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CSE news on ABBANK
2024-02-11: CSE's Query Reply
ABBNK: In response to a CSE query dated February 11, 2024 regarding the upward trend of its share price and volume, the company has informed that there is no undisclosed price sensitive information of the company which may cause such upward trend of the price and volume.
2023-12-03: Name Change of the Company
ABBANK: Chittagong Stock Exchange PLC (CSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be ''AB Bank PLC.'' instead of ''AB Bank Limited'' with effect from December 04, 2023. Other things (except name) will remain unchanged.
2023-11-01: Un-audited Financial Statement
ABBANK: (Quarter 3) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. 0.13 for July-September 2023 as against Tk. 0.11 for July-September 2022; Consolidated EPS was Tk. 0.55 for January-September 2023 as against Tk. 0.52 for January-September 2022. Consolidated NOCFPS was Tk. 9.01 for January-September 2023 as against Tk. (18.66) for January-September 2022. Consolidated NAV per share was Tk. 29.45 as on September 30, 2023 and Tk. 29.05 as on September 30, 2022. Reasons for deviation: EPS slightly increased mainly due to increase of Interest income/profit on investments. NOCFPS increased mainly due to the increase of customer deposits.
2023-10-23: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on October 31, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
2023-09-21: Board approval to issue Sub-ordinated Bond
ABBANK: AB Bank Limited has informed that the Board of the company, among others, in principle approved to issue BDT 500 (Taka five hundred) crore Tier-II equivalent Sub-ordinated Bonds, namely ''AB Bank Sub-ordinated Bonds-V'' subject to approval of Regulatory Authorities.
2023-08-21: Sale Intention
ABBANK: Hexagon Chemical Complex Limited, one of the Corporate Directors of AB Bank Limited, has reported its intention to sell 40,00,000 shares out of its holding of 2,40,52,848 shares of the Company at prevailing market price (in the Block Market) through Chittagong Stock Exchange PLC (CSE) within next 30 working days.
2023-08-06: Bonus Shares Credited
ABBANK: AB Bank Limited has informed that the Bonus Shares of the Company for the year ended on December 31, 2022 have already been credited through CDBL to the respective shareholders BO Accounts on August 06, 2023.
2023-07-25: Un-audited HY A/Cs
ABBANK:(Quarter 2) As per un-audited half yearly accounts of AB Bank Ltd., Consolidated EPS was Tk. 0.31 for April-June 2023 as against Tk. 0.23 for April-June 2022; Consolidated EPS was Tk. 0.43 for January-June 2023 as against Tk. 0.41 for January-June 2022. Consolidated NOCFPS was Tk. (1.99) for January-June 2023 as against Tk. 0.41 for January-June 2022. Consolidated NAV per share was Tk. 30.06 as on June 30, 2023 and Tk. 29.66 as on June 30, 2022.
2023-07-18: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on July 24, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
2023-06-13: Credit Rating
ABBANK: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of AB Bank Limited as ''AA-'' for long term and ''ST-2'' for short term in consideration of financials of the Company up to December 31, 2022 (audited), Q1FY23 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2023-05-30: Record Date tomorrow (31.05.2023)
ABBANK: Trading of the shares of AB Bank Limited will remain suspended on its record date i.e., 31.05.2023 for entitlement of 2% Stock Dividend. Trading of the shares of the Company will resume on 01.06.2023.
2023-05-28: Spot trade from tomorrow (29.05.2023)
ABBANK: Trading of the shares of AB Bank Limited will be allowed only in the Spot Market from 29.05.2023 to 30.05.2023 as the record date of the Company is on 31.05.2023 for entitlement of 2% Stock Dividend.
2023-05-23: BSEC's consent regarding 2% Stock Dividend
ABBANK: Refer to their earlier news disseminated by CSE on 02.05.2023 regarding recommendation of dividend declaration, AB Bank Limited has further informed that BSEC has accorded its consent for their declaration of 2% Stock Dividend for the year ended December 31, 2022. The record date for entitlement of the aforesaid Stock Dividend is May 31, 2023.
2023-05-22: Record Date tomorrow (23.05.2023)
ABBANK: Trading of the shares of AB Bank Limited will remain suspended on its record date i.e., 23.05.2023. Trading of the shares of the Company will resume on 24.05.2023.
2023-05-21: Regarding Consent of Stock Dividend from BSEC
ABBANK: Refer to their earlier news disseminated by CSE on 02.05.2023 regarding recommendation of dividend, AB Bank Limited has further informed that they have not received consent yet from BSEC against their declaration of 2% Stock dividend for the year ended December 31, 2022.
2023-05-18: Spot trade from 21.05.2023
ABBANK: Trading of the shares of AB Bank Limited will be allowed only in the Spot Market from 21.05.2023 to 22.05.2023 as the record date of the Company is on 23.05.2023.
2023-05-02: Un-audited Financial Statements
ABBANK: (Quarter 1) As per un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.13 for January-March 2023 as against Tk. 0.18 for January-March 2022. Consolidated NOCFPS was Tk. (18.42) for January-March 2023 as against Tk. (22.78) for January-March 2022. Consolidated NAV per share was Tk. 29.84 as on March 31, 2023 and Tk. 29.94 as on March 31, 2022.
2023-05-02: CB Free
ABBANK: Please note that there will be no price limit today 02.05.2023 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
2023-05-02: Cont2-Recommendation of Dividend
ABBANK(cont2):The Board has also decided to adopt the registered name of the Bank to 'AB Bank PLC' from 'AB Bank Limited' in accordance with the Companies Act, 1994 (amended in 2020) and to amend the related clauses of the Memorandum and Articles of Association of the Bank subject to approval of the regulatory authorities and the shareholders of the Bank in the 41st AGM.(end)
2023-05-02: Cont1-Recommendation of Dividend
ABBANK(cont1):Disclosures on recommendation of stock dividend: i) Stock Dividend has been recommended to increase the paid-up Capital of the Bank and the Retained amount will be used to strengthen the Capital base which will help the Bank to increase business capacity. ii) Stock Dividend is declared out of current year's profit. iii) Stock Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned 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 debit balance.(cont2)
2023-05-02: Recommendation of Dividend
ABBANK: The Board of Directors has recommended 2% stock dividend for the year ended December 31, 2022. The stock dividend is subject to approval from BSEC. Date of AGM: 08.07.2023, Time: 11:00 AM, Venue: Digital Platform. Record date: 23.05.2023. The Company has also reported Consolidated EPS of Tk. 0.83, Consolidated NAV per share of Tk. 29.92 and Consolidated NOCFPS of Tk. (19.50) for the year ended December 31, 2022 as against Tk. 0.83, Tk. 29.69 and Tk. 2.95 respectively for the year ended December 31, 2021.(cont1)
2023-05-02: Consent of Bangladesh Bank to declare dividend
ABBANK: AB Bank Limited has informed that Bangladesh Bank has given consent to the bank for declaring dividend for the year ended 31 December 2022 in accordance with the DOS Circular No. 01 dated 07 February 2021 of Bangladesh Bank.
2023-04-30: Reschedule of Board Meeting
ABBANK: AB Bank Ltd. has further informed that, the Board Meeting of the Company will be held on April 30, 2023 at 4:00 PM instead of April 29, 2023 at 12:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
2023-04-30: Reschedule of Board Meeting
ABBANK: AB Bank Ltd. has further informed that, the Board Meeting of the Company will be held on April 30, 2023 at 4:00 PM instead of April 29, 2023 at 12:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
2023-04-18: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on April 29, 2023 at 12:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
2023-04-18: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on April 29, 2023 at 12:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
2022-12-28: Credit Rating
ABBANK: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of AB Bank Limited as "AA-" for long term and "ST-2" for short term in consideration of financials of the Company up to December 31, 2021 (audited), Q3FY22 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2022-12-27: Credit Rating
ABBANK: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of AB Bank Limited as ''AA-'' for long term and ''ST-2'' for short term in consideration of financials of the Company up to December 31, 2021 (audited), Q3FY22 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2022-10-30: Un-audited Financial Statements
ABBANK: (Quarter 3) As per un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.12 for July-September 2022 as against Tk. 0.13 for July-September 2021; Consolidated EPS was Tk. 0.53 for January-September 2022 as against Tk. 0.43 for January-September 2021. Consolidated NOCFPS was Tk. (19.03) for January-September 2022 as against Tk. (17.32) for January-September 2021. Consolidated NAV per share was Tk. 29.63 as on September 30, 2022 and Tk. 30.18 as on September 30, 2021.
2022-10-24: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on October 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
2022-08-11: Cash Dividend Disbursement
ABBANK: AB Bank Limited has informed that it has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.
2022-08-04: Bonus Shares Credited
ABBANK: AB Bank Limited has informed that the Bonus Shares of the Company for the year ended on December 31, 2021 have already been credited through CDBL to the respective shareholders BO Accounts on August 03, 2022.
2022-08-03: Elected Chairman
ABBANK: AB Bank Limited has informed that the Board of Directors has elected Mr. Khairul Alam Choudhury as the Chairman of the Bank.
2022-07-25: Un-audited HY A/Cs
ABBANK:(Quarter 2) As per un-audited half yearly accounts of AB Bank Ltd., Consolidated EPS was Tk. 0.24 for April-June 2022 as against Tk. 0.16 for April-June 2021; Consolidated EPS was Tk. 0.42 for January-June 2022 as against Tk. 0.31 for January-June 2021. Consolidated NOCFPS was Tk. 0.42 for January-June 2022 as against Tk. (8.73) for January-June 2021. Consolidated NAV per share was Tk. 30.55 as on June 30, 2022 and Tk. 31.07 as on June 30, 2021. The Company also informed that EPS has increased mainly increase of interest income and commission, exchange & brokerage income. NOCFPS has increased compared to the same period of last year mainly for increase of deposit and disbursement of new loan.
2022-07-25: Extension of public offer subscription portion of Perpetual Bond
ABBANK: Extension of public offer subscription portion of perpetual bond of AB Bank Limited up to August 22, 2022: BSEC has extended the consent validity and subscription period of public offer portion of BDT 60.00 crore of transferrable, unsecured, non-cumulative, contingent-convertible perpetual bond of AB Bank Limited up to August 22, 2022.
2022-07-21: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on July 24, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
2022-06-08: Extension of consent validity and subscription period of Perpetual Bond
ABBANK: Refer to their earlier news disseminated by CSE on 24.11.2021 regarding approval of Perpetual Bonds, AB Bank Limited further informed that Bangladesh Securities and Exchange Commission (BSEC) has extended the consent validity and subscription period of public offer portion (BDT 60 crore) of Transferrable, Unsecured, Non-Cumulative, Contingent-Convertible Perpetual Bond of BDT 600 crore of AB Bank Limited up to August 22, 2022.
2022-06-01: Change of venue and time of AGM
ABBANK: AB Bank Ltd. has further informed that the 40th AGM of the Company will be held on July 06, 2022 at 12:30 PM virtually by using Digital Platform instead of earlier declared venue of Hybrid System and time of 11:30 AM. Other information of the AGM will remain unchanged.
2022-05-23: Record Date tomorrow 24.05.2022
ABBANK: Trading of the shares of AB Bank Limited will remain suspended on its record date i.e., 24.05.2022. Trading of the shares of the Company will resume on 25.05.2022.
2022-05-19: Spot trade from 22.05.2022
ABBANK: Trading of the shares of AB Bank Limited will be allowed only in the Spot Market from 22.05.2022 to 23.05.2022 as the record date of the Company is on 24.05.2022.
2022-04-27: Un-audited Financial Statements
ABBANK: (Quarter 1) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.18 for January-March 2022 as against Tk. 0.15 for January-March 2021; Consolidated NOCFPS was Tk. (23.46) for January-March 2022 as against Tk. (16.05) for January-March 2021. Consolidated NAV per share was Tk. 30.84 as on March 31, 2022 and Tk. 30.82 as on March 31, 2021.
2022-04-27: CB Free
ABBANK: Please note that there will be no price limit today 27.04.2022 on the trading of the shares of the Company following its corporate declaration.
2022-04-27: Cont-Recommendation of Dividend
ABBANK(cont):The Company also informed that i) Bonus shares have been declared to increase the paid-up Capital of the Company and the retained amount will be used to strengthen the Capital base which will help the Company to increase business capacity. ii) Bonus Shares is declared out of accumulated profit. iii) Bonus Shares 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. (end)
2022-04-27: Recommendation of Dividend
ABBANK: The Board of Directors has recommended 2% cash and 3% stock dividend for the year ended December 31, 2021. Date of AGM: 06.07.2022, Time: 11:30 AM, Venue: Hybrid system: Physical presence and by using Digital Platform. Meeting venue: Pan Pacific Sonargaon, Dhaka. Record date: 24.05.2022. The Company has also reported Consolidated EPS of Tk. 0.86, Consolidated NAV per share of Tk. 30.59 and Consolidated NOCFPS of Tk. 3.04 for the year ended December 31, 2021 as against Tk. 0.47, Tk. 30.72 and Tk. (4.39) respectively for the same period of the previous year.(cont)
2022-04-20: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on April 26, 2022 at 2:15 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2022.
2022-04-20: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on April 26, 2022 at 2:15 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
2021-12-30: Credit Rating
ABBANK: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of AB Bank Limited as "AA-" for long term and "ST-2" for short term in consideration of financials of the Company up to December 31, 2020 (audited), Q3FY21 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2021-12-29: Correction-Intimation of Transmission of shares
ABBANK(Correction): AB Bank Ltd. has informed that Mrs. Lutfunnessa Ahmed a Folio shareholder (General) of the company passed away on 26.08.2020. Her 2,56,694 shares out of holding 3,42,258 shares (Folio) will be transmitted to her successor Mr. Shajir Ahmed, one of the Nominated Directors of the company according to the Succession Certificate issued by the Honorable Court.
2021-12-29: Intimation of Transmission of shares
ABBANK: AB Bank Ltd. has informed that Mrs. Lutfunnessa Ahmed a Folio shareholder (General) of the company passed away on 26.08.2020. Her total holding of 3,42,258 shares will be transmitted to her successor Mr. Shajir Ahmed one of the Nominated Directors of the company according to the Succession Certificate issued by the Honorable Court.
2021-11-24: Approval of Perpetual Bonds
ABBANK: AB Bank Ltd. has informed that Bangladesh securities and Exchange Commission (BSEC) has accorded its consent to AB Bank Limited for raising Additional Tier-I (AT-l) capital through issuance of Transferrable, Unsecured, Non-Cumulative, Contingent-Convertible AB Bank Perpetual Bonds of BDT 600 crore of which BDT 540 crore through Private Placement and BDT 60 crore through Public Issue with a face value of BDT 1,000 each. Interest rate of the said bonds is 20-years Treasury-Bond rate plus 2.0% margin p.a. with a coupon floor rate of 6% p.a. and coupon ceiling rate of 10.0% p.a. The consent has been accorded subject to the compliance of relevant laws and regulatory requirements.
2021-10-31: Non approval of Rights Issuance by BSEC
ABBANK: BSEC has expressed its inability to approve the rights issue of AB Bank Limited as considering dividend payment history and present financial position.
2021-10-28: Un-audited Financial Statement
ABBANK: (Quarter 3) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.13 for July-September 2021 as against Tk. 0.11 for July-September 2020; Consolidated EPS was Tk. 0.44 for January-September 2021 as against Tk. 0.28 for January-September 2020. Consolidated NOCFPS was Tk. (17.84) for January-September 2021 as against Tk. (10.29) for January-September 2020. Consolidated NAV per share was Tk. 31.08 as on September 30, 2021 and Tk. 31.06 as on September 30, 2020.
2021-10-18: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on October 27, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
2021-08-02: Cont-Un-audited HY A/Cs
ABBANK(cont):Significant Deviation: i) Other operating income: During the period (Jan. 21-Jun. 21) other operating income has been increased significantly due to capital gain of BDT 5.46 crore from sale of motor vehicles. ii) Provision against Investment: Provision against Investment has been reversed BDT 10 crore due to rise in share price of investment in capital market. iii) NOCFPS: NOCFPS increased from T k. (33.71) to Tk. (9.63) for increasing of customer deposits BDT 1,770 crore in 2nd quarter ended June 30, 2021.(end)
2021-08-02: Un-audited HY A/Cs
ABBANK:(Quarter 2) As per un-audited half yearly accounts of AB Bank Ltd., Consolidated EPS was Tk. 0.16 for April-June 2021 as against Tk. 0.09 for April-June 2020; Consolidated EPS was Tk. 0.31 for January-June 2021 as against Tk. 0.17 for January-June 2020. Consolidated NOCFPS was Tk. (8.73) for January-June 2021 as against Tk. (33.38) for January-June 2020. Consolidated NAV per share was Tk. 31.07 as on June 30, 2021 and Tk. 28.84 as on June 30, 2020.(cont)
2021-07-26: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on July 31, 2021 at 11:30 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
2021-06-20: Bonus Shares Credited
ABBANK: AB Bank Limited has informed that the Bonus Shares of the Company for the year ended on December 31, 2020 have already been credited through CDBL to the respective shareholders BO Accounts on June 15, 2021.
2021-06-13: Shareholders approval of Right Share and Perpetual Bond in AGM
ABBANK: Refer to the earlier news disseminated by CSE on 30.05.2021 and 28.04.2021, AB Bank Ltd. has further informed that the shareholders of AB Bank Limited in its 39th AGM held on June 10, 2021 has approved the decision to issue Right Share and perpetual Bonds subject to approval of BSEC and other regulatory authorities.
2021-05-30: Issuance of Perpetual Bonds
ABBANK: Refer to the earlier news disseminated by CSE on 12.05.2021, AB Bank Ltd. has further informed that the Board of Directors has recommended for enhancement of Additional Tier- 1 Capital of the Bank through issuance of Non-convertible, Unsecured and Floating rated perpetual Bonds of BDT 600 crore in two segments - BDT 60 crore through Public issue and BDT 540 crore through private placement instead of earlier recommended BDT 500 crore through private placement subject to the approval of the Regulatory Authorities, approval of Shareholders and compliance of all formalities in this respect.
2021-05-18: Record Date tomorrow (19.05.2021)
ABBANK: Trading of the shares of AB Bank Limited will remain suspended on its record date i.e., 19.05.2021. Trading of the shares of the Company will resume on 20.05.2021.
2021-05-16: Spot trade from tomorrow (17.05.2021)
ABBANK: Trading of the shares of AB Bank Limited will be allowed only in the Spot Market from 17.05.2021 to 18.05.2021 as the record date of the Company is on 19.05.2021.
2021-05-12: Issuance of Perpetual Bonds
ABBANK: AB Bank Ltd. has informed that the Board of Directors has decided to enhancement of Additional Tier I Capital of the Bank through issuance of Non-Convertible, Unsecured and floating rated, perpetual Bonds of BDT 500.00 crore through Private Placement subject to the approval of the Regulatory Authorities and Compliance of all formalities in the respect.
2021-04-28: Un-audited Financial Statements
ABBANK: (Quarter 1) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.16 for January-March 2021 as against Tk. 0.08 for January-March 2020; Consolidated NOCFPS was Tk. (16.85) for January-March 2021 as against Tk. (31.95) for January-March 2020. Consolidated NAV per share was Tk. 32.36 as on March 31, 2021 and Tk. 31.72 as on March 31, 2020.
2021-04-28: CB Free
ABBANK: Please note that there will be no price limit today 28.04.2021 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2021-04-28: Cont-2 Recommendation of Dividend and issuance of Rights Shares
ABBANK:(Cont-2) ii) Bonus Shares are declared out of accumulated profit. iii) 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 Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.(end)
2021-04-28: Cont-1 Recommendation of Dividend and issuance of Rights Shares
ABBANK: (Cont-1) The Company has also reported Consolidated EPS of Tk. 0.50, Consolidated NAV per share of Tk. 32.26 and Consolidated NOCFPS of Tk. (4.61) for the year ended on December 31, 2020 as against Tk. 0.15, Tk. 31.69 and Tk. 35.99 respectively for the same period of the previous year. Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from BSEC. The Company also informed that i) Bonus Shares have been recommended to strengthen the capital base of the Company to support business growth and compliance of Bangladesh Bank on Dividend policy for Banks for the year 2020.(Cont-2)
2021-04-28: Recommendation of Dividend and issuance of Rights Shares
ABBANK: The Board of Directors has recommended 5% stock dividend for the year ended on December 31, 2020. The Board of Directors has also recommended for issuance of Rights share at a ratio of 1R:6 (1 Rights Share for existing 6 shares to be held) at an issue price of BDT 10.00 each (per share) after effecting stock dividend for the year ended on December 31, 2020 to be used for strengthening the equity Capital base of the Bank at a sustainable level subject to the approval of the shareholders, BSEC and other regulatory authorities. Date of AGM: 10.06.2021, Time: 4:00 PM, Venue: Digital Platform. Record date: 19.05.2021. (Cont-1)
2021-04-19: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on April 27, 2021 at 1:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
2021-04-19: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on April 27, 2021 at 1:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
2020-12-10: Credit Rating
ABBANK: ARGUS Credit Rating Services Limited (ACRSL) has announced the claim paying ability of AB Bank Limited as "AA-" for long term and "ST-2" for short term in consideration of financials of the Company up to December 31, 2019 (audited), Q3FY20 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2020-11-19: Address Change of Head Office
ABBANK: AB Bank Limited has informed that the Head Office of the Company has been shifted to the Skymark, 18 Gulshan Avenue, Gulshan- 1, Dhaka 1212 from November 15, 2020.
2020-11-01: Un-audited Financial Statements
ABBANK: (Quarter 3) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.11 for July-September 2020 as against Tk. 0.03 for July-September 2019; Consolidated EPS was Tk. 0.29 for January-September 2020 as against Tk. 0.18 for January-September 2019. Consolidated NOCFPS was Tk. (10.81) for January-September 2020 as against Tk. 31.11 for January-September 2019. Consolidated NAV per share was Tk. 31.06 as on September 30, 2020 and Tk. 30.17 as on September 30, 2019.
2020-10-20: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on October 29, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.
2020-09-09: Bonus Shares Credited
ABBANK: AB Bank Limited has informed that the Bonus Shares of the Company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders BO Accounts on September 07, 2020.
2020-09-06: Category Change
ABBANK: Please note that AB Bank Limited will be placed in ''B'' category from existing ''A'' category with effect from 06 September 2020 as the Company has approved 5% stock dividend for the year ended on December 31, 2019. As per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of ABBANK up to 30 trading days from 06 September 2020.
2020-09-02: Adjustment of Category as per BSEC Order
ABBANK: Pursuant to the BSEC Order no SEC/CMRRCD/2009-193/08 dated September 1, 2020 regarding re-definition of ''Z'' category companies and subsequent letter of BSEC no SEC/SRMIC/94-231/51-1 dated September 1, 2020 regarding necessary adjustment of category of the company in line with the provisions of Commission's Order, AB Bank Limited will be placed in ''A'' category from existing ''Z'' category with effect from today September 02, 2020. As per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of ABBANK up to 30 trading days from September 02, 2020.
2020-08-09: Record Date tomorrow (10.08.2020)
ABBANK: Trading of the shares of AB Bank Limited will remain suspended on its record date i.e., 10.08.2020. Trading of the shares of the Company will resume on 12.08.2020.
2020-07-26: Spot trade from tomorrow (27.07.2020)
ABBANK: Trading of the shares of AB Bank Limited will be allowed only in the Spot Market from 27.07.2020 to 09.08.2020 as the record date of the Company is on 10.08.2020.
2020-07-19: Reschedule Date of the AGM
ABBANK: AB Bank Limited has further informed that the 38th AGM will now be held on September 02, 2020 instead of September 22, 2020 at 4:00 PM. The AGM will be held virtually by using Digital Platform.
2020-07-19: Un-audited HY A/Cs
ABBANK:(Quarter 2) As per un-audited half yearly accounts of AB Bank Ltd., Consolidated EPS was Tk. 0.10 for April-June 2020 as against Tk. 0.05 for April-June 2019; Consolidated EPS was Tk. 0.19 for January-June 2020 as against Tk. 0.15 for January-June 2019. Consolidated NOCFPS was Tk. (36.81) for January-June 2020 as against Tk. 8.57 for January-June 2019. Consolidated NAV per share was Tk. 31.80 as on June 30, 2020 and Tk. 31.66 as on June 30, 2019.
2020-07-14: Reschedule of Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will now be held on July 16, 2020 at 03:00 PM instead of July 14, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.
2020-07-09: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on July 14, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.
2020-06-30: Un-audited Financial Statements
ABBANK: (Quarter 1) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.09 for January-March 2020 as against Tk. 0.10 for January-March 2019; Consolidated NOCFPS was Tk. (33.55) for January-March 2020 as against Tk. (5.68) for January-March 2019. Consolidated NAV per share was Tk. 31.72 as on March 31, 2020 and Tk. 31.60 as on March 31, 2019.
2020-06-30: CB Free
ABBANK: There will be no price limit on the trading of the shares of the Company today 30.06.2020 following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2020-06-30: Cont-Recommendation of Dividend
ABBANK(cont): The Company also informed that i) Bonus Shares have been recommended to strengthen the capital base of the Company to support business growth and compliance of Bangladesh Bank on Dividend policy for Banks for the year 2019. ii) Bonus Shares are declared out of accumulated profit. iii) 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 Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.(end)
2020-06-30: Recommendation of Dividend
ABBANK: The Board of Directors has recommended 5% stock dividend for the year ended on December 31, 2019. The Board has also approved to changes Article no: 121 of the Articles of Association of the Bank subject to approval from Bangladesh Bank and shareholder's approval in the AGM. Date of AGM: 22.09.2020, Time and Venue: will be notified later. Record date: 10.08.2020. The Company has also reported Consolidated EPS of Tk. 0.16, Consolidated NAV per share of Tk. 31.69 and Consolidated NOCFPS of Tk. 37.79 for the year ended on December 31, 2019 as against Tk. 0.06, Tk. 31.51 and Tk. (9.14) respectively for the same period of the previous year.(cont)
2020-06-23: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on June 29, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020.
2020-06-23: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on June 29, 2020 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2020-06-08: Disregard Rights share issuance
ABBANK: As per BSEC letter No. BSEC/CI/RI-109/2016/78 dated June 03, 2020, it was informed that reference to the letters of AB Bank Limited dated July 27, 2016 and February 15, 2018 regarding approval of issuance of right share. No further communication has been made and as such, there is no updated documents. In the above circumstances, the Commission is not in a position to consider the Company prayer for issuance of rights shares as applied for.
2020-03-25: Postponement of Board Meeting
ABBANK: AB Bank Limited has further informed that, due to unavoidable circumstances, the Board meeting of the Company, scheduled to be held on March 31, 2020 at 3:00 PM, to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019, has been postponed. New date and time of the meeting will be notified later on.
2020-03-19: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on March 31, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2019-12-22: Credit Rating
ABBANK: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of AB Bank Limited as "A+" for long term and "ST-2" for short term in consideration of financials of the Company up to December 31, 2018 (audited), Q3FY19 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2019-10-20: Q3 Financials Additional Information (Reason for Deviation in NOCFPS)
ABBANK: (Quarter 3) AB Bank Limited has further informed that the deposits of the Bank has increased by Tk. 3,473.09 crore, for that reason, Consolidated NOCFPS has become positive of Tk. 32.67 for January-September 2019, which was negative of Tk. (11.79) for January-September 2018.
2019-10-20: Un-audited Financial Statements
ABBANK: (Quarter 3) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.04 for July-September 2019 as against Tk. 0.01 for July-September 2018; Consolidated EPS was Tk. 0.19 for January-September 2019 as against Tk. 0.41 for January-September 2018. Consolidated NOCFPS was Tk. 32.67 for January-September 2019 as against Tk. (11.79) for January-September 2018. Consolidated NAV per share was Tk. 31.68 as on September 30, 2019 and Tk. 32.07 as on September 30, 2018.
2019-10-13: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on October 19, 2019 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2019.
2019-07-31: Un-audited HY A/Cs
ABBANK:(Quarter 2) As per un-audited half yearly accounts of AB Bank Ltd., Consolidated EPS was Tk. 0.05 for April-June 2019 as against Tk. 0.24 for April-June 2018; Consolidated EPS was Tk. 0.15 for January-June 2019 as against Tk. 0.39 for January-June 2018. Consolidated NOCFPS was Tk. 8.57 for January-June 2019 as against Tk. (10.90) for January-June 2018. Consolidated NAV per share was Tk. 31.66 as on June 30, 2019 and Tk. 32.02 as on June 30, 2018.
2019-07-28: Reschedule of Board Meeting
ABBANK: AB Bank Ltd. has further informed that the Board Meeting of the Company will now be held on July 30, 2019 at 3:00 PM instead of July 28, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.
2019-07-22: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on July 28, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.
2019-07-09: Appointment of President and Managing Director
ABBANK: AB Bank Limited has informed that Mr. Tarique Afzal has been appointed as the President and Managing Director of the Company with effect from July 08, 2019.
2019-05-28: Record Date tomorrow (29.05.2019)
ABBANK: Trading of the shares of AB Bank Limited will remain suspended on its record date i.e., 29.05.2019. Trading of the shares of the Company will resume on 30.05.2019.
2019-05-15: Spot trade from tomorrow (16.05.2019)
ABBANK: Trading of the shares of AB Bank Limited will be allowed only in the Spot Market from 16.05.2019 to 28.05.2019 as the record date of the Company is on 29.05.2019.
2019-01-13: Credit Rating
ABBANK: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of AB Bank Limited as "A2" in the long term and "ST-2" in the short term with a stable outlook based on audited financial statements of the Company up to September 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2018-12-17: President & Managing Director (Current Charge)
ABBANK: AB Bank Limited has informed that Mr. Tarique Afzal, Deputy Managing Director has been appointed as President & Managing Director (Current Charge) of the Bank with effect from December 12, 2018 in place of Mr. Sajjad Hussain, President & Managing Director (Current Charge) until further notice.
2018-10-31: Decision to issue fully redeemable non-convertible bond
ABBANK: AB Bank Limited has informed that the Board has decided to issue through issuance of fully redeemable non-convertible 7 years variable rated subordinated bonds (AB Bank Subordinated Bond-IV of Tk. 500.00 crore) where the interest will be payable semi-annually (7%-10.50% or as approved by the Regulators) through Private Placement, for enhancement of Tier-II capital, subject to approval from the concerned Regulatory Authorities.
2018-10-31: Un-audited Financial Statements
ABBANK: (Quarter 3) As per the un-audited financial statements of AB Bank Limited, Consolidated EPS was Tk. 0.01 for July-September, 2018 as against Tk. (0.15) for July-September, 2017; Consolidated EPS was Tk. 0.41 for January-September, 2018 as against Tk. 0.64 for January-September, 2017.Consolidated NOCFPS was Tk. (11.79) for January-September, 2018 as against Tk. (11.57) for January-September, 2017. Consolidated NAV per share was Tk. 32.07 as on September 30, 2018 and Tk. 32.28 as on September 30, 2017.
2018-10-25: Board Meeting
ABBANK: AB Bank Ltd. has informed that the Board Meeting of the Company will be held on October 30, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
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