Community Bank Investment approved

Sunbd Desk , Published: 2021-03-25 13:03:08, Updated: 2021-03-25 13:03:08

Community Bank Investment Limited has been approved as an affiliate of Police Community Bank Limited, an organization of Bangladesh Police. The company has been approved at the 767th commission meeting of the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market.

According to bank sources, the decision to start merchant banking in the capital market was taken at the board meeting of the community bank. They are the Registrar of Joint Stock Companies and Firms (RJSC) as a company in the light of the decision. He then applied to BSEC for approval.

According to sources, the paid up capital of this company will be Rs 25 crore. At present there are 63 merchant banks. There will be 64 merchant banks with this new institution.

Sunbd/NJ