Digital banking is the ‘quintessence of Dhaka Bank’- Chairman Mr. Abdul Hai Sarker

Dhaka Bank Limited wants to attract new customers through providing world-class services using the latest technologies. “We’re committed to provide time-bound services to our valued customers,” Abdul Hai Sarker, chairman of Dhaka Bank, told the Financial Express (FE) recently ahead of the bank’s 27th anniversary. The second generation private commercial bank (PCB) started its journey on July 05, 1995 with a slogan ‘Excellence in Banking.’ The chairman also said: “Our board devoted its time and energy to provide suitable guidance and direction to the management to ensure uninterrupted service to our customers while being fully compliant with regulatory advices.” As part of the moves, Dhaka Bank has already introduced mobile banking apps ‘DBL Go,’ Internet Banking, Bills to Cash, Trade Cloud, Ezy Bank and many other tech based services for its customers. 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), according to the central bank’s latest statistics.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/digital-banking-is-the-quintessence-of-dhaka-bank-says-its-chairman-1656953218

IFC, BRAC Bank to issue first housing bond

The International Finance Corporation (IFC) joined hands with BRAC Bank Limited to issue housing bond worth US$50 million for the first time in the country to help provide affordable housing loans to low- and middle-income urban and rural families. The IFC will make a subscription of up to $50 million-equivalent Bangladeshi Taka (BDT) denominated, five-year senior bond of BRAC Bank to fund and expand its affordable housing finance programme. Home mortgages only account for three per cent of the loan market in Bangladesh, below the average of 4.9 per cent in South Asia and 8.9 per cent in the emerging markets. The project was supported by the Joint Capital Markets Programme (J-CAP), an initiative of the World Bank Group to develop debt capital markets. The IFC’s work upstream with J-CAP efforts involved supporting BRAC Bank in structuring and laying the groundwork for the first-ever housing finance bond in Bangladesh.

Source: https://today.thefinancialexpress.com.bd/first-page/ifc-brac-bank-to-issue-first-housing-bond-1656957026

UCB opened 218th branch at Muksudpur

The United Commercial Bank Limited (UCB) opened its 218th branch at Muksudpur, Gopalganj on Monday. Managing Director & CEO of the bank Arif Quadri inaugurated the branch as the chief guest. Deputy Managing Director Mohammed Khorshed Alam and Deputy Managing Director & Company Secretary ATM Tahmiduzzaman were present at the event.

Source: https://today.thefinancialexpress.com.bd/trade-market/ucb-opened-218th-branch-at-muksudpur-1656951108