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 21, 2022

Even with relaxed repayment, banks waive Tk1,855cr interest in 2021

Despite relaxed repayment facilities and quite usual economic activities, banks waived Tk1,855 crore loan interest in 2021 – which is Tk277 crore more than what it was in the previous year. Top banking experts have termed the rise in loan waiving “a bad signal” to the sector, as efforts to check the default loan turn futile. They said banks had to provide the customers with a bigger cushion during the Covid-hit 2020, as the respites included waiving more interest and relaxing repayment facilities. According to the Bangladesh Bank, banks waived Tk1,194 crore interest in 2018 as the figure jumped to Tk2,293 crore next year. It dropped slightly to Tk1,578 crore in 2020, and spiralled again to Tk1,855 crore last year.  Since the facility was introduced in 2003, a total of Tk58,468 crore has been written off till December 2021. Banks wrote off more than Tk2,440 crore till December 2021, while the amount in previous year was Tk970 crore. According to the central bank, ten banks failed to maintain their capital base by the end of 2021 as their capital shortfall stood at Tk34,639 crore.    

Source: https://www.tbsnews.net/economy/banking/even-relaxed-repayment-banks-waive-tk1855cr-interest-2021-388310

Air passengers likely to grow threefold by 2040

Bangladesh’s domestic and international airline passengers as well as cargo traffic are expected to increase around three times between 2019 and 2040, according to aircraft maker Airbus. The number of domestic and international air passengers in the country is also likely to grow at 5.9 per cent annually which is twice the world average over the period. The high-ups of the Europe-origin aerospace company made the predictions at a ceremony organised at VVIP Terminal of Hazrat Shahjalal International Airport (HSIA) on Sunday to demonstrate its A350 series. Bangladesh’s aviation market is now growing at 9.0 per cent annually which is 50 per cent higher than the global average of 6 per cent. It is the only all-new design aircraft in the 300 to 410-seater categories, offering the lowest cost per seat of any large widebody.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/air-passengers-likely-to-grow-threefold-by-2040-1647798607

ONE Bank arranges $17.78m for Technaf Solartech

ONE Bank has recently arranged a syndicated IPFF II Facility of USD 17.78 million for Technaf Solartech Energy Limited, a concern of Expo Group. Bangladesh Infrastructure Finance Fund Limited (BIFFL) and ONE Bank Limited (OBL) have jointly participated in the subject finance in USD for 13 years through a syndication led by OBL. Technaf Solartech has been operating a 20 MW national grid-tied solar power plant located on the shores of the Naf river in Teknaf under a power purchase agreement with the Bangladesh Power Development Board for 20 years.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/one-bank-arranges-1778m-for-technaf-solartech-1647798558

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,754.93
↑ 274.17↑ 0.80 %
FTSE100$ 7,404.73↑ 19.39↑ 0.26 %
Nikkei 225$ 26,827.43↑ 174.54↑ 0.65 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 107.88↑ 3.18↑ 3.04 %
Crude Oil (Brent)$ 111.05↑ 3.12↑ 2.89 %
Gold Spot$ 1,926.57↑ 4.95↑ 0.26 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 113.3824
EUR 1BDT 95.1074

*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