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 21, 2022

Exports of electric goods surge to $100m

Locally manufactured electric products, namely transformers and accumulators, are gaining popularity abroad as the industry’s annual export earnings touched a record-high of $100 million in the just concluded fiscal year. The last time export proceeds from electric goods even came close to the current level was back in fiscal 2014-15, when outbound shipments fetched a total of $90 million. The industry’s annual foreign earnings had fallen to around $65 million the following fiscal and despite a slight recovery in the year after, export receipts continued on a downward trend, hitting a low point of around $39 million in FY20. Exports then ballooned by about 71 per cent in fiscal 2019-21 before going on to hit $67 million in fiscal 2020-21, according to the Export Promotion Bureau (EPB).

Source: https://www.thedailystar.net/business/economy/news/exports-electric-goods-surge-100m-3075556

Idcol to get $256.5m global climate loan

Infrastructure Development Company Limited (Idcol) yesterday signed an agreement to receive $256.5 million from the Green Climate Fund (GCF) to promote private sector investment through large-scale adoption of energy-efficient technologies in the textile and garment sectors. The GCF is the world’s largest climate fund, mandated to support developing countries raise and realise their nationally determined contributions and ambitions towards low-emissions and climate-resilient pathways. The GCF’s governing instrument was approved by the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). Set up in 1997, Idcol is a government-owned non-bank financial institution working to catalyse private sector investment in areas such as renewable energy and infrastructure.

Source: https://www.thedailystar.net/business/economy/news/idcol-get-2565m-global-climate-loan-3075566

EBL wins ‘Best Domestic Bank’ award

Eastern Bank Limited (EBL), a leading private sector commercial bank of the country, has been awarded as the Bangladesh’s Best Domestic Bank 2022 by Asiamoney, a renowned global financial publication. During the challenging period of Covid-19 pandemic, Eastern Bank made few strategic moves to rein in operating costs, leverage strong growth in traffic on its digital platforms and social media channels, and offer new and innovative services through the bank’s mobile apps. In 2021, EBL’s tier-1 capital rose 11.4 per cent year on year to Tk 26.1 billion and overall assets jumped 15.4 per cent to Tk 388.8 billion. Net profits rose 13.5 per cent in 2021 and return on equity was 15.5 per cent, up from 15 per cent in 2020. In 2021, the bank declared a 35 per cent dividend to shareholders, the highest in Bangladesh’s banking industry.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ebl-wins-best-domestic-bank-award-1658336775

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,874.84
↑ 47.79↑ 0.15 %
FTSE100$ 7,264.31↓ 31.97↓ 0.44 %
Nikkei 225$ 27,706.97↑ 26.71↑ 0.10 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 102.26↓ 1.96↓ 1.88 %
Crude Oil (Brent)$ 106.25↓ 0.67↓ 0.63 %
Gold Spot$ 1,691.61↓ 4.97↓ 0.29 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 93.9410
GBP 1BDT 112.7306
EUR 1BDT 96.0921

*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