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 March 01, 2022

Private credits grow as trade demand rises

Credit flow into Bangladesh’s private sector increases further as demand for loans, particularly for trade financing, grows for settling import payments. The reopening of the country’s overall business activities has helped push up the credit growth, officials say about the January upturn. According to the central bank’s latest statistics, the credit flow rose to 11.07 per cent in January 2022 on a year-on-year basis, from 10.68 per cent a month before. It was 3.73-percentage points lower than the Bangladesh Bank (BB) target of 14.80 per cent for the second half (H2) of fiscal year (FY) 2021-22.Bangladesh’s overall import expenses jumped more than 54 per cent to $38.97 billion during the July-December period of FY ’22 from $25.23 billion in the same period a year ago. On the other hand, the settlement of letters of credit (LC), generally known as actual import, in terms of value, rose by nearly 7.0 per cent to $6.41 billion in January – from nearly $6.0 billion in the previous month.Meanwhile, outstanding loans with the private sector rose to Tk 12,662.57 billion in January 2022 from Tk 12,632.47 billion in the previous month.

Source: https://today.thefinancialexpress.com.bd/first-page/pvt-credits-grow-as-trade-demand-rises-1646071849

BIDA proposes reforms in 24 sectors

Bangladesh Investment Development Authority (Bida) has proposed reforms in 24 sectors, including allowing private investment in the power transmission sector and foreign investment in the transport sector. Bida will send the proposals, based on the recommendations from investors at the International Investment Summit 2021 held last November, to the Prime Minister’s Office.The government announced stimulus packages amounting to a combined fund of more than Tk1 lakh crore to help local businesses bounce back from pandemic-induced losses. The government is encouraging private investment in all sectors. In this case, the government is only giving policy support. Some 100 economic zones, both public and private, will provide fertile ground for investment.

Source: https://www.tbsnews.net/economy/bida-proposes-reforms-24-sectors-377950

Prime Bank signed agreement with BUET

Prime Bank Limited has signed an agreement with Bangladesh University of Engineering & Technology (BUET). Under this agreement, tuition fees deposited by a BUET student at any Prime Bank Branch will be added in real time to the central account of BUET maintained by Prime Bank.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/prime-bank-signed-agreement-with-buet-1646070650

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,892.60
↓166.15↓0.49 %
FTSE100$ 7,458.25↓31.21↓0.42 %
Nikkei 225$ 26,912.27↑385.45↑1.45 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 96.40↑0.68↑0.71%
Crude Oil (Brent)$ 100.99↑3.06↑3.12%
Gold Spot$ 1,905.51↓3.48↓0.18 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 115.3174
EUR 1BDT 96.9306

*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