National Bank PLC. announcements
433 Dhaka Stock Exchange announcements for National Bank PLC. (NBL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (24).
- Q3 earnings
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported consolidated net profit/(loss) after tax (excluding non-controlling interests) of Tk. 133.58 million with consolidated EPS of Tk. 0.09 as against Tk. (1,988.70) million and Tk. (1.27) respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non-controlling interests) was Tk. 1,327.43 million with consolidated EPS of Tk. 0.85 for the period of nine months (Jan'14 to Sep'14) ended on 30.09.2014 as against Tk. (3,856.20) million and Tk. (2.47) respectively for the same period of the previous year.
- H/Y Earnings
(H/Y): As per un-audited half yearly accounts as on 30.06.2014 (Jan'14 to June'14), the Company has reported consolidated net profit/(loss) after tax (excluding non-controlling interests) of Tk. 1,193.86 million with consolidated EPS of Tk. 0.76 as against Tk. (1,867.50) million and Tk. (1.20) respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non-controlling interests) was Tk. 837.25 million with consolidated EPS of Tk. 0.54 for the period of 3 months (Apr'14 to June'14) ended on 30.06.2014 as against Tk. (1,724.62) million and Tk. (1.10) respectively for the same period of the previous year
- placed in A category
The Company will be placed in "A" category from existing "B" category with effect from June 25, 2014 as the Company reported disbursement of 10% stock dividend for the year ended on December 31, 2013.
- credited the bonus shares
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2013 to the respective shareholders' BO Accounts on June 22, 2014.
- Credit Rating
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA-" in the long term and "ST-2" in the short term in consideration of financials of the Company up to 31st December 2013 (audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Emphasis of Matter
During the year the executive committee of the board in its 460th meeting decided to change the policy of presentation of secondary portfolio at its book value instead of market value and keep provision for any loss on revaluation. As per previous policy a sum of Tk. 87.18 crore is required to be charged to expenditure and reduced the book value to the extent. As disclosed in note # 7.4.1 and 2.6.3 to the financial statements, there is loss of revaluation of secondary portfolio of Tk. 87.18 crore as on December 2013. Bangladesh Bank vide letter no. DOS(SR)1153/161/2014-37 dated 04.02.2014 has approved for deferral of provision and to keep Tk. 5.00 crore in 2013 and the rest of Tk. 82.18 crore will be made within 2014 on quarterly basis. 3. During the year 14 parties having outstanding of Tk. 1,193.66 crore have been rescheduled and realized down payment of Tk. 22.99 crore under BRPD circular # 15 dated 23 December 2013 along with NOC from Bangladesh Bank. The total loan amount is backed by collateral security of Tk. 462.74 crore. During the year 2013, the bank has charged to its profit and loss account by Tk. 301.00 crore under the expenditure head "Charges on Loan Loss" to write off some advances in terms of Bangladesh Bank BRPD Circular 02 dated 13.01.2003. Note 13.5 states: Provision for gratuity We have maintained provision for gratuity as per the approved schedule of Bangladesh Bank vide its letter no. DBI-1(Private)/82/2008-257 dated 20/02/08. As per approval of Bangladesh Bank no amount was disbursed from the fund account and accumulated interest has increased the fund position. The fund account is administered by a board of trustee consisting of four (4) members. Total fund balance as on December 2013 stood Tk. 60.95 crore considering contribution to be made for the year 2013 against which fund liability stood on the same date was Tk. 86.05 crore. We have applied to Bangladesh Bank vide letter no. NBL/FAD/2014 dated 20 February 2014 to continue to the current practice i.e. payment to the outgoing members by debiting the bank account and no provision will be made till 2016 and interest earned on such fund will be accumulated so that the fund balance stood at a reasonable position to pay the outgoing members. Bangladesh Bank vide letter DBI-1(DGM-4)/82 /2014-689 dated 18.03.2014 has approved for keeping shortfall of provision by 2016 equally. Note 7.4.1 states: sector-wise investment in quoted shares There was loss on revaluation of secondary portfolio of Tk. 87.17 crore as on December 2013. Bangladesh Bank vide letter No. DOS(SR)1153/161/2014-37 dated 04.02.2014 has approved for deferral of provision and to keep Tk. 5.00 crore in 2013 and rest of Tk. 82.18 crore will be made in 2014 on quarterly basis. Note 2.6.3 states: Investment Investments are classified broadly in three categories and accounted for as under. (a) Held to maturity Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities that the NBL's management has the intention and ability to hold to maturity. If the bank were to sell other than an insignificant amount of held-to-maturity assets, the entire category would be reclassified as available for sale. Held for trading Investments classified in this category are acquired principally for the purpose of selling or repurchasing in short trading or if designed as such by the management, after initial recognition, investments are measured at fair value and changes are recognised in the profit and loss account or revaluation reserve account as expense/income for the period as per provision of Bangladesh Bank circulars and BAS 39 "Financial Instruments: Recognition and Measurement." (c) Sale and repurchase agreement Securities sold under re-purchase agreement (REPO) at a fixed price on future date, the arrangement is accounted for as normal sell (outright sell) and the securities should be derecognised from the books. Value of investment has been determined as follow: Items Applicable accounting value Government treasury bill (HTM) At present value Government treasury bill (HFT) At market value Bangladesh govt. treasury bond At present value Prize bond At cost BHBFC-Debenture Face value Investment in shares Book value During the year the executive committee of the board in its 460th meeting decided to change the policy of presentation of secondary portfolio at its book value instead of market value and keep provision for any loss on revaluation. As per previous policy a sum of Tk. 87.18 crore is required to be charged to expenditure and reduced the book value to the extent.
- (Emphasis of Matter): The auditor of the company has reported "Emphasis of Matter" in the opinion in the audit report of
(Emphasis of Matter): The auditor of the company has reported "Emphasis of Matter" in the opinion in the audit report of the company for the year ended on 31 December 2013: "Emphasis of Matter" We draw attention to the following matters, though our opinion is not qualified in respect of the same:1. As disclosed in note # 13.5 to the financial statements Tk. 5 crore has been maintained as a gratuity provision where gratuity provision is required Tk. 30.10 crore on the basis of NBL calculation. As a result, Tk. 25.10 crore is shortfall against gratuity provision which is permitted by Bangladesh Bank vide letter # DBI-1(DGM-4)/82/2014-689, dated 18.03.2014 to be made within the year 2016. (cont.-1)
- (continuation of news of NBL): 2. As disclosed in note # 7.4.1 and 2.6.3 to the financial statements, there is loss of r
(continuation of news of NBL): 2. As disclosed in note # 7.4.1 and 2.6.3 to the financial statements, there is loss of revaluation of secondary portfolio of Tk. 87.18 crore as on December 2013. Bangladesh Bank vide letter no. DOS(SR)1153/161/2014-37 dated 04.02.2014 has approved for deferral of provision and to keep Tk. 5.00 crore in 2013 and the rest of Tk. 82.18 crore will be made within 2014 on quarterly basis. 3. During the year 14 parties having outstanding of Tk. 1,193.66 crore have been rescheduled and realized down payment of Tk. 22.99 crore under BRPD circular # 15 dated 23 December 2013 along with NOC from Bangladesh Bank. The total loan amount is backed by collateral security of Tk. 462.74 crore. (cont.-2)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): 4. During the year 2013, the bank has charged to its profit and loss account by Tk. 301.0
(continuation of news of NBL): 4. During the year 2013, the bank has charged to its profit and loss account by Tk. 301.00 crore under the expenditure head "Charges on Loan Loss" to write off some advances in terms of Bangladesh Bank BRPD Circular 02 dated 13.01.2003.Note 13.5 states: Provision for gratuityWe have maintained provision for gratuity as per the approved schedule of Bangladesh Bank vide its letter no. DBI-1(Private)/82/2008-257 dated 20/02/08. As per approval of Bangladesh Bank no amount was disbursed from the fund account and accumulated interest has increased the fund position. (cont.-3)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): The fund account is administered by a board of trustee consisting of four (4) members. To
(continuation of news of NBL): The fund account is administered by a board of trustee consisting of four (4) members. Total fund balance as on December 2013 stood Tk. 60.95 crore considering contribution to be made for the year 2013 against which fund liability stood on the same date was Tk. 86.05 crore. We have applied to Bangladesh Bank vide letter no. NBL/FAD/2014 dated 20 February 2014 (cont.-4)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): to continue to the current practice i.e. payment to the outgoing members by debiting the
(continuation of news of NBL): to continue to the current practice i.e. payment to the outgoing members by debiting the bank account and no provision will be made till 2016 and interest earned on such fund will be accumulated so that the fund balance stood at a reasonable position to pay the outgoing members. Bangladesh Bank vide letter DBI-1(DGM-4)/82 /2014-689 dated 18.03.2014 has approved for keeping shortfall of provision by 2016 equally. Note 7.4.1 states: sector-wise investment in quoted sharesThere was loss on revaluation of secondary portfolio of Tk. 87.17 crore as on December 2013. (cont.-5)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): Bangladesh Bank vide letter No. DOS(SR)1153/161/2014-37 dated 04.02.2014 has approved for
(continuation of news of NBL): Bangladesh Bank vide letter No. DOS(SR)1153/161/2014-37 dated 04.02.2014 has approved for deferral of provision and to keep Tk. 5.00 crore in 2013 and rest of Tk. 82.18 crore will be made in 2014 on quarterly basis.Note 2.6.3 states: InvestmentInvestments are classified broadly in three categories and accounted for as under. (a) Held to maturityHeld-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities that the NBL's management has the intention and ability to hold to maturity. If the bank were to sell other than an insignificant amount of held-to-maturity assets, the entire category would be reclassified as available for sale. (cont.-6)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): (b) Held for trading Investments classified in this category are acquired principally for
(continuation of news of NBL): (b) Held for trading Investments classified in this category are acquired principally for the purpose of selling or repurchasing in short trading or if designed as such by the management, after initial recognition, investments are measured at fair value and changes are recognised in the profit and loss account or revaluation reserve account as expense/income for the period as per provision of Bangladesh Bank circulars and BAS 39 "Financial Instruments: Recognition and Measurement."(c) Sale and repurchase agreementSecurities sold under re-purchase agreement (REPO) at a fixed price on future date, the arrangement is accounted for as normal sell (outright sell) and the securities should be derecognised from the books. (cont.-7)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): Value of investment has been determined as follow:Items Applicable accounting valueGovern
(continuation of news of NBL): Value of investment has been determined as follow:Items Applicable accounting valueGovernment treasury bill (HTM) At present valueGovernment treasury bill (HFT) At market valueBangladesh govt. treasury bond At present valuePrize bond At costBHBFC-Debenture Face valueInvestment in shares Book valueForeign investment in share and FDR at rolling exchange rate on balance sheet date (cont.-8)
The first part of this announcement is missing from the archive. - (continuation of news of NBL): During the year the executive committee of the board in its 460th meeting decided to chan
(continuation of news of NBL): During the year the executive committee of the board in its 460th meeting decided to change the policy of presentation of secondary portfolio at its book value instead of market value and keep provision for any loss on revaluation. As per previous policy a sum of Tk. 87.18 crore is required to be charged to expenditure and reduced the book value to the extent. (End)
The first part of this announcement is missing from the archive. - (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Compan
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported consolidated net profit/(loss) after tax (excluding non-controlling interest) of Tk. 356.60 million with consolidated EPS of Tk. 0.25 as against Tk. (142.90) million and Tk. (0.10) respectively for the same period of the previous year. However, considering proposed bonus share @ 10% for the year 2013, consolidated restated basic EPS will be Tk. 0.23 as on 31.03.2014 and Tk. (0.09) as on 31.03.2013.
- Normal trading of the shares of the Company will resume on 11.05.2014 after record date.
Normal trading of the shares of the Company will resume on 11.05.2014 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 08.05.2014.
Trading of the shares of the Company will remain suspended on record date i.e., 08.05.2014.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 06.05.2014 to 07.05.2014. Trading of the shares of the Company will remain suspended on record date i.e., 08.05.2014.
- The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2013. Date of AGM: 15.06.20
The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2013. Date of AGM: 15.06.2014, Time: 11:00 AM, Venue: Radisson BLU Water Garden Hotel, Airport Road, Dhaka. Record date: 08.05.2014. The Company has also reported EPS of Tk. 1.49, NAV per share of Tk. 16.86 and NOCFPS of Tk. 10.97 for the year ended on December 31, 2013.
- There will be no price limit on the trading of the shares of the Company on 28.04.2014 following its corporate declarati
There will be no price limit on the trading of the shares of the Company on 28.04.2014 following its corporate declaration.
- As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will
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 27, 2014 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2013.
- The Company has informed that Mr. A K M Shafiqur Rahman has been appointed as Managing Director of the Company with effe
The Company has informed that Mr. A K M Shafiqur Rahman has been appointed as Managing Director of the Company with effect from 06.03.2014.
- The Company has informed that it has purchased floor space measuring 5,405 sft. at the 1st and 2nd floor with 2 Car Park
The Company has informed that it has purchased floor space measuring 5,405 sft. at the 1st and 2nd floor with 2 Car Parkings at the basement of the 'KB Aman Ali Tower', situated at 947 (30 old), Anderkilla, Chittagong at a price of Tk. 9,53,87,500.00 only.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.