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 28, 2022

Mr. EmranulHuq re-appointed as Dhaka Bank MD

Dhaka Bank Limited has reappointed Mr. Emranul Huq as the Managing Director & Chief Executive Officer for another 3 years term effective from February 22, 2022. Mr. Huq took over the helm of the bank from his predecessor in February 2020. During his first tenure of 2 years, Dhaka Bank survived the Covid-19 pandemic and came out with brilliant numbers under his leadership. In last couple of years, Dhaka Bank shifted its focus towards tech-based solutions fighting the pandemic and enhanced its capacity in terms of products and services as well as network. Through all sorts of modern facilities, customer base of the bank was enriched with the efficient and performing names in all segments. Dhaka Bank’s foreign trade business jumped from US$ 2.60 billion to US$ 4.25 billion, which is the highest ever in the bank’s history of 26 years. During the last couple of years, Dhaka Bank was awarded with various awards, among which the prestigious was “Best Corporate and Investment Bank of Bangladesh 2021” award under the “Asiamoney Best Bank Bangladesh Award 2021”. Mr. Huq, has more than three decades of professional banking experience, both at home and abroad. Starting his career with Bank of Credit & Commerce International (BCCI) in Dhaka as Management Trainee in 1986, he also worked at Eastern Bank Limited and Credit Africa Bank Limited in Zambia in various capacities before joining Dhaka Bank in 1998. During his long tenure, Mr. Huq served in various key positions with Dhaka Bank, which includes DMD for Business Banking, Branch Manager for various corporate branches of the Bank.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/emranul-huq-re-appointed-as-dhaka-bank-md-1645979186

Renata to take over two subsidiaries

Renata, a listed company, will take over two subsidiary companies with their all assets and liabilities. The company’s board of directors has taken the decision and approved draft scheme of amalgamation unanimously, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE). The amalgamation will be executed as per provisions of Section 228 and 229 of the Companies Act, 1994. The company’s sponsor-directors hold 51.27 per cent shares, institutes 19.43 per cent, foreigners 22.88 per cent and general shareholders 6.42 per cent as on January 31, 2022. The company’s share price closed at Tk 1356.60 each on Sunday with a loss of 0.47 per cent or Tk 6.40 on the DSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/renata-to-take-over-two-subsidiaries-1645978925

UK, Singapore sign digital trade agreement

The United Kingdom recently signed a trade deal with Singapore that will help businesses seize new opportunities and lay the ground rules for modern global trade. The UK-Singapore Digital Economy Agreement (DEA) was signed by UK international trade secretary Anne-Marie Trevelyan and Singapore’s minister-in-charge of trade relations S Iswaran, reports fibre2fashion.com. It will strengthen the United Kingdom’s trading relationship with Singapore – worth £16 billion in 2020 – by ending outdated rules that affect both goods and services exporters, making it easier for UK business to target new opportunities in both Singapore and the wider region.

Source: https://today.thefinancialexpress.com.bd/trade-market/uk-singapore-sign-digital-trade-agreement-1645985379

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,058.75
↑834.92↑2.51 %
FTSE100$ 7,489.46↑282.08↑3.91 %
Nikkei 225$ 26,373.59↓102.91↓0.39 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 96.83↑5.24↑5.72 %
Crude Oil (Brent)$ 102.71↑4.78↑4.88 %
Gold Spot$ 1,907.84↑18.50↑0.98 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 115.3174
EUR 1BDT 96.9306

*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