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 December 08, 2022

Tk 5,000 crore scheme launched for capital machinery purchase

Bangladesh Bank today rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.The scheme named “Green transformation fund” will help borrowers to replace their existing capital machinery, which are harmful for environment.Businesses will be allowed to get fund to replace their capital machinery in nine categories.The nine fields include water use efficiency in wet processing, water conservation and management, resource efficiency and recycling, renewable energy and heat and temperature management, according to a central bank notice.Borrowers will enjoy the fund at 5 per cent interest from banks.Lenders, however, will manage the fund at 1 per cent interest from the central bank, meaning that they can enjoy a profit margin of 4 percentage points.The nature of the fund is term loan as the repayment tenure of the fund is more than two years.

Source: https://www.thedailystar.net/business/news/tk-5000-crore-scheme-launched-capital-machinery-purchase-3190031

BB sets up Tk 50b refinance scheme

Bangladesh Bank (BB) on Wednesday announced a new refinancing scheme worth Tk50 billion to promote green industry in the export and productive sectors.Under the scheme, the green entrepreneurs will be entitled to get loans at a 5.0 per cent interest, according to a circular.The banks will have access to the fund at a rate of 1.0 per cent and will be allowed to keep a margin of 4.0 per cent.The duration of the revolving fund, financed from the BB, will be 5-10 years. The green refinancing will be provided in local currency.Bangladesh Bank has another similar scheme, Green Transformation Fund, worth US$200 million and 200 million euros, to procure capital machinery and others meant for green industrialization.Disbursement from these funds has now become slow due to shortage of foreign currencies.The loans should be given to procuring capital machinery and other equipment required for green industrialization in the country.

Source: https://thefinancialexpress.com.bd/economy/bb-sets-up-tk-50b-refinance-scheme-1670465375

BB disburses Tk4,000cr as liquidity support to 5 Islami banks

Bangladesh Bank on Wednesday disbursed Tk4,000 crore as liquidity support to five Islami banks to meet ongoing liquidity crisis, sources in the central bank said.Five Islami banks had earlier applied to the Bangladesh Bank, seeking liquidity support.They are – Islami Bank Bangladesh Ltd, Union Bank Ltd, Social Islami Bank Ltd, First Security Islami Bank Ltd and Global Islami Bank Ltd.The five banks belong to S Alam group.Central bank’s spokesperson Mezbaul Haque told UNB that it was decided to pay Tk4,000 crore against Sukuk bond facility.Islami banks can take more money, if required, under Sukuk bond facility, he said.While BB Governor and Managing Directors of five Islami banks have denied the liquidity crisis in their respective banks, the liquidity shortage is still hampering the daily transaction, sources said.On Monday, the Islami Bank Bangladesh Ltd’s deposits fell to Tk1,46,964 crore. On 31 October, the deposit of the bank was Tk1,53,272 crore.

Source: https://www.tbsnews.net/economy/banking/bb-disburses-tk4000cr-liquidity-support-5-islami-banks-547166

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑1.58 0.00%
FTSE100$7,489.19 ↓32.20 ↓0.43%
Nikkei 225$27,562.70↓123.70↓0.45%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$72.76↑0.75 ↑1.04%
Crude Oil (Brent)$77.87 ↑0.70↑0.91%
Gold Spot$1,783.54 ↓2.73↓0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.1000
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