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 29, 2021

Private sector credit increases 8.42 percent in August

Credit flow to the private sector has been growing gradually  as July and  August figures show mainly on the back of demand for working capital. Private sector credit rose to 8.42 percent in August from 8.38 percent in July, according to the central bank. July figure had also improved by .40 percentage points from June although it was still 6.8 percentage points lower than the Bangladesh Bank target. The central bank in its monetary policy for this fiscal year  had set its private sector credit flow  target at 14.8 percent which is unchanged from the previous fiscal year’s target. However, the  target could not be met last time.Meanwhile, outstanding loans with the private sector rose to Tk 11,870.11 billion in July from Tk 10,952.02 billion a year ago. It was Tk 11,888.55 billion in June 2021.

Source: https://www.tbsnews.net/economy/banking/private-sector-credit-increases-842-percent-august-308848

Core index hits new high as banks, financial stocks surge

The key index of Dhaka Stock Exchange (DSE) soared to new high as investors put fresh bets on stocks amid positive expectations. The market opened on a positive note and the upward trend sustained till the end following the news that the central bank allowed banks to invest the entire special fund in asset-backed green Sukuk. DSEX, the benchmark index of the DSE, went up 45.52 points or 0.62 per cent to settle at more than 7,297 – the highest since its inception nearly nine years back on January 27, 2013. The DSE 30 Index, comprising blue chips, rose 15.57 points to finish at 2,691, also the highest since its introduction on January 27, 2013. The DSE Shariah Index (DSES) went up 6.51 points to close at 1585. Turnover, a crucial indicator of the market, crossed Tk 21 billion-mark and amounted to Tk 21.35 billion on the DSE, which was 7.82 per cent higher than the previous day’s tally of Tk 19.80 billion.Of Tk 30 billion Sukuk, Tk 7.50 billion is supposed to be raised through initial public offering and the remaining Tk 22.50 billion is supposed to be raised through private placement. Even after the expiry of the first two deadlines for the Sukuk’s IPO, the subscription reached only 7.42 per cent, prompting the issuer of the Sukuk to seek another phase of time extension for the IPO subscription. The third phase of IPO subscription will end on September 30. The subscription of the Sukuk through private placement will continue until January 2022.The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -gaining186 points to settle at 21,334 and the Selective Categories Index – CSCX- rising 114 points to close at 12,805.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/core-index-hits-new-high-as-banks-financial-stocks-surge-1632843261

Inflation rises to 5.54% in August

he inflation was 5.36% in July, 0.28 percentage points lower than in June. The inflation rate for both food and nonfood items increased last month. And, it increased in urban and rural areas too.Despite an increase in inflation rate for all types of commodities in all areas in August, the moving average inflation for the last 12 months declined compared with the average of the same period in the previous year. The BBS’ regular release titled “Consumer Price Index (CPI), Inflation Rate and Wage Rate Index (WRI) in Bangladesh” revealed that the average inflation for the last 12 months was 5.53%, while the rate was 5.56% in the previous year.The August inflation of 5.54% means that a product or service that cost Tk100 in August 2020, is now causing consumers to spend Tk105.54. The report revealed that the inflation in the food sub-sector rose to 5.16% in August from 5.08% in July. However, non-food sub-sector inflation increased slightly to 6.13% last month from 5.80% in July.However, inflation in rural areas stood at 5.71% in August, up from 5.53% in July. The inflation rate in urban areas increased to 5.22% from 5.06% in July.

Source: https://www.tbsnews.net/economy/inflation-rises-554-august-308809

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,299.99
↓569.38 ↓1.63 %
FTSE100$ 7,028.10↓35.30↓0.50 %
Nikkei 225$ 29,395.17↓788.79↓2.61 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 74.14↓1.15↓1.53 %
Crude Oil (Brent)$ 77.91↓1.18↓1.49 %
Gold Spot$ 1,739.60↑5.59↑0.32 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.3500
GBP 1BDT 116.9380
EUR 1BDT 99.8424





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