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Friday, October 23, 2009

Dse Stock Analysis : ULC

United Leasing Company

Paidup Capital : 26.4 Crore
Eps : 66.25 Taka

If this company have to increase its paid up capital to 50 crore . What will happen ??
So next year it will be a hot cake.

No. Of Securities : 2640000

Added Today More 200. I will be adding more if fall more.

Continue.... I will be updating in this page at any time . So visit every moment.

Read This News Carefully

NBFIs get nod to raise capital
Asif Showkat : The New Age

The finance ministry has given its consent on making it mandatory for non-banking financial institutions to raise their paid-up capital by 100 per cent within December 31, 2010, officials on Thursday said.

Bangladesh Bank last month sought the finance ministry’s approval on raising the paid-up capital of the NBFIs to Tk 50 crore from the existing Tk 25 crore.

The central bank has taken the move to help consolidate the capital base of the country’s NBFIs in line with the Basel-II framework that would come into effect from 2010.

Meanwhile, at least seven NBFIs have already raised their total capital to over Tk 50 crore, informed sources said.
The central bank officials said the paid-up capital of Tk 25 crore was inadequate and so the NBFIs would have to increase their capital to avoid any financial risks.
On June 2003, BB raised the minimum ceiling of capital of NBFIs to Tk 25 crore from the earlier amount of Tk 10 crore to make them operationally sound.
Financial market operators have supported BB’s latest move, pointing out that the central bank planned to raise the total capital of NBFIs in phases, not overnight.
Managing director of Prime Finance and Investment Ltd, Akhtar Hossain Sannamat, told New Age that the timeframe for raising the paid-up capital of NBFIs should be extended if necessary.

‘Some of the financially weak NBFIs may be merged due to lack of capital’, he observed.



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