DOI: 10.36347/sjebm.2017.v04i10.010

Pages: 729-738

Investment Corporation of Bangladesh (ICB) is one of the renowned investment banks in Bangladesh. As an investment bank, ICB has been performing its merchandising and financial assistance operations since its inception. From directly participating in equity to superintending the issue of debentures, bonds, mutual funds, etc., all are within the activities of the ICB. That is why the principal objective of the study is to examine the role of ICB in the capital market development and to explore its opportunities and challenges. The researchers have used the documents of ICB and the capital market of Bangladesh to evaluate the role of ICB in capital market development. Both qualitative and quantitative interpretations were needed for the present study. The present study has exclusively used those methods by compiling the data of very critical and eventful ten years (2001-2011) of DSE, CSE, ICB and other related financial organizations. After collecting data, the researchers edited the data and used some statistical forms according to their suitability and necessity of the study. From the study findings, it is found that the paid up capital has been steadily rising. From around the year 2006, ICB has been performing much better as seen from its net profits exceeding the paid-up capital. The capital market in Bangladesh is still at a developing stage.