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 2024 (30).
- (Q3 Un-audited): Consolidated EPS was Tk. 0.04 for July-September 2024 as against Tk. 0.11 for July-September 2023; Cons
(Q3 Un-audited): Consolidated EPS was Tk. 0.04 for July-September 2024 as against Tk. 0.11 for July-September 2023; Consolidated EPS was Tk. 0.36 for January-September 2024 as against Tk. 0.67 for January-September 2023. Consolidated NOCFPS was Tk. (2.42) for January-September 2024 as against Tk. 3.00 for January-September 2023. Consolidated NAV per share was Tk. 19.15 as on September 30, 2024 and Tk. 17.92 as on September 30, 2023. (cont.)
- Q3 Financials
(Cont. news of IFIC): Reasons for deviation: The consolidated EPS of the company as of Q3 Y2024 is lower compared to Q3 Y2023 due to lesser profit of the subsidiaries compared to corresponding period of Y2023. The consolidated NOCFPS of the company as of Q3 Y2024 is lower compared to Q3 Y2023 due to lower deposit growth than loan and advances. (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, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Election of Chairman
The company has informed that the Board of Directors has elected Mr. Md. Mehmood Husain as the Chairman of the Board of Directors of the company.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.12 for April-June 2024 as against Tk. 0.24 (restated) for April-June 2023; C
(Q2 Un-audited): Consolidated EPS was Tk. 0.12 for April-June 2024 as against Tk. 0.24 (restated) for April-June 2023; Consolidated EPS was Tk. 0.33 for January-June 2024 as against Tk. 0.56 (restated) for January-June 2023; Consolidated NOCFPS was Tk. 4.66 for January-June 2024 as against Tk. (0.36) (restated) for January-June 2023. Consolidated NAV per share was Tk. 19.15 as on June 30, 2024 and Tk. 18.02 (restated) as on June 30, 2023 . Reasons for deviation in EPS and NOCFPS: (cont.)
- Q2 Financials
(Cont. news of IFIC): The consolidated EPS as of H1 Y2024 is lower compared to H1 Y2023 due to lesser profit to the subsidiaries compared to the corresponding period of Y2023. The consolidated NOCFPS as of H1 Y2024 has improved compared to the H1 2023 due to higher profit 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 29, 2024 at 05:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Dividend Disbursement
The Company has informed that it has credited the Bonus Shares for the year ended December 31, 2023 to the respective shareholders' BO Accounts.
- Credit Rating Result
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 a Stable outlook based on audited financial statements up to December 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating.
- The company has informed that the Board of Directors of the company in its 887th meeting held on Wednesday, 12 June 2024
The company has informed that the Board of Directors of the company in its 887th meeting held on Wednesday, 12 June 2024, has taken decision to raise the Tier II capital of the company as per BASEL III guidelines by issuing Fully Redeemable, Non-convertible, Unsecured, Subordinated Zero-Coupon Bond subject to approval of Bangladesh Bank and Bangladesh Securities & Exchange Commission (BSEC). Total issue price of the Bond will be BDT 6,000 million. (cont.)
- Board decision to raise Tier II capital through issuing Zero-Coupon Bond
(Cont. news of IFIC): To issue the above mentioned Bond, the Board of Directors of the company has also decided to withdraw the previous proposal for issuance of IFIC Bank Non-Convertible Coupon Bearing Subordinated Bond of BDT 5,000 million approved in its 836th meeting dated 25 August 2022. (end)
The first part of this announcement is missing from the archive. - Appointment of Managing Director
The Company has informed that Mr. Syed Mansur Mustafa has been appointed as the Managing Director of the Company with effect from June 02, 2024.
- Buy Confirmation of a Nominated Director
Mr. Ahmed Shayan Fazlur Rahman has informed that he has completed his buying of 38,535,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. as per declaration disseminated on 27.05.2024.
- Buy Declaration of a Nominated Director
Mr. Ahmed Shayan Fazlur Rahman, who represents M/s New Dacca Industries Limited, is the nominee Director of IFIC Bank PLC, has expressed his intention to buy 38,535,000 shares of the Company at prevailing market price (in the Public/Block Market) through Dhaka Stock Exchange PLC. within next 30 working days.
- Resumption after Record date
Trading of the shares of the company will resume on 27.05.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 26.05.2024.
- 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 21.05.2024 to 23.05.2024 and trading of the shares will remain suspended on record date i.e., 26.05.2024.
- BSEC consent for issuance of 5% stock dividend
Refer to their earlier news disseminated by DSE on 30.04.2024, the company has informed that the Bangladesh Securities and Exchange Commission (BSEC) has accorded its consent to increase Paid-up Capital of the company through issuance of 5% Stock Dividend for the year ended December 31, 2023.
- (Q1 Un-audited): Consolidated EPS was Tk. 0.22 for January-March 2024 as against Tk. 0.34 (restated) for January-March 2
(Q1 Un-audited): Consolidated EPS was Tk. 0.22 for January-March 2024 as against Tk. 0.34 (restated) for January-March 2023. Consolidated NOCFPS was Tk. 3.16 for January-March 2024 as against Tk. (2.97) (restated) for January-March 2023. Consolidated NAV per share was Tk. 19.96 as on March 31, 2024 and Tk. 18.70 (restated) as on March 31, 2023. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q1 Financials
(Cont. news of IFIC): EPS as of Q1 Y2024 is lower compared to Q1 Y2023 due to lesser profit of the subsidiaries compared to corresponding period of Y2023. NOCFPS as of Q1 Y2024 has improved compared to Q1 Y2023 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 May 07, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- The Board of Directors has recommended 5\% stock dividend for the year ended December 31, 2023. The proposed Bonus share
The Board of Directors has recommended 5\% stock dividend for the year ended December 31, 2023. The proposed Bonus share is subject to approval from BSEC. Date of AGM: 27.06.2024, Time: 11:00 AM, Venue: Hybrid Platform. For in presence: Officers\' Club, 26, Bailey Road, Ramna, Dhaka-1000. For online participation: https://ificbank.bdvirtualagm.com. Record Date: 26.05.2024. (cont.1)
- (Continuation news of IFIC): The Company has also reported Consolidated EPS of Tk. 1.64, Consolidated NAV per share of T
(Continuation news of IFIC): The Company has also reported Consolidated EPS of Tk. 1.64, Consolidated NAV per share of Tk. 19.73 and Consolidated NOCFPS of Tk. 3.53 for the year ended December 31, 2023 as against Tk. 1.88 (restated), Tk. 18.36 (restated) and Tk. 1.25 (restated) respectively for the year ended December 31, 2022. NOCFPS of the Bank as of Y2023 is higher compared to Y2022 due to higher deposit growth. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of IFIC): The Company also informed that i) Stock Dividend has been recommended to meet regulatory re
(Continuation news of IFIC): The Company also informed that i) Stock Dividend has been recommended to meet regulatory requirements for strengthening the capital base of the Bank 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 (cont.3)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of IFIC): 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 (30.04.2024) following its corporate declaration.
- Change of Board Meeting Time 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 be held on April 29, 2024 at 8:00 PM instead of 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- The company has informed that the Share Purchase Agreement dated 13 February 2022 executed between International Finance
The company has informed that the Share Purchase Agreement dated 13 February 2022 executed between International Finance Investment and Commercial Bank Limited (now IFIC Bank PLC) as Seller and Ms. Sarika Chaudhary as Purchaser for sale of shares of Nabil Bank Limited (Nepal Bangladesh Bank Limited is merged with Nabil Bank Limited, Nepal) held and owned by IFIC Bank PLC is terminated. Share sale could not be effected as Nepal Rastra Bank did not grant permission within (cont.)
- Regarding termination of Share Purchase Agreement
(Continuation news of IFIC): the stipulated time. Considering above mentioned issue, IFIC Bank PLC shall continue as promoter shareholder of Nabil Bank Limited, Nepal. (end)
The first part of this announcement is missing from the archive. - 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 29, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.