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 November 20, 2023

Online banking growing faster in rural areas

In 2019 to 2023, online banking branches grew by 39% in rural areas, 15% in urban. The adoption of online banking in rural Bangladesh has soared thanks to the rise in the number of internet users. At present, out of the 11,233 fully online banking branches in Bangladesh, 47 percent are in rural areas and 53 percent urban. As of September of 2023, some 5,300 fully online banking branches were in rural areas where as 5,933 in urban. However, the scenario was quite different in 2019 when there were only 3,809 fully online banking branches in rural areas against 5,145 in urban. In a period between 2019 and 2023, online banking branches in urban areas grew by 15.31 percent whereas the growth was 39.11 percent in case of rural areas. From 2019 to 2023, the fully online banking branches witnessed a whopping 6.8 percent compound annual growth in rural areas while the rate was 2.9 percent in urban areas, according to the Bangladesh Bank data.

Source: https://www.thedailystar.net/business/news/online-banking-growing-faster-rural-areas-3473621

Bangladesh’s apparel exports increase 5.95% worldwide

Bangladesh apparel export worldwide has increased by 5.95% to $14.78 billion in July-October of FY2023-24 compared to the $13.95 billion in the same time period one year earlier. Meanwhile, the export to the European Union reached $7.06 billion, with 3.99% growth during July-October, of FY 2023-24, compared to the same period of previous fiscal year, according to the latest statistics Export Promotion Bureau (EPB). The RMG export to Spain, France, Netherlands, and Italy showed 18.07%, 2.56%, 12.73% and 9.88% growth respectively. On the other hand, Germany the largest export market in the EU declined by 11.49% with an amount of $1.81 billion compared to the $2.04 billion in July-October period of FY2022-23. Also, the RMG export to the US stood $2.57 billion in July-October 2023-24 with declined 3.05% Y-O-Y growth. At the same time, exports to UK and Canada reached $1.8 billion and $462.86 million, with positive 14.63% and negative 1.53% growth respectively.

Source: https://www.tbsnews.net/economy/rmg/bangladeshs-apparel-exports-increase-595-worldwide-740510

 Zakia Rouf elected vice chairman of Bank Asia

Zakia Rouf Chowdhury was elected as vice chairman of Bank Asia Limited at the 508th meeting of the board of directors of the bank. She has a business career of more than 35 years in the private sector of Bangladesh. Since the inception of Rangs Group, she has been holding leadership positions at several concerns of the group — one of the largest business houses in Bangladesh. Currently, Zakia Rouf Chowdhury serves as the chairman of Sea Resources Group, Rangs Pharmaceuticals Limited, Ranks Construction Limited, Ranks-Agro Industries Limited, and Zhen Natural Limited. She is also the managing director of Ranks Real Estate Limited and Ranks Food & Beverage Limited. She is one of the directors of Rangs Limited, Rangs Motors Limited, Rangs Properties Limited, Rancon Autos Limited, Ranks Interior Limited, Ranks Appliance Limited and a few other Rangs concerns.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/zakia-rouf-elected-vice-chairman-of-bank-asia-1700412260

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,947.28
↑ 1.81↑ 0.01 %
FTSE100$ 7,504.25↑ 93.28↑ 1.26 %
Nikkei 225$ 33,421.36↓ 163.84↓ 0.49 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 76.45↑ 0.56 ↑ 0.74 %
Crude Oil (Brent)$ 81.23 ↑ 0.62↑ 0.77 %
Gold Spot$ 1,982.08↑ 1.26↑ 0.06 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 111.0000
BDT 111.0000

*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