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 January 18, 2022

Monthly import bill hits record $6.0b

The single-month import payments hit an all-time high of US$6.0 billion in December 2021 following higher purchase of textile items from the global market to build a satisfactory stock of the capital goods. Rise in import of capital machinery also pushed up the import payment obligations during the period under review. The settlement of letters of credit (LCs), generally known as actual import, in terms of value, rose by 8.32 per cent to about $6.0 billion in December 2021 from $5.54 billion in the previous month, according to the central bank’s latest statistics. It was $5.27 billion in October 2021. On the other hand, opening of LCs, generally known as import orders, increased by nearly 2.0 per cent to $6.17 billion in December from $6.06 billion a month before. It was $5.63 billion in October 2021. Imports of textile products under back-to-back LC settlement jumped more than 23 per cent to $758.33 million in December from $616.19 million in November. Imports of textile products under back-to-back LC settlement came down to $616.19 million in November 2021 from $622.64 million a month before. Imports of capital machinery or industrial equipment used for production increased by more than 67 per cent to $606.21 million in December 2021 against $361.59 million a month ago. On the other hand, actual imports for fuel-oils dropped significantly by over 37 per cent to $357.27 million in December 2021 from $568.52 million in the previous month.

Source: https://today.thefinancialexpress.com.bd/first-page/monthly-import-bill-hits-record-60b-1642440842

BB to tighten exposure to single owner of large loans

Bangladesh Bank (BB) has fixed banks’ single borrower and large exposure lending limit to within 25 per cent of its capital. The central bank issued the policy with a view to strengthening credit risk management of banks by limiting concentrated exposures and further improving the stability of the banking sector. It means no bank can lend more than 25 per cent of its capital to any company or group which will be applicable for both funded and non-funded loans. In this case a funded or direct loan will be 15 per cent. In the case of non-funded loans, in the case of export sector, the loan of Tk100 would be counted as Tk50 and in the case of power sector; the loan of Tk100 would be counted as Tk25. The BB has formulated this new policy in line with the Banking Companies Act approved in 2013. Along with this change, BB issued a notification for single customer and large loan limits, which will be effective from April 1, 2022. Before that, banks have to bring loans and credit facilities within the mentioned limits. According to the new notification, the bank will not be able to lend more than 15 percent of its capital (funded) to any group, which will be identified as a large loan. Earlier, the loan amount with interest was 15 percent. As a result, the bank will be able to lend more to a group than before.

Source: https://today.thefinancialexpress.com.bd/last-page/bb-to-tighten-exposure-to-single-owner-of-large-loans-1642441352

Md. Monzur Mofiz, New MD of ONE Bank

Md. Monzur Mofiz has taken over the charge of ONE Bank Limited as Managing Director for a tenure of 3 (three) years with effect from Sunday. He was the Managing Director (Current Charge) of the Bank prior to that. Before his joining at ONE Bank Limited, he was the DMD and Chief Business Officer of Dutch-Bangla Bank Limited. His long 28 years of work stint include the role of an Engineer in the Ministry of Education & Sonali Bank Limited. Later he served as a core Banker at AB Bank Limited, the City Bank Limited and Dutch-Bangla Bank Limited. He participated several training programs and workshops at home and abroad. He completed his B. Sc in Civil Engineering from Bangladesh University of Engineering & Technology (BUET) and obtained his MBA Degree from the Institute of Business Administration (IBA), University of Dhaka.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-md-of-one-bank-1642431188

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,911.81
↓ 201.81↓ 0.56 %
FTSE100$ 7,611.23↑ 68.28↑ 0.91 %
Nikkei 225$ 28,514.20↑ 180.68↑ 0.64 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 84.83 ↑ 1.01↑ 1.21 %
Crude Oil (Brent)$ 87.20↑ 0.72↑ 0.83 %
Gold Spot$ 1,817.21↓ 2.02↓ 0.11 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 117.6222
EUR 1BDT 98.1948





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