Bangladesh received $2.03bn remittance in Aug
Bangladesh received inward remittance worth US$2.03 billion in August — raising hope amidst a forex crisis.
In July, the first month of FY2022-23, migrant workers sent home $2.09 billion remittance, said a Bangladesh Bank report.
The inward remittance flow was $1.87 billion in July and $1.81 billion in August in FY 2021-22.
Bangladesh received $21.03 billion remittance in FY22, showing a 15 per cent fall from $24.77 billion inward remittance in FY21. The remittance flow in the first two months of the current fiscal year is providing a glimmer of hope for forex reserve — crucial to meet the growing import demands.
NCC Bank gets chairman, vice-chairman
NCC Bank has re-elected its chairman, Md Abul Bashar, for the next one year and elected a vice-chairman, Sohela Hossain.
Bashar started working at the Prime Group of Industries as deputy managing director over 20 years ago. He is the managing director of the group’s recycling division and Prime Financial Consultants and Equities. He obtained a bachelor’s degree in management information systems from the US. Hossain is also the chairman of Mir Akhter Hossain and president of Mir Cement, Mir Real Estate and Mir Concrete Products.
Islamic banks’ deposits cross Tk 4 lakh crore for first time
Deposits into shariah-based Islamic banks rose by 12 per cent to Tk 4.12 lakh crore at the end of June 2022 from 3.68 lakh crore at the same period last year. It was the first time that the deposit of Islamic banks crossed Tk 4 lakh crore.
In terms of total deposits, however, the Islamic banks’ market share dropped to 26.19 per cent in April-June from 28.21 per cent in January-March period of 2022. Out of a Tk 15,74,378-crore total deposit into the banking system at the end of June, the Islamic banks held Tk 4,12,341 crore, according to the Bangladesh Bank’s latest quarterly report.Of the total Tk 4.12 lakh crore deposit of Islamic banks, demand deposit was Tk 52,493 crore and time deposit was Tk 3,59,848 crore.390.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 337.98||↓ 1.07%|
|FTSE100||$7,281.19 ||↑ 132.69||↑ 1.86%|
|Nikkei 225||$27,650.84||↓ 10.63 ||↓ 0.04%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$86.87 ||↑ 0.26||↑ 0.30%|
|Crude Oil (Brent)||$93.02||↑ 0.66||↑ 0.71%|
|Gold Spot||$1712.19||↑ 14.67||↑ 0.86%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 95.0000|
|GBP 1||BDT 110.4375|
|EUR 1||BDT 95.5795|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<