Azam J Chowdhury to increase stake in Prime Bank
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
February 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
Azam J Chowdhury to increase stake in Prime Bank

Stocks

TBS Report
19 August, 2020, 09:30 pm
Last modified: 19 August, 2020, 09:38 pm

Related News

  • Prime Bank inks agreement with Bangladesh Bank to disburse loans to exporters
  • Prime Bank Foundation holds Education Support Programme (ESP) award giving ceremony
  • Prime Bank to hold award ceremony of 'Education Support Programme'
  • Premier Bank Limited signs agreement with Bangladesh Bank for participating in Tk5,000 crore refinancing scheme
  • Prime Bank donates to Prime Minister's Ashrayan Project-2

Azam J Chowdhury to increase stake in Prime Bank

The bank paid a 13.5% cash dividend to its shareholders for the 2019 financial year

TBS Report
19 August, 2020, 09:30 pm
Last modified: 19 August, 2020, 09:38 pm
File Photo: Rehman Asad/TBS
File Photo: Rehman Asad/TBS

Azam J Chowdhury, director of Prime Bank, wants to buy 7.50 lakh shares of the bank through the block market at the Dhaka Stock Exchange (DSE) within the next 30 days.

He intends to buy the shares at the prevailing market price. Azam is the former chairman of the bank, and his son Tanjil Chowdhury now serves as the bank's chairman. East Coast Shipping Lines Ltd is a corporate sponsor of the bank and holds a two percent share in it.

Azam J Chowdhury is on the board of Prime Bank as a director, nominated by the East Coast Shipping. The bank paid 13.5 percent cash dividend to its shareholders for the 2019 financial year.

Meanwhile, in the first half of this year, the bank posted a consolidated EPS of Tk0.48, which was 47 percent lower compared to the same period of the previous year.

The closing price of the bank's shares was Tk17.10 per share on Wednesday at the DSE; while the shares hit their highest, Tk19.90 each, within a year.

Prime Bank to support clients to recoup Covid-19 losses

Abdus Salam, one of the sponsor directors of the NCC Bank has announced it will buy 7.5 lakh shares through the public market at the DSE within the next 30 days. He intends to buy the shares at the prevailing market price.

The NCC Bank recommended 15 percent cash and two percent stock dividends to its shareholders for the 2019 financial year.

In the first half of this year, the bank posted a consolidated EPS of Tk1.19, which was five percent lower compared to the same period of the previous year. 

The closing price of the bank's shares was Tk13.4 per share on Wednesday at the DSE, while the shares hit their highest, Tk15 each, within a year.

Economy / Top News

Prime Bank / stake

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    FDI from US halves in January-June 2022
  • A woman reacts while embracing another person, near rubble following an earthquake in Hatay, Turkey, February 7, 2023. REUTERS/Umit Bektas
    Rescuers racing against time as earthquake death toll near 5,000 in Turkey, Syria
  • Photo: TBS
    BNP to hold march programmes in Dhaka on 9 and 12 February

MOST VIEWED

  • Pragati Life shares fall 9.99%
    Pragati Life shares fall 9.99%
  • Four firms miss deadlines to submit dividend reports
    Four firms miss deadlines to submit dividend reports
  • Load shedding, high operational costs eat into United Power's profit
    Load shedding, high operational costs eat into United Power's profit
  • File photo
    Baraka Power director to sell his entire holding
  • Oimex Electrode declares 1% cash dividend for shareholders
    Oimex Electrode declares 1% cash dividend for shareholders
  • How govt is losing dividend from six listed firms
    How govt is losing dividend from six listed firms

Related News

  • Prime Bank inks agreement with Bangladesh Bank to disburse loans to exporters
  • Prime Bank Foundation holds Education Support Programme (ESP) award giving ceremony
  • Prime Bank to hold award ceremony of 'Education Support Programme'
  • Premier Bank Limited signs agreement with Bangladesh Bank for participating in Tk5,000 crore refinancing scheme
  • Prime Bank donates to Prime Minister's Ashrayan Project-2

Features

Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

5h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

4h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

6h | Panorama
Photo: Collected

Get your partner a lovely present this Valentine's Day

1d | Brands

More Videos from TBS

Challenging time waiting for RMG

Challenging time waiting for RMG

3h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

3h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

3h | TBS SPORTS
Harry Kane sets two record in one goal

Harry Kane sets two record in one goal

3h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]