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 6, 2023

Banks’ profits hit by lower income from forex market

The combined profits of 35 listed banks in Bangladesh dropped 9 percent year-on-year to Tk 4,160 crore during the first half of 2023 as volatility in the country’s foreign exchange market has curbed their commissions from forex dealings. As per their financial statements for the January-June period of the current calendar year, a majority of these lenders logged higher profits with just 13 registering reduced earnings. For example, profits of Bank Asia soared 52 percent to Tk 354 crore during the six-month period while losses of National Bank sank further by some 262 percent to Tk 626 crore. The company manages assets worth about Tk 140 crore, most of which is invested in stocks, including banking scrips. The combined interest income grew 7 percent year-on-year to Tk 11,711 crore during the January-June period while investment income edged up 18 percent to Tk 7,987 crore at the same time. On the other hand, profits of Pubali Bank, Shahjalal Islami Bank and Jamuna Bank rose to Tk 278 crore, Tk 272 crore and Tk 256 crore respectively.

Source: https://www.thedailystar.net/business/economy/news/banks-profits-hit-lower-income-forex-market-3387436

Deposits grow by Tk31,000cr in June – 2nd highest in banking history

Deposits increased by Tk31,181 crore in June, marking the highest monthly growth in the last fiscal year and the second-highest in the country’s banking history, according to data from the Bangladesh Bank. At the end of June, the deposits amounted to Tk15.95 lakh crore, which is an increase from Tk15.64 lakh crore in the previous month.  The central bank’s data indicates that the deposit growth in the banking sector had been declining since November 2022. In that particular month, deposits fell by Tk3,155 crore. In January this year, deposits decreased by Tk1,398 crore. However, since then, the deposits have been increasing every month. In April, deposits increased by around Tk24,902 crore, and in May, they increased by Tk15,881 crore.   In January 2021, deposits increased by Tk34,132 crore, which was the highest ever recorded. 

Source: https://www.tbsnews.net/economy/banking/deposits-grow-tk31000cr-june-2nd-highest-banking-history-676166

bti hosts Home Fest in city

The bti Home Fest ’23, organised by the building technology and ideas limited (bti), a leading real estate company, was held on Saturday with the slogan ‘Live Smart, Live Better’, promoting smart home to ensure an improved and comfortable living, says a press release. The event, that took place at the bti Celebration Point in the city, attracted an overwhelming number of real estate customers. On the occasion, bti’s luxury project ‘Amabilia’, located in Mohakhali, was launched in the presence of bti’s Managing Director FR Khan, CEO Nalaka Hettiarachchi and other high officials and prospective customers. At the Home Fest, bti highlighted 300+ apartments situated in different locations of Dhaka and Chattogram for the customers. Several banks and non-bank financial institutions were also present at the event with their lucrative home loan products.

Source: https://www.thedailystar.net/business/news/forex-reserves-rise-30-billion-june-3349461

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,065.62
↓ 150.27↓ 0.43 %
FTSE100$ 7,564.37↑ 35.21↑ 0.47 %
Nikkei 225$ 32,192.75↑ 33.47↑ 0.10 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.82↑ 1.27↑ 1.56 %
Crude Oil (Brent)$ 86.24↑ 1.10↑ 1.29 %
Gold Spot$ 1,942.91↑ 8.85↑ 0.46 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.9800
BDT 109.5000

*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