk. 0.94 for January-September 2022 as against Tk. 1.20 for January-September 2021. Consolidated NOCFPS was Tk. (0.08) for January-September 2022 as against Tk. 1.13 for January-September 2021. Consolidated NAV per share was Tk. 17.96 as on September 30, 2022 and Tk. 16.72 as on September 30, 2021. (cont.1)
- (Continuation news of IFIC): The Company has further informed that the consolidated EPS of the Bank as of Q3 Y2022 is lo
(Continuation news of IFIC): The Company has further informed that the consolidated EPS of the Bank as of Q3 Y2022 is lower as compared to Q3 Y2021 due to higher provisioning charge and non-recognition of share of profit of one of the associates namely Nepal Bangladesh Bank Ltd (NBBL) as IFIC Bank decided to withdraw its investment from NBBL, Nepal. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of IFIC) The consolidated and separate NOCFPS of the Bank as of Q3 Y2022 is lower compared to Q3 Y2021 due to higher level of lending growth than deposit 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 October 30, 2022 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Decision to issue Non-Convertible Coupon Bearing Subordinated Bond
The Company has informed that the Board has decided to issue 4th Non-Convertible Coupon Bearing Subordinated Bond of BDT 5000.00 (five thousand) million for Tier 2 capital as per BASEL III subject to approval of Bangladesh Securities and Exchange Commission and Bangladesh Bank.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.34 for April-June 2022 as against Tk. 0.45 for April-June 2021; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.34 for April-June 2022 as against Tk. 0.45 for April-June 2021; Consolidated EPS was Tk. 0.52 for January-June 2022 as against Tk. 0.87 for January-June 2021. Consolidated NOCFPS was Tk. (2.70) for January-June 2022 as against Tk. 4.57 for January-June 2021. Consolidated NAV per share was Tk. 17.58 as on June 30, 2022 and Tk. 16.39 as on June 30, 2021. (Cont.)
- Q2 Financials
(Continuation news of IFIC): The Company also informed that EPS has decreased due to non-recognition of share of profit of one of the associated companies namely, Nepal Bangladesh Bank Limited and higher provisioning charge. NOCFPS has decreased due to higher growth in lending than in deposits. (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 28, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Emerging Credit Rating Limited (ECRL) has assigned rating of the Company as \"AA\" in the long term and \"ST-2\" in the
Emerging Credit Rating Limited (ECRL) has assigned rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with a Stable outlook based on audited financial statements of the Company as on December 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating.
- Refer to their earlier news disseminated by DSE on 31.08.2021 regarding Decision to issue Non-Convertible Bond, the Comp
Refer to their earlier news disseminated by DSE on 31.08.2021 regarding Decision to issue Non-Convertible Bond, the Company further informed that BSEC has given consent for raising Tire 2 Capital of the bank by issuing Non-Convertible, Unsecured Floating Rate Subordinated Bond of BDT 5,000.00 Million through private placement in cash consideration. The consent has been accorded subject to compliance of the relevant laws, regulatory requirements and conditions. (cont.)
- BSEC Consent for issuance of Non-Convertible Subordinated Bond
(Continuation news of IFIC): Features of the Bond: Title of the Bond: IFIC 3rd Subordinated Floating Rate Bond; Amount of the Bond: BDT 5,000.00 Million; Purpose: To strengthen Tier 2 Capital of the Bank; Tenor: 7 Years; Face Value of Each Bond: BDT 10,000,000.00 and Issue Price of Each Bond: BDT 10,000,000.00. (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended December 31, 2021 to the respective shareholders' BO Accounts on May 29, 2022.
- Category Change
The Company has been placed in 'B' category from existing 'A' category with effect from May 18, 2022 as the Company has approved 5% stock dividend for the year ended December 31, 2021.
- (Q1 Un-audited): Consolidated EPS was Tk. 0.19 for January-March 2022 as against Tk. 0.44 for January-March 2021. Consol
(Q1 Un-audited): Consolidated EPS was Tk. 0.19 for January-March 2022 as against Tk. 0.44 for January-March 2021. Consolidated NOCFPS was Tk. (0.80) for January-March 2022 as against Tk. (5.56) for January-March 2021. Consolidated NAV per share was Tk. 18.00 as on March 31, 2022 and Tk. 16.73 as on March 31, 2021. (con.)
- Q1 Financials
(Continuation news of IFIC): The company also informed the reasons for deviation in EPS and NOCFPS: The consolidated EPS of the Company as of Q1 Y2022 is lower compared to Q1 Y2021 due to lower operating profit, non-recognition of share of profit of one of the associates namely Nepal Bangladesh Bank Limited and higher provisioning charge. The consolidated NOCFPS of the Company as of Q1 Y2022 is higher compared to Q1 Y2021 due to higher 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 May 09, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
- Resumption after record date
Trading of the shares of the Company will resume on 13.04.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2022.
- 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 10.04.2022 to 11.04.2022. Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2022.
- The Board of Directors has recommended 5\% stock dividend for the year ended on December 31, 2021. Date of AGM: 12.05.20
The Board of Directors has recommended 5\% stock dividend for the year ended on December 31, 2021. Date of AGM: 12.05.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 12.04.2022. The Company has also reported Consolidated EPS of Tk. 1.49, Consolidated NAV per share of Tk. 17.78 and Consolidated NOCFPS of Tk. (0.19) for the year ended on December 31, 2021 (cont. 1)
- (Continuation news of IFIC): ii) Stock Dividend is declared out of current years profit of the company. iii) Stock Divi
(Continuation news of IFIC): ii) Stock Dividend is declared out of current years 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. - Dividend Declaration
(Continuation news of IFIC): as against Tk. 0.67, Tk. 16.35 and Tk. 4.93 respectively for the same period of the previous year. The Company also informed that i) Stock Dividend has been recommended to meet regulatory requirements for strengthening the capital base of the company to support business growth. (cont.2)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (20.03.2021) following its corporate declaration.
- 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 16, 2022 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
- Price Sensitive Information
The Company has informed that they have decided to sell entire promoter shares of Nepal Bangladesh Bank Limited (NBBL) held and owned by IFIC Bank Limited as of date to Ms. Sarika Chaudhary, resident of Ravi Bhawan, Kathmandu, Nepal at a purchase consideration of NPR 6,187,007,568 (Six billion, one hundred and eighty seven million, seven thousand, five hundred and sixty-eight Nepalese Rupees) subject to approvals of Nepal Rastra Bank and other regulatory authorities.
- Commencement of process to sell shares of Nepal Bangladesh bank Ltd.
The Company has informed that the International Finance Investment and Commerce Bank Limited (IFIC Bank Limited) has commenced a process of negotiation to sell the entire shares of Nepal Bangladesh Bank Limited owned by IFIC Bank Limited. A Memorandum of Understanding (MOU) has been signed in this regard with a prospective buyer.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.