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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash February 01, 2022

Private credit growth up for 7th straight month

Private sector credit growth in Bangladesh accelerated to 10.68 per cent in December rising for the seventh consecutive month as the economy rebounds from the coronavirus pandemic. Analysts call the double-digit growth a good sign for the economy as the upward trend came in the face of the third wave of infections.The credit growth, which had faced sluggishness right after the coronavirus arrived on the shores of Bangladesh in March 2020 as demand plunged, stood at 10.11 per cent in November. The growth stood at 8.29 per cent in April and 7.55 per cent in May. The credit expansion has been rising since then. The BB has set a private sector credit growth target of 14.8 per cent for the current fiscal year ending in June. It missed its goal in the last fiscal year after the growth plunged to 8.35 per cent against the goal of 14.8 per cent.

Source: https://today.thefinancialexpress.com.bd/trade-market/islami-bank-bangladesh-limited-ibbl-received-the-7th-islamic-retail-banking-awards-2021-as-the-strongest-islamic-retail-bank-1642869314

Top drug makers keep growth trajectory in H1

Pharmaceutical companies are doing good business in line with the growing demand for medicines in the country and they have maintained the growth in the first half of the current financial year. Among the top drugmakers, Square Pharma posted a 16% growth in sales, Beximco 18%, Renata 17%, ACI 9%, Acme 16%, IBN Sina 25% and Orion Pharma 13%.Alongside a local market boom, the country’s pharmaceutical sector is expected to rake in over $1.5 billion or around Tk13,000 crore in export earnings per year by 2030 – almost nine times higher than the $169 million earned in FY21. At present, the pharmaceutical market in the country is around Tk30,000 crore and the companies are exporting medicines to more than 100 countries.However, the World Bank says, among the regional peers, Bangladeshi people spend the least portion of their income on healthcare – only 2.4% to lag behind Pakistan, Indonesia, India, the Philippines, Thailand, Myanmar, Nepal and, of course, Vietnam where the ratio is the highest in the region at 6.4%. Bangladeshi drugmakers will be allowed to develop generic versions of patented drugs until 2033 and even after that the Trips adherence is unlikely to affect the industry massively as over 85% of the generic drugs produced now by the industry are off-patent ones, which need no royalty payment to patent owning companies.

Source: https://www.tbsnews.net/economy/stocks/top-drugmakers-keep-growth-trajectory-h1-364801

SIBL opens 10 agent banking outlets

Social Islami Bank Limited inaugurated 10 new agent banking outlets at Olir Bazar & Projapoti Bazar (Cumilla), Narjar Bari Bazar (Narsingdi), Shahar Bazar (Chandpur), Maligram Bazar (Faridpur), Bibir Bazar & Diabari Bazar (Dhaka), Durgapur Bazar (Rajshahi), Char Bangshi Bazar (Laxmipur) and Shashibhusan Bazar (Bhola).

Source: https://today.thefinancialexpress.com.bd/stock-corporate/sibl-opens-10-agent-banking-outlets-1643650689

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,131.86
↑406.39↑1.17 %
FTSE100$ 7,464.37↓1.70↓0.02%
Nikkei 225$ 27,123.31↑121.33↑0.45 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 88.39 ↑0.24↑0.27 %
Crude Oil (Brent)$ 91.21↑1.18↑1.31 %
Gold Spot$ 1,796.49↓0.68↓0.04%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 115.3002
EUR 1BDT 95.8642





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