JS body suggests listing of ICB firms on bourses

A parliamentary body has asked the Investment Corporation of Bangladesh (ICB) to immediately list its three subsidiary companies on bourses.

“We recommended that ICB list its subsidiary companies on stock exchanges. These three firms are ICB Capital Management Limited, ICB Asset Management Company Limited and ICB Security and Training Limited,” AHM Mostafa Kamal, chairman of the Parliamentary Standing Committee on Finance Ministry, told reporters after a meeting at the Jatiya Sangsad Bhaban yesterday.

The committee also suggested the newly formed Bangladesh Development Bank Limited take steps so that the bank gets relieved of sick clients or borrowing industrialists after settling their loans and other dues.

The bank, which came into being after the merger between Bangladesh Shilpa Bank and Bangladesh Shilpa Rin Sangstha, launched its operation recently with industrial financing, commercial banking and merchant banking at the core of its services.

Pointing his finger at the sick clients of the development bank, the parliamentary body chief said, “We have told the new bank officials to come up with a list specifying the very sick, sick and well running companies so that the list come under review in the committee's next meeting.”