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 October 12, 2022

BB eases single borrower, large loan exposure limit clauses

The Bangladesh Bank (BB) has relaxed conditions on single-borrower and large-loan-exposure limit in order to support industrial growth by ensuring competitive financing. “In case of credit facilities, provided to the government or against government guarantees, and against guarantees provided by Multilateral Development Bank (MDB) or Export Credit Agency (ECA) having AAA rating, the restrictions will not be applicable,” according to a circular issued by the central bank on Tuesday. The circular will come into force immediately. The BB issued this directive in exercise of its power under sections-26(Kha) and 45 of the Bank Company Act 1991, as amended. All other instructions provided in the previous circular – issued on January 16, 2022 – would remain unchanged.

Source: https://thefinancialexpress.com.bd/economy/bb-eases-single-borrower-large-loan-exposure-limit-clauses-1665542801

BB relaxes rules on borrowing to exporters

Bangladesh Bank yesterday said businesses that export goods guaranteed by reputed export credit agencies (ECAs) will be able to enjoy loans as per their need, even if it goes beyond the single borrower exposure limit. As per the single borrower exposure limit, banks are not allowed to give out loans that are more than 25 per cent of their capital to a single person, entity or business group. However, exporters who supply goods guaranteed by ECAs that are AAA rated by globally accepted credit rating agencies can now avail of loans beyond the single-borrower exposure limit. ECAs offer finance and other services to facilitate international trade.

Source: https://www.thedailystar.net/business/economy/news/bb-relaxes-rules-borrowing-exporters-3140446

Dollar rate gap between LCs, export earnings should be maximum Tk1: BKMEA

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) has written to the finance ministry and the Bangladesh Bank to reduce the gap between the dollar rates for importing raw materials and encashing export proceeds to Tk1. In the letter sent 8 October, the organisation also proposed making the dollar rate for encashing export earnings equal to the dollar rate of remittances – Tk108. In the letter, the BKMEA said exporters currently get Tk99 per dollar for encashing export earnings. While the dollar rate for payment of import debt is fixed at Tk104.5, banks are buying dollars at Tk105- 106 in case of back-to-back LC or any other import liability payment.

Source: https://www.tbsnews.net/economy/banking/dollar-rate-gap-between-lcs-export-earnings-should-be-maximum-tk1-bkmea-512086

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↓ 93.91 ↓ 0.32%
FTSE100$6,959.31↓31.78↓ 0.45%
Nikkei 225$26,394.02↓ 722.09↓ 2.66%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$88.81↓ 0.54↓ 0.60%
Crude Oil (Brent)$93.86↓ 0.43↓ 0.46%
Gold Spot$1,668.77 ↑ 2.43↑ 0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 100.1000
BDT 105.0000

*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