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 2023 (25).
- (Q3 Un-audited): Consolidated EPS was Tk. 0.12 for July-September 2023 as against Tk. 0.41 for July-September 2022; Cons
(Q3 Un-audited): Consolidated EPS was Tk. 0.12 for July-September 2023 as against Tk. 0.41 for July-September 2022; Consolidated EPS was Tk. 0.70 for January-September 2023 as against Tk. 0.92 for January-September 2022. Consolidated NOCFPS was Tk. 3.15 for January-September 2023 as against Tk. (0.40) for January-September 2022. Consolidated NAV per share was Tk. 18.82 as on September 30, 2023 and Tk. 17.52 as on September 30, 2022. (cont.)
- Q3 Financials
(Continuation news of IFIC): Reasons for significant deviation in EPS and NOCFPS: Consolidated EPS of the Bank for Q3 Y2023 is lower as compared to Q3 Y2022 due to lower level of operating income. The consolidated NOCFPS of the Bank for Q3 Y2023 has improved compared to Q3 Y2022 due to higher 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 29, 2023 at 6:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- The company has informed that the Dhaka Stock Exchange Ltd. vide letter No. DSE/IMPDMD/ATB/Listing/2023/5880 and DSE/IMP
The company has informed that the Dhaka Stock Exchange Ltd. vide letter No. DSE/IMPDMD/ATB/Listing/2023/5880 and DSE/IMPDMD/ATB/Listing/2023/5881 both dated 10 October 2023 has approved the applications of IFIC Bank PLC for listing of the IFIC 2nd and 3rd Non-convertible, Redeemable, Unsecured, Floating Rate Subordinated Bonds of BDT 5,000 million each under ATB of DSE in pursuant to the regulation 7(3) of the Dhaka Stock Exchange (Alternative Trading Board) (cont.1)
- (Continuation news of IFIC): Regulations, 2022. It may be mentioned here that the Bangladesh Securities and Exchange Com
(Continuation news of IFIC): Regulations, 2022. It may be mentioned here that the Bangladesh Securities and Exchange Commission (BSEC) vide its letter No. BSEC/CI/DS-144/2021/442 dated 30 June 2021 and letter No. BSEC/CI/DS-180/2021/838 dated 01 June 2022 respectively accorded their consent for raising Tier 2 Capital of IFIC Bank PLC by issuing two \'Non-convertible, Unsecured Floating Rate Subordinated Bond(s)\' of BDT 5,000 Million (BDT Five Thousand Million) (cont.2)
The first part of this announcement is missing from the archive. - Approval of DSE for listing of IFIC 2nd and 3rd Subordinated Bond
(Continuation news of IFIC): each only through private placement. The Price Sensitive Information (PSI) for IFIC 2nd and 3rd Bond as mentioned above was published on 30 June 2021 and 01 June 2022 respectively. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): Consolidated EPS was Tk. 0.25 for April-June 2023 as against Tk. 0.33 (restated) for April-June 2022; C
(Q2 Un-audited): Consolidated EPS was Tk. 0.25 for April-June 2023 as against Tk. 0.33 (restated) for April-June 2022; Consolidated EPS was Tk. 0.59 for January-June 2023 as against Tk. 0.51 (restated) for January-June 2022. Consolidated NOCFPS was Tk. (0.38) for January-June 2023 as against Tk. (1.60) (restated) for January-June 2022. Consolidated NAV per share was Tk. 18.68 as on June 30, 2023 and Tk. 17.15 (restated) as on June 30, 2022. (cont.)
- Q2 Financials
(Continuation news of IFIC): The Company also informed that the consolidated EPS of the company for H1 Y2023 is higher compared to HI Y2022 due to better performance of its subsidiaries. The consolidated NOCFPS of the company for H1 Y2023 has improved compared to H1 Y2022 due to higher 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 July 30, 2023 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Dividend Disbursement
The company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders for the year ended December 31, 2022.
- Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as \"AA\" in the long term and \"S
Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with Stable outlook based on the audited financial statements up to December 31, 2022 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 28.05.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 25.05.2023
- 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 with cum benefit from 23.05.2023 to 24.05.2023, and trading of the shares will be suspended on the record date i.e., 25.05.2023.
- BSEC's consent regarding 2.50% Stock Dividend
Refer to their earlier news disseminated by DSE on 30.04.2023 regarding dividend declaration, the Company has further informed that BSEC has accorded its consent to the company for raising of Paid-up capital by issuing 2.50% Stock Dividend for the year ended December 31, 2022.
- (Q1 Un-audited): Consolidated EPS was Tk. 0.35 for January-March 2023 as against Tk. 0.18 for January-March 2022. Consol
(Q1 Un-audited): Consolidated EPS was Tk. 0.35 for January-March 2023 as against Tk. 0.18 for January-March 2022. Consolidated NOCFPS was Tk. (3.05) for January-March 2023 as against Tk. 0.85 for January-March 2022. Consolidated NAV per share was Tk. 19.17 as on March 31, 2023 and Tk. 17.14 as on March 31, 2022. (cont.)
- 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 Y2023 is higher compared to Q1 Y2022 due to better performance of one of the subsidiaries. The consolidated NOCFPS of the Company as of Q1 Y2023 is lower compared to Q1 Y2022 due to higher investment in trading securities. (end)
The first part of this announcement is missing from the archive. - Q1 Financials (Additional Information)
The company has further informed that Net Operating Cash Flows per share (NOCFPS) for the First Quarter ended 31 March 2022 was restated, mainly because of the changes in the presentation of Held for Trading (HFT) securities as Operating Activities (Previously presented as Investment Activities) in line with the IAS 1, IAS 7 and Bangladesh Bank Circular no BRPD 14, dated 25 June 2003.
- 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 14, 2023 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The Board of Directors has recommended 2.50\% Cash and 2.50\% Stock dividend for the year ended December 31, 2022. The s
The Board of Directors has recommended 2.50\% Cash and 2.50\% Stock dividend for the year ended December 31, 2022. The stock dividend is subject to approval from Bangladesh Securities and Exchange Commission. Date of AGM: 22.06.2023, Time: 11:00 AM, Venue: Hybrid/Digital Platform through link- https://ificbank.bdvirtualagm.com. Record Date: 25.05.2023. The Company has reported Consolidated EPS of Tk. 1.93, Consolidated NAV per share of Tk. 18.82 and Consolidated NOCFPS of Tk. 1.20 for the (cont. 1)
- (Continuation news of IFIC): year ended December 31, 2022 as against Tk. 1.42 (restated), Tk. 16.93 (restated) and Tk. 4
(Continuation news of IFIC): year ended December 31, 2022 as against Tk. 1.42 (restated), Tk. 16.93 (restated) and Tk. 4.11 (restated) respectively for the year ended December 31, 2021. Reasons for deviation in EPS and NOCFPS: EPS of Y2022 is higher compared to Y2021 due to lower level of provisioning and tax charges. NOCFPS of Y2022 is lower compared to Y2021 due to higher growth in lending over deposits. Disclosure on recommendation of Stock Dividend i) Stock Dividend has been recommended to meet(cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of IFIC): regulatory requirement for strengthening the capital base of the company to support business growth. ii) Stock Dividend is declared out of current year's profit. and 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. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.04.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- 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 27, 2023 at 7:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
- Name Change
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'IFIC Bank PLC' instead of 'International Finance Investment and Commerce Bank Limited' with effect from April 12, 2023. Other things (except name) will remain unchanged.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.