The ceremony was lottery in part, including Mr SM Aminur Rahman, Managing Director of Janata Bank, M Mr Jahangir Miah, CEO of Janata Capital and Investment Ltd, Mashrib Zahid, chief financial officer of RACE Asset Management and representatives of DSE, CSE, CDbl, ICBand Satcom.
Mr. Aminur Rahman said in his speech the role that government banks can play an important role in the development of the capital market:
“Break a new phase in the banking industry, as institutional involvement in our capital market is rising, Janata Bank, in partnership with RACE aboard on this journey through the sponsorship of the country’s first state-owned bank sponsored mutual fund,” Mr Amin said.
Janata Bank is the first state bank to sponsor a mutual fund in Bangladesh. The size of the fund is Tk 2.0 billion, of which Tk 1 billion was raised through the IPO process.