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Dhaka     Wednesday   16 June 2021

Investors increasing investment in banks

News Desk || risingbd.com

Published: 09:57, 29 October 2020   Update: 10:36, 29 October 2020
Investors increasing investment in banks

Recognised investors are increasing their investments in banks listed in the country's capital market.

Recognised investors increased their investment in banks by about 6 per cent in September as compared to last August.

Such information was revealed in the review of investment situation for the month of August-September.

Analysts say special funds of banks for investing in the capital market, low interest rates on deposits, coordination of the capital market regulator Bangladesh Securities and Exchange Commission (BSEC) with the central bank have created an investment-friendly environment in the market.

Sayedur Rahman, president of Bangladesh Merchant Bankers Association (BMBA), told risingbd that there is no liquidity crisis in the capital market. There is a positive scenario in the market since the central bank's circular on creating special funds for banks to invest in the capital market. Recognised investors are increasing their investment in the continuation of which. He hopes that investment will increase in the future.

Recognised investors have also increased their investments in banks including Al Arafah Islami Bank, Bank Asia, BRAC Bank, Citi Bank, Eastern Bank, Exim Bank, First Security Islami Bank, Jamuna Bank, Mercantile Bank, Mutual Trust Bank (MTB), National Bank. , NCC Bank, Premier Bank, Prime Bank, Rupali Bank, Shahjalal Islami Bank, South East Bank and Standard Bank Limited.

Meanwhile, the banks in which investors have reduced their investments are: Trust Bank, UCB, Social Islami Bank, Pubali Bank, ICB Islamic Bank, IFIC Bank, Islami Bank, AB Bank, Dhaka Bank, Dutch Bangla Bank Limited.