Rupali Bank PLC. announcements
383 Dhaka Stock Exchange announcements for Rupali Bank PLC. (RUPALIBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (31).
- The company has informed that Bangladesh Securities and Exchange Commission (BSEC) has given its consent to the Company
The company has informed that Bangladesh Securities and Exchange Commission (BSEC) has given its consent to the Company for issuance of the Bond of Tk. 1200.00 crore Unsecured, Non-convertible, Fully Redeemable, Floating rate, Subordinated Bond for 7 years as part of regulatory capital of which coupon rate will be reference rate + 2\% Coupon Margin. Per unit price of the Bond is Tk. 1,00,00,000.00. This Bond will be issued to the institutional and individual investors through private placement.
- Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Co
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be \'Rupali Bank PLC.\' instead of \'Rupali Bank Limited\' with effect from December 21, 2023. Other things (except name) will remain unchanged.
- Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to \"AA+\" (Pronounced as \'Double A Plus\'
Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to \"AA+\" (Pronounced as \'Double A Plus\') and affirmed \"ST-1\" short term credit rating with a Stable outlook to the company as a government supported entity. However, as a commercial bank without government support, ECRL has affirmed \"A-\" (Pronounced as \'A Minus\') long term credit rating and \"ST-3\" short term credit rating with a Developing outlook to the company. (cont.)
- (Continuation news of RUPALIBANK): The ratings are based on audited financial statements of FY2019-2022, unaudited finan
(Continuation news of RUPALIBANK): The ratings are based on audited financial statements of FY2019-2022, unaudited financial statements as at June 30, 2023, and other available quantitative and qualitative information up to the date of rating declaration. (end)
The first part of this announcement is missing from the archive. - (Q3 Un-audited): Consolidated EPS was Tk. 0.13 for July-September 2023 as against Tk. (0.08) (restated) for July-Septemb
(Q3 Un-audited): Consolidated EPS was Tk. 0.13 for July-September 2023 as against Tk. (0.08) (restated) for July-September 2022; Consolidated EPS was Tk. 0.93 for January-September 2023 as against Tk. 0.20 (restated) for January-September 2022. Consolidated NOCFPS was Tk. 116.54 for January-September 2023 as against Tk. (69.58) (restated) for January-September 2022. Consolidated NAV per share was Tk. 36.93 as on September 30, 2023 and Tk. 36.10 (restated) as on December 31, 2022. (cont.)
- (Q3 Un-audited): The company has also informed that Consolidated Diluted EPS (considering share money deposit) was Tk. 0
(Q3 Un-audited): The company has also informed that Consolidated Diluted EPS (considering share money deposit) was Tk. 0.05 for July-September 2023 as against Tk. (0.03) for July-September 2022; Consolidated Diluted EPS (considering share money deposit) was Tk. 0.38 for January-September 2023 as against Tk. 0.08 for January-September 2022. Consolidated Diluted NOCFPS (considering share money deposit) was Tk. 47.31 for January-September 2023 as against (cont.)
- Q3 Financials
(Continuation news of RUPALIBANK): Reasons for deviation in EPS and NOCFPS: Period to period EPS increased due to increase in total operating income and decrease in total operating expenses. Period to period NOCFPS increased due to increase of deposits. (end)
The first part of this announcement is missing from the archive. - Q3 Financials (Additional Information)
(Continuation news of RUPALIBANK): Tk. (28.25) for January-September 2022. Consolidated Diluted NAV (considering share money deposit) per share was Tk. 14.99 as on September 30, 2023 and Tk. 14.66 as on December 31, 2022. (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, 2023 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.42 for April-June 2023 as against Tk. 0.07 (restated) for April-June 2022; C
(Q2 Un-audited): Consolidated EPS was Tk. 0.42 for April-June 2023 as against Tk. 0.07 (restated) for April-June 2022; Consolidated EPS was Tk. 0.79 for January-June 2023 as against Tk. 0.28 (restated) for January-June 2022. Consolidated NOCFPS was Tk. 118.21 for January-June 2023 as against Tk. 4.16 (restated) for January-June 2022. Consolidated NAV per share was Tk. 36.81 as on June 30, 2023 and Tk. 36.10 (restated) as on December 31, 2022. (cont.)
- Q2 Financials
(Continuation news of RUPALIBANK): Reasons for deviation in EPS and NOCFPS: EPS has been increased due to increase in total operating income and decrease in total operating expenses. NOCFPS has been increased due to increase of 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 31, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Query Response
In response to a DSE query dated July 16, 2023, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Bangladesh Bank's NOC to issue Subordinated Bond
The company has informed that the Board of Directors agreed on issuance of Unsecured, Non-convertible, and Fully Redeemable Floating Rate Subordinated Bond amounting BDT 1,200.00 crore for 7 Years as part of Regulatory Capital on a meeting held on 07-11-2022, subject to receiving all regulatory approvals. In this regard, Bangladesh Bank has issued their NOC regarding the issuance of BDT 1,200.00 crore Unsecured, Non-convertible, and Fully Redeemable Floating Rate Subordinated Bond for 7 Years.
- Resumption after record date
Trading of the shares of the company will resume on 12.06.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 11.06.2023 for EGM and AGM.
- Spot for AGM and EGM
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 07.06.2023 to 08.06.2023 and trading of the shares will remain suspend on record date i.e., 11.06.2023 for AGM and EGM.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.38 for January-March 2023 as against Tk. 0.21 (Restated) for January-March 2022. Consolidated NOCFPS was Tk. (3.74) for January-March 2023 as against Tk. 3.80 (Restated) for January-March 2022. Consolidated NAV per share was Tk. 36.77 as on March 31, 2023 and Tk. 36.10 (Restated) as on December 31, 2022. Reasons for deviation in EPS and NOCFPS: EPS has increased due to increase in total operating income. NOCFPS has decreased due to increase of loans and advances.
- Decision to hold EGM
The company has informed that the Board of Directors decided to hold an EGM to take decision on the following issue: In accordance with the provisions of Section 11A of the Companies Act, 1994 (2nd amendment 2020), the company has proposed to change its name to 'Rupali Bank PLC' instead of 'Rupali Bank Ltd.' and to amend the relevant clauses of the Bank's Memorandum and Articles of Association. Date and time of EGM: July 26, 2023 at 10:30 AM, Venue: Digital Platform, Record date for EGM: June 11, 2023.
- 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 30, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The auditor of the Rupali Bank Ltd. has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year
The auditor of the Rupali Bank Ltd. has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended on 31 December 2022. \"Emphasis of Matter: Without qualifying our opinion we draw attention to the following matters: 01.Refernce to Note # 7.11 to the financial statements, the bank has narrated in form of disclosure the basis for measurement and recognition of provision required, (cont.1)
- (Continuation news of RUPALIBANK): maintained and the provision shortfall against loans and advances, other assets, inve
(Continuation news of RUPALIBANK): maintained and the provision shortfall against loans and advances, other assets, investments and off balance sheet exposures. As of the balance sheet date, the bank has a provision shortfall, for which the bank has obtained permission from Bangladesh Bank (through letter no: DOS (CAMS)1157/41 (dividend)/2023-2159 dated 27 April 2023) to defer the shortfall to recognize till finalization of the financial statements for the year 2023. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALIBANK): 02. No assets and liabilities have been recognized under Loans and Advance and Borrow
(Continuation news of RUPALIBANK): 02. No assets and liabilities have been recognized under Loans and Advance and Borrowing from Bangladesh Bank in the Balance Sheet of Rupali Bank Limited as on 31 December 2022 against the EDF Fund balance of BDT 352.98 crore (USD 3.33 Core @ BDT 106.00) with Bangladesh Bank. Moreover, instead of recognizing the same in the Balance Sheet as asset and liability and presenting in CL-3 the bank has recorded the same as Customer Liability (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALIBANK): for EDF in BDT 176.49 crore under Off Balance Sheet items as against the fund balance
(Continuation news of RUPALIBANK): for EDF in BDT 176.49 crore under Off Balance Sheet items as against the fund balance of BDT 352.98 crore with Bangladesh Bank. 03. Reference to Note # 13.09.02 to the financial statements, consequent upon time-to-time increase in the salary structure having monetary effect on retirement benefits, the Bank appointed AIR Consulting, an Actuarial Firm, for ascertainment of Bank\'s liability against Employees Pension Fund (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALIBANK): As per the last Actuarial valuation Report dated 15 January 2023 by the firm, the ban
(Continuation news of RUPALIBANK): As per the last Actuarial valuation Report dated 15 January 2023 by the firm, the bank is required to make a provision of Tk. 2,011.48 core as on 31 December 2021. However, the bank has disclosed the decision of their Board in this regard in the relevant note to the financial statements. 04. The company has not translated its unsettled foreign currency assets and liabilities at the exchange rate at the reporting date as per the requirements (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALIBANK): of Para 39 of Internatinal Accounting Standards (IAS) 21. As a result no foreign curr
(Continuation news of RUPALIBANK): of Para 39 of Internatinal Accounting Standards (IAS) 21. As a result no foreign currency transcation loss or gain arising out therefrom has been recognized in the financial statements as on 31 December 2022. 05. Refernce note # 14.04 and 14.05 to the financial statements, the Bank has reported the Capital to Risk-Weighted Assets Ratio. As per the BRPD Circular No. 18 dated 21 December 2014, the Bank has to maintain Minimum Total (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALIBANK): Capital plus Capital Conservation Buffer @ 12.50\% both in the cases of Solo and Cons
(Continuation news of RUPALIBANK): Capital plus Capital Conservation Buffer @ 12.50\% both in the cases of Solo and Consolidated basis. But, the Bank has maintained Minimum Total Capital 4.92\% and 4.99\% in the cases of Solo and Consolidated basis respectively. 06. Reference to Note 2.4 of the financial statements, the Bank is required to complete the formalities of issuance of shares within 360 days of receiving money for this purpose as per Guideline of Bangladesh Bank. (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALIBANK): Moreover, as per the circular no. 146 / FRC / SS /2020 / 251 dated 11 February 2020 b
(Continuation news of RUPALIBANK): Moreover, as per the circular no. 146 / FRC / SS /2020 / 251 dated 11 February 2020 by Financial Reporting Council, Finance Division, Ministry of Finance, GOB, Share Money Deposit has to be converted into Share Capital within six months. But, the bank has not yet converted the Share Money Deposit of BDT 679.99 crore into share capital.\" (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of RUPALIBANK): Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to increase in total operating expenditure and NOCFPS has been decreased due to increase in loans and advances. (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 (02.05.2023) 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 30, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.