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 27, 2021

BB cuts interest rate of refinance funds

Bangladesh Bank yesterday cut the interest rate on refinance funds for pre-shipment credit aiming at helping local exporters continue shipping products amid the coronavirus outbreak. From now on, businesses will be allowed to avail funds from the scheme at 5 per cent interest rate instead of a previous 6 per cent. Banks will borrow money from the fund at 2 per cent interest instead of 3 per cent from the central bank and can charge exporters a maximum of 5 per cent. On April 5, Prime Minister Sheikh Hasina announced that the Bangladesh Bank will introduce a new loan facility titled pre-shipment credit refinance scheme involving Tk 5,000 crore for local exporters.As of March 24, borrowers took Tk 224 crore in loans from the refinance scheme, showed data from the central bank. A maximum of 10 per cent of the commercial invoice value of exported consignments are eligible for the scheme.

Source: https://www.thedailystar.net/business/news/bb-cuts-interest-rate-refinance-funds-2084385

Banks must give Tk 116cr in CSR to pandemic-hit people

Banks will have to allocate around Tk 116 crore to carry out corporate social responsibility (CSR) programmes in the form of providing essential goods and medical equipment to the underprivileged affected by the coronavirus pandemic. They have to set aside one per cent of net profits earned this year to cater supports to people in the categories of jeopardised, unemployed poor, rootless and despaired persons. The one per cent net profit of banks stands at Tk 116 crore, given the overall net earnings by them this year. This fund has to be allocated in addition to the lenders’ existing CSR budget for this year. They will be allowed to adjust the one per cent additional fund in the next three years between 2022 and 2024 by way of cutting down their allocation for CSR programmes.A bank will have to disburse 50 per cent of the allocated fund in city corporation areas and the rest must be distributed for the people living outside of the cities. Banks will have to give emphasis on providing essential food products and safety equipment to protect the poor from the virus and provide financial support for treatments. The Association of Bankers, Bangladesh, an organisation of the top executives of banks, will monitor the special CSR activities.

Source: https://www.thedailystar.net/business/news/banks-must-give-tk-116cr-csr-pandemic-hit-people-2084401 

Stocks fall on profit booking

The stock market witnessed a profit booking session yesterday, breaking a graining streak of eight consecutive days. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 12 points, or 0.22 per cent, to stand at 5,485.86.A stock broker echoed the same, saying some investors booked profits as most stocks rose 10 to 15 per cent in the last few days. This is a good sign, because whenever an investor books profit, they get confidence to invest more. However, the DSE’s turnover, an important indicator of the market, surged around 1 per cent to Tk 1,195 crore.Prime Bank shed the most with an 8.76 per cent drop followed by Purabi General Insurance, Takaful Islami Insurance, Peoples Insurance, and Desh General Insurance. At the DSE, 102 stocks advanced, 191 declined and 62 remained unchanged. The Chittagong Stock Exchange also fell yesterday. The CASPI, the general index of the port city bourse, fell 38 points, or 0.24 per cent, to stand at 15,828. Among 255 traded stocks, 73 rose, 134 fell and 48 remained unchanged, CSE data shows.

Source: https://www.thedailystar.net/business/news/stocks-fall-profit-booking-2084413

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,981.57
FTSE100$ 6,963.12↑24.56↑0.35%
Nikkei 225$ 29,088.56↓37.67↓0.13%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 62.23 ↑0.32↑0.52%
Crude Oil (Brent)$ 65.98↑0.33↑0.50%
Gold Spot$ 1,779.76↓1.62↓0.09%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8005
GBP 1BDT 117.6946
EUR 1BDT 102.6171





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