MBL to remain closed for 5 days
Business Desk
All banking services of Mercantile Bank Limited will remain suspended from 1 to 5 October to upgrade its core banking software T-24 (from R-10 to R-19), duly approved by Bangladesh Bank.
During this period, all kinds of banking services including ATM booths, debit card services, internet banking, digital banking (MBL Rainbow), Islamic banking, and agent banking will remain suspended, said a press release.
However, credit and prepaid cardholders of Mercantile Bank can withdraw cash using other banks’ ATMs and can make payments at the merchant points.
Mobile Banking services (My Cash) will also remain active during this time.
Summit Power declares 35pc dividend
Business Desk
Summit Power Limited has recommended a 35% cash dividend for the year ended on June 30, 2021.
In a filing with Dhaka Stock Exchange on Monday, the company also reported consolidated earnings per share (EPS) of Tk5.25 and consolidated net asset value (NAV) per share of Tk34.45 for the year ended on June 30, 2021, as against Tk5.17 and Tk31.50 respectively for the same period of the previous year.
Summit Power also informed that no dividend has been declared out of the capital reserve account or revaluation reserve account or any unrealized gain.
The dividend was not declared out of profit earned prior to incorporation of the company or through reducing paid u- capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.
Dhaka Bank, SME Foundation ink deal
Business Desk
Dhaka Bank Limited has teamed up with the SME Foundation (SMEF) for providing loans to the Cottage, Micro, Small and Medium Enterprises (CMSMEs) under the Government’s Second phase of the stimulus package to help small businesses recover from the impact of the pandemic.
Dhaka Bank and SMEF have signed an agreement in this regard on September 16, at the Corporate Head Office of SME Foundation, Agargaon, Dhaka, according to a press release.
SME Foundation will provide Tk2 billion to the participating banks and non-bank financial institutions (NBFIs).
