NBL to invest Tk 3b in stocks
The management of National Bank Limited (NBL) declared to invest Tk 3 billion in a bid to bring stability and restore investor’s confidence on share market.
The decision of investment in stock market came at board meeting of the Bank Monday.
A meeting source said the Bank took the decision to bring the market on a right track and restore investor’s confidence.
Earlier, four private banks--- NCC Bank, Standard Bank, Exim Bank and Pubali Bank declared to invest Tk 9 billion in the stock market to give funds support to ailing market.
Commenting on banks investment Akter H Sannamat, Managing Director of Union Capital told daily sun that this would give supports to the fund ridden market and help restore investors’ confidence.
The Daily Sun/Bangladesh/ 25th July 2012