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 September 28, 2022

‘Bangladesh likely to get $12.0b to $15.0b loan support from ADB over next five years’

Bangladesh expects to get $12.0 billion to $ 15.0 billion loan support from the Asian Development Bank under its Country Partnership Strategy (CPS) (2021-2025), according to Finance Minister AHM Mustafa Kamal.The minister came up with the statement on Tuesday after a bilateral meeting with ADB President MasatsuguAsakawa at the ADB headquarters in Manila as part of the annual meeting of the lending agency, reports BSS.Kamal said the ADB has helped developing countries including Bangladesh with quick vaccines and expenditure support to make recovery from the economic and health crisis in the Asia and Pacific region.”The important matter is that the Bangladesh-ADB Country Partnership Strategy (2021-2025) has been prepared in line with Bangladesh’s national development and goals, which is expected to provide us with $12.0 billion to $15.0 billion in credit over the next five years,” he said.

Source: https://thefinancialexpress.com.bd/economy/bangladesh-likely-to-get-120b-to-150b-loan-support-from-adb-over-next-five-years-1664287055

Private credit growth surges, nears Bangladesh Bank target

Bangladesh’s private sector credit growth surged to 14.07 per cent in August, almost touching the central bank’s target for the entire fiscal year, an ominous sign for the economy since it may stoke inflationary pressures. When the Bangladesh Bank unveiled its monetary policy for 2022-23 in June, it called the stance contractionary. But the ongoing credit expansion in the private sector does not bode well for the central bank’s stance aimed at reining in inflation. The BB has set a private credit growth goal of 14.1 per cent for the fiscal year after it expanded by 14.5 per cent the year before. The credit growth has kept rising since March, data from the BB showed.Analysts say that the contractionary monetary policy is not working owing to the interest rate cap of 9 per cent on loans. A higher credit growth means the money supply is on the rise, which will ultimately put an adverse impact on price pressures.

Source: https://www.thedailystar.net/business/economy/news/private-credit-growth-surges-nears-bb-target-3129776

Nagad gets extension for sixth time

The Bangladesh Bank has once again renewed the interim licence of Nagad as the Bangladesh Post Office (BPO) could not form a subsidiary to run the mobile financial service within the deadline.This is the sixth extension since the state-run agency secured provisional approval from the central bank in March 2020. This time, the interim licence has been extended for a year.It came on September 25 after the Directorate of Posts had sought the extension, said a BB official.


Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 225$26,015.20↓556.67↓2.10%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$77.42 ↓1.08↓1.38%
Crude Oil (Brent)$85.10 ↓1.17↓1.36%
Gold Spot$1,625.02 ↓3.88↓0.24%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 101.3900
BDT 103.0000

*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