trending Market Intelligence /marketintelligence/en/news-insights/trending/ipuwxiyrb3kh1sxyrolxng2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Bangladesh's City Bank to inject 1.3B taka into brokerage unit

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Bangladesh's City Bank to inject 1.3B taka into brokerage unit

Bangladesh-based City Bank Ltd. plans to inject 1.3 billion taka into unit City Brokerage Ltd. through a share subscription.

The bank will buy 130 million City Brokerage shares at 10 taka apiece, according to a Sept. 6 filing. The unit's current paid-up capital is 3.40 billion taka, The Daily Star reported. The capital injection will help expand the unit's business capacity, said City Bank CFO Md Mahbubur Rahman.

The capital injection is subject to regulatory approval by Bangladesh Bank and the Bangladesh Securities and Exchange Commission, the bank executive added.

As of Sept. 6, US$1 was equivalent to 83.75 Bangladeshi taka.