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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash July 05, 2023

Savings certificates sales exceed Tk500cr again in May FY23

Savings certificates sales crossed the Tk500-crore mark for the second time in May of the recently ended FY23. According to the Bangladesh Bank data, savings certificates worth Tk551 crore were sold in May. Earlier, savings certificates worth TK581 crore were sold in April this year. For those two consecutive months customers purchased more savings certificates than they redeemed. The net sales of saving certificates for the first 11 months of FY23, however, stood negative at Tk3,029 crore as the government borrowed some Tk74,700 crore against the repayment of Tk77,700 crore during the period. The government set a target of borrowing Tk35,000 crore from the savings tools in FY23, which was later reduced to Tk20,000 crore. According to the finance ministry, the interest costs for savings tools were initially estimated at Tk42,675 crore for FY23, which was later increased to Tk45,100 crore in the revised budget.

Source: https://www.tbsnews.net/economy/savings-certificates-sales-exceed-tk500cr-again-may-fy23-660130

BAFEDA asked Banks not to sell dollar for over Tk 109

The Bangladesh Foreign Exchange Dealers’ Association (Bafeda) has asked banks in the country not to sell US dollars to importers for beyond Tk 109 per greenback as some lenders recently breached the rule. The Bafeda, which is a platform for banks to monitor the country’s foreign exchange market, issued a circular on July 3, asking them to follow the rules strictly. It was observed that some banks got more than Tk 109 for each dollar sold to importers, the Bafeda said in the notice. The Bafeda and Association of Bankers, Bangladesh (ABB), a platform for managing directors of banks in the country earlier took a decision to sell each US dollar for a maximum of Tk 109. As per the agreement between the two platforms, banks are allowed to mobilise the greenback from remitters by offering a maximum of Tk 108.5 per US dollar apart from the 2.5 per cent incentive given by the government. Besides, lenders can offer a maximum of Tk 107.5 for each US dollar while purchasing the greenback from exporters.

Source: https://www.thedailystar.net/business/economy/news/banks-told-not-sell-dollar-over-tk-109-3361216

Bank deposits on the rise

Deposits grew by 8.81% in May, the highest in the last 11 months despite the decade’s highest inflation as customer confidence in banks returned. Deposits in banks stood at Tk15.63 lakh crore at the end of May with new deposits of Tk15,300 crore, according to central bank data. Sector insiders said in November and December last year, there were many cases of disbursing loans by violating rules in several banks. Due to this, many customers started withdrawing their deposits from the banks. As a result, bank deposit growth fell to 5.67% in December. The central bank said loan growth in the banking sector fell to 11.72% in May. It has been on a downward trend for the past few months. Loan growth was 13.26% last February. However, the creation of new loans also decreased due to the decrease in opening of import letters of credit (LCs).

Source: https://www.tbsnews.net/economy/banking/bank-deposits-rise-660118

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑10.87↑0.03 %
FTSE100$ 7,519.72↓ 7.54↓ 0.10 %
Nikkei 225$ 33,350.36↓ 72.16↓ 0.22 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.90↑ 1.11↑ 1.59 %
Crude Oil (Brent)$ 75.80↓ 0.45↓ 0.59 %
Gold Spot$ 1,925.16↓ 0.32↓ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.7800
BDT 108.8500

*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