Investment Corporation of Bangladesh
DDSE:ICB37.00
BDT
-0.10
(-0.27%)
Investment Corporation of Bangladesh
DSE:ICB
(Dhaka Stock Exchange)
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37.00
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- Investment Corporation of Bangladesh (ICB) is a state-owned statutory financial institution that provides investment banking, capital market intermediation, asset management, and financial advisory services in Bangladesh. Established in 1976 and headquartered in Dhaka, Bangladesh, the corporation operates as a central institutional market participant aimed at mobilizing domestic savings, fostering industrial development, and stabilizing the national capital market. ICB conducts its operations directly and through three primary operating subsidiaries: ICB Capital Management Ltd., which handles merchant banking and corporate advisory; ICB Asset Management Company Ltd., which manages open-ended and closed-ended mutual funds; and ICB Securities Trading Company Ltd., which provides stock brokerage and depository participant services across the Dhaka Stock Exchange and Chittagong Stock Exchange. The institution serves retail investors, institutional clients, corporate enterprises, and public-sector bodies throughout its domestic network of branches and regional offices. The corporation offers a diversified portfolio of capital market and financial services, which include investment banking and corporate finance services, such as issue management, equity underwriting, debenture and bond underwriting, pre-IPO placements, private equity investments, corporate restructuring, merger and acquisition advisory, and syndicated financing; asset and wealth management solutions, comprising the sponsorship, management, and distribution of mutual funds, unit fund schemes, the Bangladesh Fund, and systematic investment plans; investor account and brokerage operations, including margin loan facilities, discretionary and non-discretionary portfolio management, trading execution on stock exchanges, central depository services, and digital investor platforms through ICB e-sheba; financing and credit facilities, consisting of project financing, lease financing, advances against mutual fund and unit certificates, debenture financing, and corporate guarantees; and trustee and custodial services, acting as trustee, custodian, and security agent for debt securities, mutual funds, asset-backed securities, and alternative investment funds. In recent operational and strategic developments, ICB has undertaken major financial restructuring and business revitalization initiatives under close oversight from Bangladesh Bank and the Ministry of Finance. The corporation secured an extension of a government sovereign guarantee on a Tk 3,000 crore liquidity support loan from the central bank, extending repayment through 2029 to address liquidity constraints and support market stabilization. In conjunction with this funding arrangement, ICB is implementing a multi-year Business Recovery Plan focused on rationalizing administrative expenses, reducing borrowing and interest costs, restructuring portfolio assets, and overhauling oversight within its Portfolio Management Committee to enhance trade governance and mitigate portfolio risk. Additionally, the corporation is pursuing structural balance sheet adjustments, exploring mechanisms to convert existing institutional debt obligations into equity and evaluating capital replenishment measures, including potential rights issues, to strengthen its capital adequacy and long-term financial stability.