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 26, 2022

Foreign aid commitments rise, disbursement falls in Q1

The government has been able to secure huge aid commitments from development partners from July to September, the first three months of the fiscal year, but foreign aid disbursements have decreased due to the lack of spending capacity of government agencies. Foreign aid commitments increased by 331% during the July-September period amounting to $405.40 million, which was $94.03 million in the same period last fiscal, according to Economic Relations Department (ERD) data.Foreign aid disbursement, on the other hand, stood at $1.34 billion, which is a 30% decrease compared to the same period last year, when the disbursement was $1.93 billion.Although aid commitments have increased compared to the last fiscal year, no pledges came from major development aid organizations except the World Bank, according to ERD sources.

Source: https://www.tbsnews.net/economy/foreign-aid-commitments-rise-disbursement-falls-q1-520118

Premier Bank to grow further on new trends

The Premier Bank Limited celebrates its 23rd anniversary today. Set up in 1999, it is one of the strongest banks in Bangladesh today with the lowest non-performing loan ratio. Its deposit base and loans have expanded in the last two decades. Recently, M Reazul Karim, managing director of Premier Bank, spoke about the bank’s journey, digital banking and new challenges and opportunities for banks, during an interview with The Daily Star. DS: Premier Bank is going to celebrate its 23rd anniversary today. Please tell us about the journey?Karim: The Premier Bank has been on a roll since its inception. From the very beginning, the bank has been playing an active role in the country’s economic development through financing to industrial, commercial and agricultural projects.Over the last few years, we have achieved enviable success in all indicators. In the last five years, there has been more than 50 per cent growth in most of the indicators.

Source: https://www.thedailystar.net/business/economy/news/premier-bank-grow-further-new-trends-3152286

Salim Anwar to head Padma Bank’s Islamic banking division

Islamic banking veteran Salim Anwar has joined Padma Bank Limited as its head of the Islamic banking division.Fourth generation Padma Bank Limited is going to launch a Shariah-based ‘Padma Bank Islami Banking’ division. Initiatives have already been taken to open Islamic banking windows in some branches, reports UNB citing a press release. Before joining Padma Bank, Salim Anwar was the Head of the Internal Control and Compliance Wing at Islami Bank Bangladesh Limited.He started his banking career at Islami Bank Bangladesh Ltd as a probationary officer in 1992. During his 30 years career, Salim Anwar served in Commercial Investment Department, Investment Policy and Planning Department and Musharaka Department in the Head Office and various branches.Besides, he served as Head of Branch in different branches for 16 years including two corporate branches.

Source: https://thefinancialexpress.com.bd/trade/salim-anwar-to-head-padma-banks-islamic-banking-division-1666714454

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 337.12 ↑ 1.07%
Nikkei 225$27,539.17↑288.89↑1.06%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$84.99 ↓0.33↓0.39%
Crude Oil (Brent)$92.93 ↓0.59↓0.63%
Gold Spot$1,657.03↑3.86↑0.23%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 100.4100
BDT 104.9000

*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