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 20, 2022

CMSMEs get Tk 25,000cr

Bangladesh Bank yesterday unveiled a Tk 25,000 crore refinance scheme for cottage, micro, small and medium enterprises (CMSMEs) in order to increase their access to finances. Borrowers in the CMSME sector will get funds in the form of term loans, whose tenure is more than one year, from the scheme, according to a central bank notice. Considered the backbone of the economy, the CMSME sector is contributing to the country by generating jobs and manufacturing items, cutting Bangladesh’s reliance on imported items. There are 78 lakh such units across the country as per the latest data from the Bangladesh Bureau of Statistics. Under the new scheme, banks and non-bank financial institutions (NBFIs) will receive funds at 2 per cent from the central bank, while CMSME borrowers will get loans at a maximum interest rate of 7 per cent. Lenders will have to distribute at least 75 per cent of the loans among cottage, micro and small enterprises and a maximum of 25 per cent among medium-sized firms. Of the total loans, at least 70 per cent must go to the manufacturing and services sectors and the rest to the trading sector.

Source: https://www.thedailystar.net/business/economy/news/cmsmes-get-tk-25000cr-3074656

Bangladesh Bank instructs to export £20, £50 paper notes by 30 September

The Bangladesh Bank has instructed banks dealing in foreign currency to export £20 and £50 paper notes by 30 September. The Foreign Exchange Policy Department of the central bank issued a circular in this regard Tuesday (19 July). A senior official of Bangladesh Bank said that the decision was taken to export these notes out of the country as the UK central bank announced to withdraw these two notes from the market. Paper £20 and £50 banknotes of Bank of England will no longer be legal tender from September 30, 2022. Banks having stock of such paper notes are advised to export the currencies by the stipulated time frame without fail.

Source: https://www.tbsnews.net/economy/bangladesh-bank-instructs-export-ps20-ps50-paper-notes-30-sept-461166

Prime Bank teams up with Green Delta Insurance

Prime Bank has partnered with Green Delta Insurance Company Limited (GDIC), one of the leading insurance providers in the country, to provide insurance facilities for Prime Bank Car & Home Loan customers. With this partnership, Prime Bank’s Car & Home Loan customers can avail insurance policy to cover the risks of their vehicle or real estate property with ease. ANM Mahfuz, DMD & CBO, Consumer Banking Division, Prime Bank, and Syed Moinuddin Ahmed, Additional Managing Director, GDIC, signed a Memorandum of Understanding (MoU) to this end on behalf of their respective organisations recently.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/prime-bank-teams-up-with-green-delta-insurance-1658249390

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,827.05
↑ 754.44↑ 2.43 %
FTSE100$ 7,296.28↑ 73.04↑ 1.01 %
Nikkei 225$ 27,624.26↑ 662.58↑ 2.46 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 103.88↓ 0.34↓ 0.33 %
Crude Oil (Brent)$ 106.96↓ 0.39↓ 0.36 %
Gold Spot$ 1,712.68↑ 1.01↑ 0.06 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 93.9410
GBP 1BDT 112.3360
EUR 1BDT 95.2935

*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