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 June 02, 2022

May remittances fall 13%

Money sent home by expatriate Bangladeshis fell by around 13% to $1.88 billion in May this year compared to the corresponding month last year, the central bank said on Wednesday. The country had received $2.01 billion from the expatriates in April this year, according to the Bangladesh Bank, which means May remittance inflow fell by 6.23% from the previous month. The country received $19.19 billion as remittances in the 11 months of the current fiscal year (July-May), 15.94% lower than the corresponding period of the previous year. After dipping for five months in a row in the fiscal 2021-22, remittances started resurging in December and January, but stumbled again in February. The major macroeconomic factor rebounded in March and continued the boost in April to $2.01 billion – the highest in the previous 11 months. The government set a $26 billion remittance target for FY22. However, the country received $19.19 billion in the first 11 months of the current year, which is around 73% of the target.

Source: https://www.tbsnews.net/economy/remittance-inflow-decreases-13-may-431098

IFIC Bank to issue Tk 500cr bonds

IFIC Bank has received regulatory approval to raise Tk 500 crore through the issuance of unsecured, non-convertible bonds. The approval came in a meeting of the Bangladesh Securities and Exchange Commission yesterday. Fully redeemable and with a floating rate, the fund would be raised through private placement for financial institutions, insurance companies and corporates. Each unit price of the bond is Tk 1 crore. With the bond proceeds, the lender will strengthen its Tier 2 capital base.

Source: https://www.thedailystar.net/business/economy/banks/news/ific-bank-issue-tk-500cr-bonds-3037371

Mercantile Bank launches seven new cards

Mercantile Bank Limited Wednesday launched seven new card services for the customers. MBL Chairman Morshed Alam, MP inaugurated the cards at a press conference at MBL head office in city on the occasion of its 23rd anniversary. All the cards contain contactless technology and having EMV security features. Cardholders will not need any issuance fee or annual fee for the first year, MBL officials said at the press meet. Taqwa Islami credit cards are designed to meet the customer’s transactional needs strictly adhering to the shahriah principles. Besides this, Taqwa cardholders will enjoy lowest maintenance fee, global usage-dual currency, free access to Balaka Executive Lounge etc.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-launches-seven-new-cards-1654101958

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,813.23
↓ 176.89↓ 0.54 %
FTSE100$ 7,532.95↓ 74.71↓ 0.98 %
Nikkei 225$ 27,409.93↓ 47.96↓ 0.17 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 113.08↓ 2.18↓ 1.89 %
Crude Oil (Brent)$ 114.32↓ 1.97↓ 1.69 %
Gold Spot$ 1,844.81↓ 1.79↓ 0.10 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 89.0000
GBP 1BDT 112.2112
EUR 1BDT 95.5593

*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