The bank says the board of directors has taken the following decisions: 1. Formation of a fully owned subsidiary company to conduct the activities as 'stock broker' and 'stock dealer' against the membership licences of Dhaka and Chittagong stock exchanges. 2. Construction of a 20-storey building with three basements measuring a total space of 2.36 lakh square feet at a cost of Tk 5,000 per square feet at the bank's own land in Kawranbazar, Dhaka.
Unaudited quarterly accounts for the third quarter to September 30 show the company has made profit after tax of Tk 25.23 million with EPS of Tk 28.03 against Tk 28.42 million and Tk 31.85 respectively for the same period of the previous year.
EBL 1ST MUTUAL FUND
On the close of operation on December 24, the fund has declared NAV of Tk 11.87 per unit at market price and Tk 10.79 per unit at cost price against face value of Tk 10. The fund's net assets stood at Tk 118.70 crore based on market price and Tk. 107.85 crore based on cost price.
The company will be placed in 'A' category from the existing 'Z' today as the company has reported disbursement of 12.50 percent cash dividend 2008-09. The stock brokers and merchant bankers are also requested not to provide loans to purchase Orion Infusion shares in the first 30 trading days after change of categorisation.