Islami, SBAC, Standard Bank downgraded to Z category for no dividend
According to the Dhaka Stock Exchange, brokerage firms and merchant banks have been instructed not to provide margin loans against the shares of these banks
Photo: Collected
Islami Bank Bangladesh PLC, SBAC Bank and Standard Bank have been downgraded to the Z category for failing to declare dividends for the last two consecutive years.
According to the Dhaka Stock Exchange, brokerage firms and merchant banks have been instructed not to provide margin loans against the shares of these banks.
Following the downgrade, the share prices of the three banks fell sharply in the opening session today (30 April).
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