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 July 03, 2022

Relaxed loan rescheduling for rawhide traders

Bangladesh Bank has relaxed loan rescheduling rules for rawhide traders to ensure availability of sufficient funds during Eid-ul-Azha, which is celebrated through animal sacrifice. The Eid, which is due to be observed on July 10, accounts for around half of the rawhide the country generates annually. A good number of rawhide traders have become loan defaulters because of the economic fallout of the coronavirus pandemic, the Russia-Ukraine war, and the recent floods in the north-eastern region of Bangladesh. A BB notice on Thursday said the rescheduling can be availed through a 2 per cent down payment on outstanding loans and the facility can be availed until August 31. According to the Ministry of Fisheries and Livestock, 1.21 crore animals could be sacrificed in the country this year.

Source: https://www.thedailystar.net/business/economy/news/relaxed-loan-rescheduling-rawhide-traders-3062316

Operating profits of 14 private banks up in H1

A total of 14 private commercial banks (PCBs) in Bangladesh showed increased operating profits during six months to this past June, mainly banking on the country’s booming foreign-trade activities. Of the 42 PCBs in the country, the FE obtained provisional data of 15 for the first half of this calendar year, from January to June 2022. The operating profit of one out of the 15 declined during the half yearly period. The position of the rest of the PCBs on this account were not immediately available. In the final count, the amounts of profit would be a little higher or lower, said officials of different commercial banks about their half-yearly financials. The settlement of letters of credit (LCs), generally known as actual imports, in terms of value, rose by 48.25 per cent to $67.87 billion during the July-April period of the outgoing fiscal year (FY), 2021-22, from $44.78 billion in the same period of the previous fiscal, according to latest BB statistics. On the other hand, the opening of LCs, generally known as import orders, grew over 44.53 per cent to $78.65 billion during the period under review from $53.04 billion in the same period of FY ’21. The amount of classified loans in Bangladesh’s banking system increased by 9.85 per cent to Tk 1,134.41 billion during the January-March period of 2022, from Tk 1,032.74 billion in the preceding quarter (Q4 of 2021), as the central bank revoked policy relaxation on loan repayment.

Source: https://today.thefinancialexpress.com.bd/first-page/operating-profits-of-14-private-banks-up-in-h1-1656782766

City Bank avails USD 45m syndicated loan from Bank Muscat

The City Bank has successfully closed a USD 45 million syndicated loan, which was arranged by Bank Muscat, the leading financial services provider in the Sultanate of Oman. The transaction, which was initially launched for USD 25 million with a Greenshoe option, received strong participation from reputed international banks across different geographical locations including Europe, Middle East and Africa. It was subsequently scaled up by 80 per cent, finally closing at USD 45 million. With assets worth over US$ 33 billion, Bank Muscat is the leading bank in the Sultanate of Oman with the largest banking network and a 35 per cent market share.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/city-bank-avails-usd-45m-syndicated-loan-from-bank-muscat-1656776537

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,097.26
↑ 321.83↑ 1.05 %
FTSE100$ 7,168.65↓ 0.63↓ 0.01 %
Nikkei 225$ 25,935.623↓ 457.42↓ 1.73 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 108.43↑ 2.67↑ 2.52 %
Crude Oil (Brent)$ 111.63↑ 2.60↑ 2.38 %
Gold Spot$ 1,811.43↑ 4.16↑ 0.23 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 93.4500
GBP 1BDT 113.3455
EUR 1BDT 97.5898

*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