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 25, 2020

BSEC active to reform the stock market

A number of regulatory measures are underway to enhance investors’ participation and the depth of the stock market along with ensuring its sustainable development in the long run. The opening of digital trading booth in home and abroad is a matter of time now as the Bangladesh Securities and Exchange Commission (BSEC) has almost finalized the draft rules in this regard. The BSEC officials said they are working to ratify the laws and regulations for the securities regulator, issuers and other stakeholders of the capital market to enhance their capacity building. Meanwhile, the Financial Institutions Division (FID) of the ministry of finance (MoF) has drafted an act accommodating the Securities and Exchange Ordinance, 1969 and the Bangladesh Securities and Exchange Commission Act, 1993. Taking into account the margin loan dependent capital observed in 2010, the BSEC wants the enforcement of margin rules without ‘fear and favour’. Meanwhile, the BSEC has floated tenders seeking consultants who will prepare road maps for technical innovation of the securities regulator and Investment Corporation of Bangladesh (ICB). The securities regulator has also ordered the Dhaka Stock Exchange (DSE) to upgrade its website through efficient manpower.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bsec-active-to-reform-the-stock-market-1603551946

ONE Bank signs deal with Hotel Tropical Daisy

ONE Bank Limited has recently signed an agreement with Hotel Tropical Daisy Managed by Lifestyle Hotel BD Limited. Md Kamruzzaman, head of retail banking of ONE Bank Limited, and Shahed Azaz Ahmed, managing director of Hotel Tropical Daisy, signed the agreement on behalf of their respective organisations. Under the deal, ONE Bank credit, debit and prepaid card holders will enjoy 50 per cent discount on room rent, 15 per cent discount on all food items and 10 per cent discount at coffee corner round the year. High officials of both the organisations were also present on this occasion..

Source: https://today.thefinancialexpress.com.bd/trade-market/one-bank-signs-deal-with-hotel-tropical-daisy-1603550510

City Bank and World Vision Bangladesh ink deal

City Bank will work with World Vision Bangladesh (WVB) to facilitate access to banking service to financially disadvantaged people. Initially, City Bank and WVB made an bilateral agreement to reach banking service through agent banking in Satkhira and Khulna. The agreement will improve financial inclusion through decentralize banking service to help country to attain sustainable development goal. Mashrur Arefin, Managing Director & CEO of City Bank and Suresh Bartlett, National Director of World Vision Bangladesh signed the agreement on behalf of their vespective organizations. Among others, Md. Zafrul Hasan, Head of Digital Financial Servises and Kamrul Mehedi, Head of Small Business of City Bank, Rakesh Katal Chief of Party – NoboJatra Project and Alex Bekunda, Deputy Chief of Party – Nobo Jatra Project and other senior officials of the two organizations were also present.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/city-bank-and-world-vision-bangladesh-ink-deal-1603551906

SIBL opens Akbarshah Subbranch in Chattogram

Social Islami Bank Limited (SIBL) opened its 51st Subbranch at Akbarshah, Chattogram recently. Managing Director & CEO Quazi Osman Ali inaugurated the Akbarshah Subbranch as chief guest through virtual platform.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/sibl-opens-akbarshah-subbranch-in-chattogram-1603551891

MTB rides on trail-blazing digital innovations

Mutual Trust Bank Limited (MTB) has planned to double its financing in retail and small and medium enterprises (SME) for minimising risk with diversifying portfolios by 2022, the bank’s top executive has said. Under the MTB’s new plans, the investment in retail and SMEs will be reached to 50 per cent of its total loans and advances within the next two years from the existing level of 25 per cent. The private commercial bank (PCB) started its journey with a promise – ‘You can bank on us’ which has both a literal and metaphorical meaning – on October 24, 1999. FinTech is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services using smartphones or the internet. MTB has introduced Green PIN Service for its cardholders with a view to enhancing green banking and sustainable development, according to the CEO. This paperless service will facilitate MTB Cardholders to set their new card PIN, change the old PIN as well as reset the old PIN instantly just by calling MTB 24/7 Contact Centre at 16219 from their registered phone numbers. The BB’s latest moves came against the backdrop of slower progress in loan disbursement under the package for the CMSMEs until September 30. The banks and non-banking financial institutions (NBFIs) disbursed Tk 48.23 billion of the stimulus package by then. The disbursed amount is 24.18 per cent of the total Tk 200 billion financial support for the sector. Loans amounting to Tk 58.82 billion were sanctioned for nearly 27000 CMSMEs during the period, according to the central bank’s latest statistics. In 2019, total assets of the bank grew by 15.49 per cent to Tk 256.91 billion, marking a milestone in the bank’s annals. It was supported by a prudent 14.20 per cent growth in gross loans which amounted to Tk 189.73 billion at the year closing while the total deposit grew by 14.92 per cent to Tk 190.95 billion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-rides-on-trail-blazing-digital-innovations-1603551798

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 28,335.57
↓ 28.09↓ 0.10 %
FTSE100$ 5,860.28↑ 74.63↑ 1.29 %
Nikkei 225$ 23,516.59↑ 42.32↑ 0.18 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 39.85↓ 0.79↓ 1.94 %
Crude Oil (Brent)$ 41.77↓ 0.69↓ 1.63 %
Gold Spot$ 1,902.05↓ 2.06↓ 0.11 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8050
GBP 1BDT 111.5016
EUR 1BDT 100.6211
INR 1BDT 1.1524





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