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 2024 (31).
- Dividend declaration
Refer to the earlier news disseminated by DSE on 28.04.2024, the company has further informed that the Board of Directors of the company has recommended No Dividend for the year ended December 31, 2023. Date of AGM: 12.02.2025, Time: 11:45 AM. Venue: To be notified later on through the AGM notice. Record Date: 16.01.2025.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.12.2024) following its corporate declaration.
- Reschedule of 40th AGM for the year 2022
Refer to the earlier news disseminated by DSE on 20.12.2023, the company has further informed that the 40th AGM for the year 2022 has been rescheduled and will be held on February 12, 2025 at 11:00 AM. Venue: To be notified later on through the AGM notice.
- (Q3 Un-audited): Consolidated EPS was Tk. (2.17) for July-September 2024 as against Tk. (1.55) (Restated) for July-Septe
(Q3 Un-audited): Consolidated EPS was Tk. (2.17) for July-September 2024 as against Tk. (1.55) (Restated) for July-September 2023; Consolidated EPS was Tk. (5.49) for January-September 2024 as against Tk. (3.49) (Restated) for January-September 2023. Solo NOCFPS was Tk. (11.15) for January-September 2024 as against Tk. (1.53) for January-September 2023. Consolidated NAV per share was Tk. 1.86 as on September 30, 2024 and Tk. 7.30 as on December 31, 2023. (cont.)
- Q3 Financials
(Continuation news of NBL): Reasons for significant changes: During the period, bank could not book interest on loans and advances due to non-recovery from defaulters. Furthermore, the bank incurred higher interest expenses on deposits and borrowings. Consequently, the period concluded with an operating loss, with significant deviations observed in EPS, NOCFPS and NAVPS. (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, 2024 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Category Change
The Company will be placed in 'Z' category from existing 'B' category with effect from September 26, 2024 as per provision 1(a) of BSEC Directive No. BSEC/CMRRCD/2009-193/77, dated May 20, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of National Bank Ltd. with effect from September 26, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as "A-" 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, FY2023, other relevant quantitative as well as qualitative information up to the date of rating.
- (Q2 Un-audited): Consolidated EPS was Tk. (0.93) for April-June 2024 as against Tk. (0.98) (restated) for April-June 202
(Q2 Un-audited): Consolidated EPS was Tk. (0.93) for April-June 2024 as against Tk. (0.98) (restated) for April-June 2023; Consolidated EPS was Tk. (3.31) for January-June 2024 as against Tk. (1.95) (restated) for January-June 2023. NOCFPS was Tk. (7.95) for January-June 2024 as against Tk. (3.89) for January-June 2023. Consolidated NAV per share was Tk. 3.99 as on June 30, 2024 and Tk. 10.94 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of NBL): Reasons for deviation in EPS, NOCFPS and NAVPS: During the period, bank could not book interest on loans and advances due to non-recovery from defaulters. Furthermore, the bank incurred higher interest expenses on deposits and borrowings. Consequently, the period concluded with an operating loss, with significant deviations observed in EPS, NOCFPS and NAVPS. (end)
The first part of this announcement is missing from the archive. - Postponement of Board Meeting schedule under LR 16(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on July 23, 2024 at 2:30 PM as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024, has been postponed.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 30, 2024 at 02:30 PM instead of July 23, 2024 to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- 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 23, 2024 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- (Q1 Un-audited): Consolidated EPS was Tk. (2.38) for January-March 2024 as against Tk. (0.97) (restated) for January-Mar
(Q1 Un-audited): Consolidated EPS was Tk. (2.38) for January-March 2024 as against Tk. (0.97) (restated) for January-March 2023. Solo NOCFPS was Tk. (7.14) for January-March 2024 as against Tk. (2.27) for January-March 2023. Consolidated NAV per share was Tk. 4.92 as on March 31, 2024 and Tk. 11.92 as on March 31, 2023. Reason for significant changes: During the period, bank could not book interest on loans and advances due to non-recovery from defaulters. (cont.)
- Q1 Financials
(Cont. news of NBL): Furthermore, the bank incurred higher interest expenses on deposits & borrowings. Consequently, the period concluded with an operating loss, with significant deviations observed in EPS, Net Asset Value (NAV), and NOCFPS. Nevertheless, the new Board and the new Management are exerting maximum efforts to improve the financial health of the bank by streamlining recovery drives and mobilization of low cost 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 May 15, 2024 at 2:30 PM to consider, among others, financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- Refer to their earlier news disseminated by DSE on 28.04.2024 regarding adoption of audited financial statements for the
Refer to their earlier news disseminated by DSE on 28.04.2024 regarding adoption of audited financial statements for the year ended Dec 31, 2023, DSE issued a letter to the company on April 28, 2024, regarding non-compliance with adoption of annual audited financial statements of the company. In response to the query, the company has informed DSE, among others, the following: (cont.1)
- (Cont. news of NBL): \"For the interest of upholding and safeguarding the interest of the depositors, stakeholders and t
(Cont. news of NBL): \"For the interest of upholding and safeguarding the interest of the depositors, stakeholders and to ensure corporate governance in the banking sector, Bangladesh Bank at the recommendation of the Bangladesh Securities and Exchange Commission vide its Memo No: BRPD(BMMA) 651/9(2)DA/2023-11107 dated 21 December 2023 reconstituted the Board of Directors of National Bank Limited and appointed new members in the (cont.2)
The first part of this announcement is missing from the archive. - (Cont. news of NBL): Board of Directors of the Bank as section 15(4) of the Bank Companies Act, 1991 (as amended). The n
(Cont. news of NBL): Board of Directors of the Bank as section 15(4) of the Bank Companies Act, 1991 (as amended). The new members of the Board of Directors took over the office of Directors on 21 December 2023. The Bank could not hold its annual general meeting for the year ended December 31, 2022 due to stay order on holding of 40th AGM fixed to be held on 21.12.2023 vide (cont.3)
The first part of this announcement is missing from the archive. - (Cont. news of NBL): order dated 18th December 2023 passed by Hon\'ble High Court Division of the Supreme Court of Bangl
(Cont. news of NBL): order dated 18th December 2023 passed by Hon\'ble High Court Division of the Supreme Court of Bangladesh in Company Matter No. 827 of 2023. In the meantime, the statutory period of holding AGM from the date of preceding AGM has expired in view of section 82 of the Companies Act 1994 and therefore Bank would need to obtain condonation of delay from the Hon\'ble (cont.4)
The first part of this announcement is missing from the archive. - (Cont. news of NBL): High Court Division of the Supreme Court of Bangladesh in view of the relevant provisions of the Co
(Cont. news of NBL): High Court Division of the Supreme Court of Bangladesh in view of the relevant provisions of the Companies Act 1994. We are in the process of adopting necessary steps in this regard. Without fixing the date and agenda of the 40th AGM of the year ended 31st December 2022, the present Board of Directors could not determine the date and agenda for the successive AGM for the year ended on 31st December 2023. As such the present members of the Board of Directors could (cont.5)
The first part of this announcement is missing from the archive. - (Cont. news of NBL): not consider or adopt any resolution in the meeting of Board of Directors of National Bank Limited
(Cont. news of NBL): not consider or adopt any resolution in the meeting of Board of Directors of National Bank Limited held on April 27, 2024 with regard to fixing date and place of AGM and taking decisions/recommendations on dividend, appointment of auditors, appointment/reappointment of directors, etc. for the 41st AGM for the year ended 31st December 2023. We therefore could not disclose the required information regarding dividend, (cont.6)
The first part of this announcement is missing from the archive. - (Cont. news of NBL): AGM and record date in our letter no. B&CS-92/2024 dated April 27, 2024 in compliance with Regulati
(Cont. news of NBL): AGM and record date in our letter no. B&CS-92/2024 dated April 27, 2024 in compliance with Regulation 19(2) of the DSE (Listing) Regulations, 2015. We assure you that we respect the laws of Bangladesh and the rules and regulation of our regulatory authorities including Bangladesh Bank (cont.7)
The first part of this announcement is missing from the archive. - Response to DSE query regarding adoption of audited financial statements
(Cont. news of NBL): and Bangladesh Securities and Exchange Commission with utmost sincerity and we believe that our position explained above would be positively considered and relieve us from the alleged non-compliance of the aforesaid regulations. We would be highly obliged for your kind positive consideration." (end)
The first part of this announcement is missing from the archive. - The Board of Directors of the company has adopted the audited financial statements for the year ended December 31, 2023
The Board of Directors of the company has adopted the audited financial statements for the year ended December 31, 2023 and disclosed the following comparative position of the company: Consolidated EPS of Tk. (4.65), Consolidated NAV per share of Tk. 7.30 and Consolidated NOCFPS of Tk. (1.84) for the year ended December 31, 2023 as against Tk. (10.13) (restated), Tk. 13.00 and Tk. (17.21) respectively for the year ended December 31, 2022. (cont.1)
- (Cont. news of NBL): However, it is to be noted that the company has not provided any information regarding Dividend, AG
(Cont. news of NBL): However, it is to be noted that the company has not provided any information regarding Dividend, AGM and Record date which is non-compliance of the Dhaka Stock Exchange (Listing) Regualtions, 2015. Reason for significant changes: During the year, bank could not book interest on loans and advances due to non-recovery from defaulters. (cont.2)
The first part of this announcement is missing from the archive. - Adoption of Audited Financial Statements for the year ended Dec 31, 2023
(Cont. news of NBL): Furthermore, the bank incurred higher interest expenses on borrowings. Consequently, the year concluded with an operating loss, with significant deviations observed in EPS, Net Asset Value (NAV), and NOCFPS. Nevertheless, the new Board and the new Management are exerting maximum efforts to improve the financial health of the bank by streamlining recovery drives and mobilization of low cost deposits along with establishment of good corporate governance. (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 27, 2024 at 12:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- The company has informed that the existing Board of Directors of the company has been abolished by Bangladesh Bank with
The company has informed that the existing Board of Directors of the company has been abolished by Bangladesh Bank with the recommendation of the Bangladesh Securities and Exchange Commission (BSEC). The company has further informed that according to the letter of Bangladesh Bank ref. no. BRPD (BMMA) 651/9 (2) DA/2023-11107, dated December 21, 2023, the Board has been newly reconstituted and appointed the following individuals as the Board of Directors: (cont.)
- Regarding Reconstitution and Appointment of Board of Directors
(Continuation news of NBL): Dr. Syed Ferhat Anwar as Chairman and Independent Director; Mr. Md Serajul Islam as Independent Director; Mr. M. Kamal Hossain as Independent Director; Ms. Parveen Haque Sikder as Director; Mr. Khalilur Rahman as Director; Mr. Md. Shafiqur Rahman as Director and Mr. Moazzam Hossain as Director. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.