Trust Bank PLC. announcements
332 Dhaka Stock Exchange announcements for Trust Bank PLC. (TRUSTBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (29).
- Regarding capital injection to Trust Axiata Digital Limited (TADL)
The company has informed that the Board of Directors, in its meeting held on 18 December 2024, has decided to inject BDT 312,500,000.00 (Taka Thirty One Crore Twenty Five Lac) only as fresh capital to Trust Axiata Digital Limited (TADL), a fully owned subsidiary company of Trust Bank PCL for the purpose of strengthening the capital base and expansion of business.
- BSEC's consent for issuance of TBL 7th Subordinated Bond
Refer to their earlier news disseminated by DSE on 19.06.2024 and 01.10.2024 regarding issuance of TBL Fully Redeemable Subordinated Bond, the company has further informed that Bangladesh Securities and Exchange Commission (BSEC) has accorded its consent to the company for raising of capital through issuance of Unsecurd, Non-Convertible, Redcemable, Floating Rate TBL 7th Subordinated Bond of BDT 4,500 million through private placement. (cont.1) (cont. news of TRUSTBANK): Face value and issue price: BDT 500,000 (Five Hundred Thousand) Per Bond; Rate of return: Reference Rate + Coupon Margin; Tenor: 7 years; Purpose: To strengthen Tier II capital of the Bank. (end) (cont. news of TRUSTBANK): The Key feature of the said issuance is as below (Particulars - Details): Name of the issue: TBL 7h Subordinated Bond; Type of instruments to be issued: Unsecured, Non-Convertible, Redeemable, Floating Rate Subordinated Bond; Number of securities and total size of the issue to be offered: Total Bonds (securities) to be issued: 9,000 nos., Total Issue Size: BDT 4,500,000,000.00 (Four Thousand Five Hundred Million Taka); (cont.3) (cont. news of TRUSTBANK): The consent has been accorded subject to compliance of relevant laws and regulatory requirements as per BSEC (Debt Scurities) Rules, 2021 and adherence to the conditions imposed by BSEC under Section- 2CC of the Securities and Exchange Ordinance, 1969. The purpose of the issue is to strengthen the capital base of the Bank. (cont.2)
- Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Trust Bank PLC.' instead of 'Trust Bank Limited' with effect from November 10, 2024. Other things (except name) will remain unchanged.
- Appointment of Company Secretary (Acting)
Mr. Unmesh Ray Himel has been appointed as Company Secretary (Acting) of the company with effect from October 31, 2024.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 1.33 for July-September 2024 as against Tk. 1.29 for July-September 2023; Consolidated EPS was Tk. 2.86 for January-September 2024 as against Tk. 2.78 for January-September 2023. Consolidated NOCFPS was Tk. 24.60 for January-September 2024 as against Tk. 24.56 for January-September 2023. Consolidated NAV per share was Tk. 26.67 as on September 30, 2024 and Tk. 23.59 as on September 30, 2023.
- 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 October 29, 2024 at 2:45 PM instead of October 30, 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.
- 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 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Change in value of TBL Fully Redeemable Subordinated Bond
Referring to their earlier news disseminated by DSE on 19.06.2024, the company has further informed that Bangladesh Bank has approved BDT 450 Crore instead of BDT 500 Crore which is duly notified to the Board of Directors of the Bank in its Board Meeting held on 30 September 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- 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.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.27 for April-June 2024 as against Tk. 1.32 for April-June 2023; Consolidated EPS was Tk. 1.65 for January-June 2024 as against Tk. 1.61 for January-June 2023. Consolidated NOCFPS was Tk. 24.14 for January-June 2024 as against Tk. 32.50 for January-June 2023. Consolidated NAV per share was Tk. 28.61 as on June 30, 2024 and Tk. 25.06 as on June 30, 2023.
- Appointment of Chairman
The company has informed that General Waker-Uz-Zaman, OSP, SGP, psc, has been appointed as Director as well as Chairman of the company.
- 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, 2024 at 02:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Appointment of Managing Director
The company has informed that Mr. Ahsan Zaman Chowdhury has been appointed as the Managing Director of the company with effect from July 10, 2024.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "AA1" in the long term and "ST-1" in the short term along with Stable outlook based on audited financial statements up to December 31, 2023, as well as other relevant quantitative and qualitative information up to the date of rating declaration.
- Decision to issue of TBL Fully Redeemable Subordinated Bond
The company has informed that the Board of Directors has approved issuance of TBL Fully Redeemable Non-Convertible Unsecured Subordinated Bond-VII worth BDT 500.00 Crore (Taka Five Hundred Crore) only to strengthen the capital base subject to approval of Regulatory Authorities.
- Resumption after Record date
Trading of the shares of the company will resume on 30.05.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 29.05.2024.
- 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 with cum benefit from 27.05.2024 to 28.05.2024 and trading of the shares will remain suspended on record date i.e., 29.05.2024.
- The Board of Directors has recommended 12\% Cash and 8\% Stock Dividend for the year ended December 31, 2023. Date of AG
The Board of Directors has recommended 12\% Cash and 8\% Stock Dividend for the year ended December 31, 2023. Date of AGM: 16.07.2024, Time: 11:00 AM. Venue: Digital Platform. Record Date: 29.05.2024. The Company has also reported Consolidated EPS of Tk. 4.97, Consolidated NAV per share of Tk. 27.24 and Consolidated NOCFPS of Tk. 10.64 for the year ended December 31, 2023 as against Tk. 3.41, Tk. 23.61 and Tk. 5.18 respectively for the year ended December 31, 2022. (cont.1)
- (Continuation news of TRUSTBANK): Disclosures regarding recommendation of Stock Dividend: (1) Bonus Shares have been rec
(Continuation news of TRUSTBANK): Disclosures regarding recommendation of Stock Dividend: (1) Bonus Shares have been recommended to strengthen the capital base of the Bank to support business growth; (2) Bonus shares are declared out of accumulated profit; (3) Bonus shares are not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Bank or through reducing paid up capital or through doing anything (cont.2)
The first part of this announcement is missing from the archive. - The Company has further informed that the Board of Directors has taken the following decisions (subject to approval from
The Company has further informed that the Board of Directors has taken the following decisions (subject to approval from the regulatory authorities and approval of the shareholders in the ensuing AGM as well as completion of necessary regulatory formalities): i) To change the registered name of the Bank from \'Trust Bank Limited\' to \'Trust Bank PLC.\' and subsequent amendments of relevant clauses of the Memorandum of Association (MOA) and Articles of Association AoA. (cont.1)
- (Continuation news of TRUSTBANK): ii) To increase Authorized Share Capital of the Bank from Tk. 10,000,000,000 (Taka One
(Continuation news of TRUSTBANK): ii) To increase Authorized Share Capital of the Bank from Tk. 10,000,000,000 (Taka One Thousand Crore) to Tk. 25,000,000,000 (Taka Two thousand five hundred crore) divided into 25,00,000,000 ordinary shares of Tk. 10.00 (Taka Ten) each. Reason for increasing Authorized Share Capital: To facilitate Bank\'s additional Paid Up Capital through Bonus Share which may be issued from time to time. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of TRUSTBANK): 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 (28.04.2024) following its corporate declaration.
- Regarding Name Change, Increase of Authorized Capital and Others
(Continuation news of TRUSTBANK): iii) The Board also approved the amendments in the MOA and AoA with the clauses related to Mode of Board Meeting and AGM/EGM, Notice period of AGM/EGM, Board Size and Remuneration of Directors in accordance with the Laws/regulations/circulars/guidelines of the regulators issued from time to time. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.38 for January-March 2024 as against Tk. 0.29 for January-March 2023. Consolidated NOCFPS was Tk. 7.67 for January-March 2024 as against Tk. (1.38) for January-March 2023. Consolidated NAV per share was Tk. 27.43 as on March 31, 2024 and Tk. 23.80 as on March 31, 2023.
- 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 10:00 AM 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 27, 2024 at 10:00 AM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.