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 29, 2021

Banks, bourses remain closed on Aug 1, 4

The central bank has ordered all the scheduled banks to keep their operations closed on Sunday and Wednesday next week following higher coronavirous infections and deaths in Bangladesh recently. The central bank also asked the banks to provide services on a limited scale on August 01, 03 and 05 by keeping open their branches from 10 am to 4:00 pm instead of 3.00pm, according to a notification issued by the central bank on Wednesday. Banking transaction period has also been re-fixed from 10:00am to 2:30 pm instead of 10:00am to 1:30 pm earlier in each working day. The banks have also been asked to ensure transactions by arranging smooth operations of alternative delivery channels (ADCs) round the clock during the period. The ADCs cover the operations of ATM (automated teller machine), POS (point of sale), e-payment gateway, and mobile financial services (MFS). Meanwhile bdnews24.com adds: The stock market’s trading hours for next week have also been revised.

Source: https://today.thefinancialexpress.com.bd/first-page/banks-bourses-remain-closed-on-aug-1-4-1627495683

Most listed banks see whopping growth in EPS

Standard Bank has returned to profit in the second quarter (Q2) that ended on June 30, 2021 against the same quarter last year while Dutch-Bangla Bank’s earnings dropped slightly in April-June, 2021. IFIC Bank, NRB Commercial Bank, Eastern Bank have also posted between 88 per cent and 422 per cent EPS growth in April-June, 2021, according to filings with the Dhaka Stock Exchange (DSE) on Wednesday. Most listed banks have registered such whopping growth in EPS amid stable interest rate, bullish capital market, investing in bonds, and lower provisions against defaulted loans owing to the postponed loan classification, said a top banker, requesting anonymity. Standard Bank: Standard Bank’s un-audited consolidated earnings per share (EPS) stood at Tk 0.06 in April-June, 2021, as against loss of Tk 0.31 per share in the same quarter a year earlier. The bank’s consolidated EPS for six months that ended on June 30, 2021, also rose 283 per cent to Tk 0.23, up from Tk 0.06 in the same period last year. Following the news, its shares price rose 1.08 per cent to close at Tk 9.40 each on Wednesday. IFIC Bank: IFIC Bank has posted an impressive 422 per cent increase in its earnings in the second quarter that ended on June 30, 2021 compared to the same quarter of the previous year. The bank’s consolidated earnings per share (EPS) stood at Tk 0.47 in April-June, 2021 as against Tk 0.09 in the same period a year ago. The bank’s consolidated EPS for six months ended on June 30, 2021, also rose to Tk 0.91 for January-June 2021 as against Tk 0.51 for January-June 2020.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/most-listed-banks-see-whopping-growth-in-eps-1627494012

 New mobile financial service ‘tap’ launched

A new mobile financial and payment service Trust Axiata Pay, styled as ‘tap’, was launched on Wednesday. General S M Shafiuddin Ahmed, Chairman of Trust Axiata Digital Limited, company that owns ‘tap’, announced the commercial operation of the country’s newest mobile financial and payment service in an inaugural ceremony held at the Trust Bank head office in the city. HumairaAzam, managing director and chief executive officer of Trust Bank Limited said, “Trust Bank aims to provide the best banking services to the people of the country. This is the reason for our partnership with Axiata Group. I believe digital transaction services can reach new heights through this partnership.”`tap’ has brought the service aiming to promote cashless and universal banking meaning anytime-anywhere payments-transactions using mobile phones in Bangladesh. The service will cater to all customers, corporate and government payments like merchant shopping, bill payment, fund transfer, cash-out from agent, add money from bank, insurance bill, passport fees, utility bill, NID fee, tuition fees, mobile recharge and, e-commerce.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-mobile-financial-service-tap-launched-1627494071

 First Finance gets new MD & CEO

Mohammed Mosharaf Hossain has joined the First Finance Limited as its Managing Director and CEO recently. Mr Hossain started off his banking career in 1987 as a probationary officer of Uttara Bank Limited and worked in different branches as branch manager, Zonal Offices as zonal head and in different important departments of Head Office before serving as an Additional Managing Director of the bank. He obtained master’s degree in accounting from the Dhaka University.

Source: https://today.thefinancialexpress.com.bd/trade-market/nagad-to-issue-tk-50b-zero-coupon-bond-1627404002

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,930.93
↓127.59↓ 0.36%
FTSE100$ 7,016.63↑20.55↑0.29%
Nikkei 225$ 27,776.07↑194.41↑0.70%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 72.64↑0.25↑0.35%
Crude Oil (Brent)$ 75.00↑0.26↑0.35%
Gold Spot$ 1,815.16↑8.05↑0.45%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8050
GBP 1BDT 117.7263
EUR 1BDT 100.2225





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