Standard Islami Bank PLC. announcements
617 Dhaka Stock Exchange announcements for Standard Islami Bank PLC. (STANDBANKL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (30).
- BSEC's consent regarding issuance of 4th Subordinated Bond
Refer to the earlier news disseminated by DSE on 29.10.2024, the company has further informed that Bangladesh Securities and Exchange Commission (BSEC), vide their letter dated November 28, 2024 has accorded its consent for raising of Tier-II Capital by the company through issuance of Non-convertible fully redeemable unsecured floating rate Standard Bank 4th Sub-ordinated Bond of BDT 350 (Three Hundred and Fifty) Crore for the period of 7 (seven) years through Private Placement. (cont.1) (Cont. news of STANDBANKL): The purpose of the issue is to strengthen the capital base of the Bank. The Information Memorandum (IM) of the above mentioned bond is available on the bank's website: www.stndardbankbd.com, arranger's website: www.ucb-investment.com and trustee's website: www.dbhfinance.com. (end) (Cont. news of STANDBANKL): Face value of the Bonds is BDT 5 (Five) Lac per bond and total 7000 Bonds to be issued. The consent has been accorded under the provisions of the Bangladesh Securities and Exchange Commission (Debt Securities) Rules, 2021 and adherence to the conditions imposed by BSEC under Section- 2CC of the Securities and Exchange Ordinance, 1969. (cont.2)
- Confirmation of Share Transfer by a Director
Mr. Md. Zahedul Hoque, a Director of the company, has further informed that he has completed his transfer of 14,950,000 shares of the company to his son Mr. Md. Lafizul Hoque as per the declaration disseminated by DSE on 29.10.2024.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.17 for July-September 2024 as against Tk. 0.15 (restated) for July-September 2023; Consolidated EPS was Tk. 0.48 for January-September 2024 as against Tk. 0.28 (restated) for January-September 2023. Consolidated NOCFPS was Tk. 1.38 for January-September 2024 as against Tk. 2.23 (restated) for January-September 2023. Consolidated NAV per share was Tk. 16.75 as on September 30, 2024 and Tk. 16.51 (restated) as on December 31, 2023.
- Appointment of Company Secretary
The Company has informed that the Mr. Md. Mizanur Rahman, FCS, Senior Vice President of the company will act as Company Secretary of the company with effect from 31.10.2024.
- BSEC declines application regarding 4th Subordinated Bond
The company has informed that Bangladesh Securities and Exchange Commission is not in a position to approve the application of the bank for issuance of 'Unsecured, Non-convertible, Fully Redeemable, Floating Rate Standard Bank 4th Subordinated Bond for BDT 350 Crore'. However, the company has decided to appeal to the Commission for further review and reconsideration for issuing the bond.
- Declaration of Share Transfer by a Director
Mr. Md. Zahedul Hoque, a Director of the company, has expressed his intention to transfer a total of 14,950,000 shares of the company to his son Mr. Md. Lafizul Hoque (General Shareholder of the company) by way of gift outside the trading system of the Exchange within October 31, 2024 with effect from October 28, 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 October 31, 2024 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Regarding Company Secretary (Acting)
The company has informed that Mr. Md. Siddiqur Rahman, Deputy Managing Director and Chief Operating Officer of the company will act as Company Secretary (Acting) until joining of new company secretary.
- Corrigendum of PSI regarding Standard Bank 4th Subordinated Bond
Refer to their earlier news disseminated by DSE on 02.05.2024 regarding issuance of Standard Bank Coupon bearing non-convertible fully redeemable unsecured 4th Subordinated Bond, the company has further informed that Bangladesh Bank vide a letter dated August 12, 2024, has issued their No Objection Certificate (NOC) for BDT 350 Crore, instead of originally requested BDT 1,000 Crore. All other details of the proposed bond, including its purpose, terms, and conditions will remain unchanged.
- 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, 2023.
- Election of Chairman
The company has informed that the Board of Directors has elected Mr. Mohammed Abdul Aziz as the Chairman of the Board of Directors of the company.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.17 for April-June 2024 as against Tk. 0.06 for April-June 2023; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.17 for April-June 2024 as against Tk. 0.06 for April-June 2023; Consolidated EPS was Tk. 0.32 for January-June 2024 as against Tk. 0.13 for January-June 2023; Consolidated NOCFPS was Tk. 8.94 for January-June 2024 as against Tk. (0.75) for January-June 2023. Consolidated NAV per share was Tk. 17.00 as on June 30, 2024 and Tk. 16.15 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of STANDBANKL): Reasons for deviation in NOCFPS: NOCFPS has been increased compare to the same period of last year due to increase in deposit, placement from banks and financial institution, other operating income, fee, commission and other income receipts, profit on investment and decrease in operating expenses. (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 27, 2024 at 11:30 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Credit Rating Result
National Credit Ratings Limited has assigned the initial entity rating of the Company as "AA+" in the long term and "ST-2" in the short term along with Stable outlook based on audited financial statements as on December 31, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 12.06.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 11.06.2024.
- 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 with cum benefit from 09.06.2024 to 10.06.2024 and trading of the shares will remain suspended on record date i.e., 11.06.2024.
- BSEC consent for issuance of 2.50% stock dividend
Refer to their earlier news disseminated by DSE on 02.05.2024 regarding dividend declaration, the company has informed that BSEC has accorded its consent to the company for issuance of 2.50% Stock Dividend (Bonus Shares) for the year ended December 31, 2023.
- The Board of Directors of the Bank has accorded its approval for issuance of \"Standard Bank Coupon bearing non-converti
The Board of Directors of the Bank has accorded its approval for issuance of \"Standard Bank Coupon bearing non-convertible fully redeemable unsecured 4th Mudaraba Subordinated Bond\" for BDT 1,000 (One Thousand) Crore for the period of 07 (seven) years with floating rate (will fix up by regulators) under Tier-II Regulatory Capital through private placement in one or more tranches subject to the approval of the Regulatory Authorities in this regard. (cont.)
- The Board of Directors has recommended 2.50\% cash and 2.50\% stock dividend for the year ended December 31, 2023. The s
The Board of Directors has recommended 2.50\% cash and 2.50\% stock dividend for the year ended December 31, 2023. The stock dividend is subject to getting permission from BSEC. Date of AGM: 29.07.2024, Time: 11:00 AM, Venue: Hybrid System. Record Date: 11.06.2024. The Company has reported Consolidated EPS of Tk. 1.27, Consolidated NAV per share of Tk. 16.93 and Consolidated NOCFPS of Tk. 3.73 for the year ended December 31, 2023 as against Tk. 1.03 (cont.1)
- (Continuation news of STANDBANKL): Tk. 16.26 and Tk. (2.28) respectively for the year ended December 31, 2022. Disclosur
(Continuation news of STANDBANKL): Tk. 16.26 and Tk. (2.28) respectively for the year ended December 31, 2022. Disclosures on recommendation of stock dividend: i. The Bonus Share 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. (cont.2)
The first part of this announcement is missing from the archive. - Board approval for issuance of Mudaraba Subordinated Bond
(Continuation news of STANDBANKL): The purpose of the proposed Mudaraba Subordinated bond is to strengthen the capital base of the Bank in line with Basel-III requirements. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of STANDBANKL): ii. 2.50% stock dividend for the year 2023 has been declared in order to strengthen Tier-I capital base of the Bank as per Basel-III requirement for the coming year as well as to support the business growth and to reduce the ratio of Fixed Asset to Paid Up capital of the Bank as per regulatory requirement. iii. The Bonus share has been declared out of accumulated profit. (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 (02.05.2024) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.15 for January-March 2024 as against Tk. 0.07 for January-March 2023. Consolidated NOCFPS was Tk. (0.07) for January-March 2024 as against Tk. (2.76) for January-March 2023. Consolidated NAV per share was Tk. 17.08 as on March 31, 2024 and Tk. 16.25 as on March 31, 2023.
- Consent of Bangladesh Bank for declaring dividend
The company has informed that Bangladesh Bank has given consent to the company for declaring dividend for the year ended December 31, 2023 in accordance with Bangladesh Bank's DOS Circular no 01 dated 07 February 2021.
- 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, 2024 at 02:45 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 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 April 30, 2024 at 02:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- Name Change of the Company
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Standard Bank PLC.' instead of 'Standard Bank Limited' with effect from January 09, 2024. 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.