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 August 19, 2021

Banks asked to raise core capital ratio

The central bank yesterday asked banks to raise their core capital ratio to 3.25 per cent in 2023 after they failed to put in place enough shareholders’ equity and reserves in line with international standards to absorb unexpected shocks. In 2014, the Bangladesh Bank issued the guidelines on risk-based capital adequacy for banks in line with the Basel III Accord, the primary banking regulation that sets the minimum tier 1 capital ratio requirement for financial institutions.The BB ordered banks to maintain at least 3 per cent tier 1 capital, also known as the leverage ratio, by 2015 to strike a balance between capital and assets.Tier 1 capital is used to describe a bank’s capital adequacy and refers to core capital that includes equity capital and disclosed reserves.Banks will get the entire 2022 to prepare to lift the leverage ratio. They will raise the ratio by 25 basis points every year until 2026 to reach 4 per cent. The current ratio is 3 per cent.Banks in Bangladesh maintained a (CAR) of 11.60 per cent last year, BB data showed. This is way less than 18.6 per cent in Pakistan, 16.5 per cent in Sri Lanka, and 15.8 per cent in India.

Source: https://www.thedailystar.net/business/economy/banks/news/banks-asked-raise-core-capital-ratio-2155686

 Light engineering lights up export hope

Bangladesh’s light-engineering sector (LES) lights up trade hopes as it achieved nearly 81-per cent growth in shipments to overseas markets in the last fiscal year (FY), analysts say, as the country strives to enlarge its slim export basket. They said light-engineering, a hub for nearly 800,000 jobs, after meeting some 30 per cent of local demands, earned about half a billion US dollars in foreign exchange on average per annum. According to the Export Promotion Bureau (EPB), the Bangladeshi small and medium scale manufacturers exported US$529 million worth of engineering goods in the FY 2020-2021, posting an 80.60 per cent growth year on year. In the previous FY2020, the export of engineering products fetched $292.92 million, EPB data showed.A recent International Finance Corporation IFC study showed Bangladesh’s LES has in its employment 600,000 people involved in 50,000 micro-enterprises and 10,000 Small and Medium Enterprises (SMEs).An FE analysis has found the country’s export of the engineering products in FY2017 was highest within a decade as Bangladesh earned a record amount of $688.84 million. But the shipments had faced a steep fall since the subsequent fiscal year with $355.97 million earned in FY2018, $341.3 million in FY2019 and $292.92 million in FY2020.

Source: https://today.thefinancialexpress.com.bd/first-page/light-engineering-lights-up-export-hope-1629310014

Stocks break four-day rally

Stocks witnessed a modest correction on Wednesday, snapping a four-day record breaking rally, as shaky investors preferred to book profit on quick-gaining issues. After hitting a new high in the previous day, the market opened on high note and the key index crossed the 6,800-mark, but failed to sustain that level amid profit booking sell-offs on financial stocks. At the end of the session, DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 15.31 points or 0.22 per cent to settle at 6,771, after gaining 170 points in the past four consecutive sessions. The DSE Shariah Index (DSES) also shed 2.77 points to close at 1,466. However, the DS30 index, a group of 30 prominent companies, advanced 4.65 points to settle at 2,426.Turnover, a crucial indicator of the market, stood at Tk 24.65 billion on the country’s premier bourse, which was 7.78 per cent lower than the previous day’s turnover of Tk 26.73 billion. The daily average turnover maintained above Tk 24 billion in the last 11 consecutive sessions on the DSE. Top negative index contributors were Robi Axiata, Investment Corporation of Bangladesh, Dutch-Bangla Bank, Al-ArafahIslami Bank and Islami Bank Bangladesh as they collectively brought the DSEX down by 14 points, according to data from amarstock.com, a market data analyst. The optimistic investors were remained active in the market amid the stock market regulator’s extended credit facilities, said a top broker. The Bangladesh Securities and Exchange Commission (BSEC) last week revised the limit of margin loan facilities based on the DSE key index – at a maximum rate of 1:0.80 when the DSEX is below 8,000.The Chittagong Stock Exchange also ended marginally lower with its All Shares Price Index (CASPI)-shedding 21 points to finish at 19,746 while the Selective Categories Index – CSCX losing 10 points to close at 11,840. Of the issues traded, 172 declined, 125 advanced and 31 issues remained unchanged on the CSE. The port city bourse traded 44.23 million shares and mutual fund units with turnover value of Tk 924 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-break-four-day-rally-1629308097

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,960.69
↓382.59↓ 1.08%
FTSE100$ 7,169.32↓11.79↓0.16%
Nikkei 225$ 27,384.62↓201.29 ↓0.73%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 64.55↓0.91↓1.39 %
Crude Oil (Brent)$ 67.48↓0.75↓1.10 %
Gold Spot$ 1,779.73↓8.09↓0.45%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.9500
GBP 1BDT 116.7468
EUR 1BDT 99.4934





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