TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash April 26, 2023

Banks asked to keep 5% provision for off-balance sheet exposures

The Bangladesh Bank today issued policy guidelines on the off-balance sheet (OBS) exposures in banks, asking them to keep a maximum of 5 per cent provision instead of 1 per cent to strengthen their financial health. A Bangladesh Bank official says that OBS exposures in banks have been increasing in recent years, which is why it drew up the guidelines to mitigate their unexpected financial risks.For example, when loans are securitised and sold off as investments, the secured debt is often kept off the bank’s books. For instance, letters of credit (LCs) issued by banks are considered an off-balance sheet item. But when a business people can’t settle the LCs on time, banks create a loan favouring the individual or entity such that the loan can be settled timely.

Source: https://www.thedailystar.net/business/news/banks-asked-keep-5-provision-balance-sheet-exposures-3304221

Bangladesh 12 notches up in World Bank’s Logistics Performance Index

Bangladesh has climbed 12 notches in the World Bank’s Logistics Performance Index 2023 thanks to competent and high-quality logistics services, timely shipments, and effective customs and border management. According to the seventh edition of the “Connecting to Compete” report released on 21 April, the country’s rank has improved to 88th out of 139 countries, from 100th in 2018.The country was 87th among 160 economies in 2016 and 108th in 2014. With a score of 2.6 on a 5-point scale, Bangladesh came in third among the five South Asian economies assessed in the 2023 index, behind India (38th) and Sri Lanka (73rd).The top 12 scorers are high-income economies, and most of them have for years been dominant players across international supply chain networks.

Source: https://www.tbsnews.net/economy/bangladesh-leaps-12-notches-world-banks-logistic-performance-index-621826

Eid remittance falls due to low dollar rate

Remittance inflow usually increases in Ramadan ahead of Eid but the amount of money sent home by Bangladeshis working abroad dropped by about $151 million in April compared to March due to a lower rate of the US dollar offered by banks. An analysis of central bank data reveals that the country received $1,423 million in remittances between 4 and 24 March, which fell to $1,272 million in the corresponding period of April. Of the received amount in April, $313 million came in the third week of the month, but the first two weeks each saw an inflow of over $475 million.

Source: https://www.tbsnews.net/economy/eid-remittance-falls-due-low-dollar-rate-621714

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↓344.57↓1.02 %
FTSE100$7,891.13↓21.07↓ 0.27 %
Nikkei 225$28,430.85↓189.22↓0.66 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$77.50↑ 0.43↑ 0.56%
Crude Oil (Brent)$81.12↑ 0.35↑ 0.43%
Gold Spot$1,994.22↓3.17↓0.16 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.0000
BDT 107.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited