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 28, 2021

IFC, BB sign deal on Credit Guarantee Scheme

To support small businesses facing financing challenges due to the impacts of COVID-19, IFC has signed an agreement with Bangladesh Bank to implement a Credit Guarantee Scheme (CGS) for Cottage, Micro, Small and Medium Enterprises (CMSMEs). By offering a risk-sharing arrangement for participating financial institutions (PFIs), the scheme will allow the PFIs to provide better access to finance for CMSMEs that are often deprived due to their high-risk profile. With about 7.8 million units employing more than 20 million people, cottage, micro, small, and medium enterprises (CMSMEs) account for almost 25 per cent of gross domestic product and 30 per cent of total industrial employment in Bangladesh. However, limited access to finance has been an impediment in sustaining this labour-intensive sector that is critical for the country’s sustained growth. The government of Bangladesh will allocate funding for the CGS facility, while IFC will provide technical assistance to implement the project. Loans worth $100 million are expected to be disbursed by financial institutions to CMSMEs by the end of June 30, 2025. At present, Cottage, Micro & Small category loans ranging from Tk 200,000-5,000,000 (BDT 2 Lac to BDT 50 Lac) are eligible for the Credit Guarantee Scheme. A total of 31 banks and Non-Bank Financial Institutions have signed up for the CGS facility.

Source: https://today.thefinancialexpress.com.bd/trade-market/ifc-bb-sign-deal-on-credit-guarantee-scheme-1640618397

BB relaxes rules for foreigners to remit money

The central bank yesterday relaxed rules for foreign nationals residing in Bangladesh to send remittances to their home countries. Foreigners were allowed to send 75 per cent of their monthly income to their home, but now they will be able to remit up to 80 per cent. The rest of the money, kept in the form of savings in banks, could be repatriated when the foreigners left permanently after expiry of their job contracts. Before sending the remittances, banks will have to ensure that the amount being moved does not exceed the balance in related bank accounts of the foreigners.

Source: https://www.thedailystar.net/business/economy/banks/news/bb-relaxes-rules-foreigners-remit-money-2927196

 ICB to issue mudaraba sukuk worth Tk 1,000cr

The Investment Corporation of Bangladesh has decided to issue an ICB First Mudaraba Sukuk worth Tk 1,000 crore for 10 years. The state-run listed non-bank financial institution disclosed the information through a notification on the Dhaka Stock Exchange website (DSE) yesterday. Now, the company will complete the paperworks and seek permission from the regulators, including the Bangladesh Securities and Exchange Commission. To redeem the principal of sukuk, 20 per cent of the issued capital will be paid at the end of each 6th, 7th, 8th and 9th year.

Source: https://www.thedailystar.net/business/economy/industries/investments/news/icb-issue-mudaraba-sukuk-worth-tk-1000cr-2927126

Prime Bank launches mortgage-free loan for dealers of GPH Ispat

Prime Bank has introduced a dedicated Distributor Financing Programme named “Prime Dealer” to serve the dealers/distributors of large corporates across the country. Under the Prime Dealer programme, Prime Bank Ltd has initiated a strategic partnership with GPH Ispat Ltd. The partnership will help registered GPH Ispat dealers to enjoy collateral-free MSME loan up to Tk 10 million (1.0 crore) from Prime Bank with 24/7 banking services and a dedicated dealer helpdesk.

Source: https://today.thefinancialexpress.com.bd/trade-market/prime-bank-launches-mortgage-free-loan-for-dealers-of-gph-ispat-1640618598

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,302.38
↑ 351.82↑ 0.98 %
FTSE100$ 7,372.10↓ 1.24↓ 0.02 %
Nikkei 225$ 28,952.76 ↑ 276.30↑ 0.96 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.79↑ 0.22↑ 0.29 %
Crude Oil (Brent)$ 78.88↑ 0.28↑ 0.36 %
Gold Spot$ 1,810.51↓ 1.62↓ 0.09 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 114.5773
EUR 1BDT 97.1857





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