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 February 20, 2023

Default loans drop by Tk13,740cr in Oct-Dec on relaxed policies

Between October and December of last year, the banking sector saw default loans significantly decline by Tk13,740 crore thanks to a new loan rescheduling policy and relaxed repayment options offered by the central bank. According to the Bangladesh Bank, the total amount of default loans fell to Tk1.20 lakh crore in December, after reaching a record high of Tk1.34 lakh crore in September last year. In December last year, the rate of default loans fell to 8.16% from 9.36% in September. Mirza Elias Uddin Ahmed, managing director of Jamuna Bank, attributed the drop mainly to an easy rescheduling policy. “Now bank boards can regularise the long defaulted loans on their own. The rescheduling earlier required around 8%-10% down payment, but the amount is now only 2%-4%,” he told The Business Standard.

Source: https://www.newagebd.net/article/194832/post-office-savings-bank-to-go-online-in-june

Agent banking transactions climb over 46% in 2022

Transactions through agent banking accounts rose more than 46 per cent to Tk 673,069 crore in 2022 in Bangladesh riding on the increased use of the fast-expanding banking window, official figures showed. It was Tk 460,981 crore in 2021, according to data from the e-banking and e-commerce statistics unit of the central bank. Transactions jumped 27 per cent year-on-year to Tk 62,761 crore alone in December. In 2013, the central bank introduced agent banking to provide banking services to underprivileged people in rural areas, especially those in remote areas. Since than it has been booming as it is less costly compared to the traditional banking system and allows customers to receive various banking services in real time through an agent. At present, 31 banks are running agent banking activities. There were about 1.75 crore agent banking accounts in Bangladesh at the end of 2022, up 25 per cent from 1.40 crore a year earlier. The number of women account-holders rose more than 26 per cent to 84.22 lakh. Male account numbers stood at 87.96 lakh, an increase of 27.31 per cent from 69.09 lakh in 2021. Of the total account-holders, 24.10 lakh are in urban centres and 1.51 crore are in rural areas. The Dhaka division has a maximum of 3,822 agents, which is 25 per cent of the total. The Mymensingh division has the lowest number of agents at 851, or 6 per cent of the total.

Source: https://www.thedailystar.net/business/economy/news/agent-banking-transactions-climb-over-46-2022-3252311

USA continues to be Bangladesh’s top source of remittance

For the second consecutive quarter, the United States of America (USA) has become the biggest source of remittance for Bangladesh leaving behind the Kingdom of Saudi Arabia (KSA) to the second position, although the Middle Eastern nation hired a number workers during the period. Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022, up nearly 16 per cent from $834 million a year ago. As such, remittances coming from the USA was 20.06 per cent of total remittances inflow of $4.82 billion in the October-December period of last year, according to quarterly report on remittance inflows in Bangladesh released by the central bank yesterday. By contrast, migrants sent lower remittance from the KSA in the second quarter of the fiscal year (FY) 2022-23 from a year ago.

Source: https://www.thedailystar.net/business/news/usa-continues-be-bangladeshs-top-source-remittance-3252276

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100$ 8,004.36 ↓ 8.17 ↓0.10%
Nikkei 225$27,511.26↓1.87↓0.01%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$76.78↑0.44↑0.58%
Crude Oil (Brent)$83.47↑0.47↑0.57%
Gold Spot$1,842.38↑0.02↑0.00%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.7000
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