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 18, 2022

Bank borrowing triples in FY ’22

Government bank borrowings nearly tripled in the past fiscal, partly being pushed by need for financing budget deficit, officials say, raising its debt liability. Its aggregate net bank borrowings rose to Tk 727.49 billion as on June 30 last from Tk 242.92 billion in the same period of the previous fiscal year, according to Bangladesh Bank’s confidential report. During the aforementioned period, the government also borrowed Tk 70.15 billion from non-banking sources through net issuance of treasury bills (T-bills) and bonds. In FY’22, the government enhanced its bank-borrowing target by more than 14 per cent to Tk 872.87 billion on the same ground. The original target was Tk 764.52 billion for the fiscal. Official figures show that the net sales of NSCs dropped by more than 51 per cent to Tk 181.57 billion during the July-May period of the FY’22, from Tk 373.86 billion in the same period of the previous fiscal year. The bank borrowings for the FY’23 would be enhanced by nearly 22 per cent than the revised target of Tk 872.97 billion for the past fiscal year, according to the proposed budget documents.

Source: https://today.thefinancialexpress.com.bd/first-page/bank-borrowing-triples-in-fy-22-1658080399

BB lifts interest rate ceiling on NFCDs

The Bangladesh Bank (BB) on Sunday withdrew the interest rate ceiling on non-resident foreign currency deposits (NFCDs) to raise the inflow of foreign currency into the country and ease the ongoing pressure in the foreign exchange market. The central bank had earlier asked the banks to set the interest rate in line with the euro currency deposit rates. But through the circular, the BB has now made the rate competitive. The banks are allowed to avoid such ceiling to mobilise deposits from non-resident Bangladeshis and Bangladeshi-origin individuals, including those having dual nationality and residing abroad. The withdrawal of interest rate ceiling is also applicable for the foreign companies, firms registered or incorporated abroad, and banks and other financial institutions, including institutional investors. This is applicable for the 100 per cent foreign owned or A-type industrial units in the EPZs/EZs and hi-tech parks.

Source: https://today.thefinancialexpress.com.bd/last-page/bb-lifts-interest-rate-ceiling-on-nfcds-1658081091

Padma Bridge gets Tk 500m in tolls in 20 days

The Bangladesh Bridge Authority says that Padma Bridge has earned about Tk 525.5 million in tolls in the first 20 days since it was opened to traffic, reports bdnews24.com. Officials involved in the project also say that the lower level of the bridge, to be used for rail lines, will be turned over to rail authorities on Sunday. A total of 450,312 vehicles crossed the bridge in the first 20 days, according to Mahmudur Rahman, executive engineer of the Padma Bridge Site Office.

Source: https://today.thefinancialexpress.com.bd/trade-market/padma-bridge-gets-tk-500m-in-tolls-in-20-days-1658075425

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,288.26
↑ 658.09↑ 2.15 %
FTSE100$ 7,159.01↑ 119.20↑ 1.69 %
Nikkei 225$ 26,788.47↑ 145.08↑ 0.54 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 97.98↑ 0.39↑ 0.40 %
Crude Oil (Brent)$ 101.90↑ 0.74↑ 0.73 %
Gold Spot$ 1,715.89↑ 7.72↑ 0.45 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 93.9500
GBP 1BDT 111.3871
EUR 1BDT 94.8049

*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