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

Important Business News Extracts February 19, 2019

Strengthen School Banking to create savings habit, say Bankers

Bankers have stressed on strengthening of the school banking system to inspire school students in creating savings habit to ultimately help them in ensuring financial security in future. As per the report of BSS, Bankers said this at a post-rally school banking conference in Lalmonirhat recently. Rupali Bank Limited (RBL) organised the post-rally School Banking Conference-2019 at the Zila Parishad auditorium at the district town. Earlier, a big colourful rally was brought out in the town. Hundreds of school students and officials of all commercial banks of Lalmonirhat district paraded the streets and gathered at Zila Parishad auditorium to participate in the conference. Deputy Commissioner of Lalmonirhat attended the conference as the chief guest with Rangpur Zonal Manager and Deputy General Manager of RBL in the chair. The main objective of the conference was to properly run school banking activities, opening bank accounts at Tk 10 for each student for their involvement with banking activities and enhancing financial education since childhood.


StanChart projects 7.2pc growth for Bangladesh

According to projections of the Standard Chartered (StanChart), Bangladesh economy is likely to grow at a rate of 7.2 per cent during the ongoing and the next fiscal years (FY). According to an economist for South Asian region with SC, they project the Bangladesh economy to grow at around 7.2 per cent during FY 2018-19 and FY 2019-20.

Source: http://today.thefinancialexpress.com.bd/last-page/stanchart-projects-72pc-growth-for-bangladesh-1550513475

TIC opens clothes hanger factory at Meghna Economic Zone

TIC Group, an Australia-based multinational company, inaugurated its new factory at Meghna Industrial Economic Zone in Narayanganj on Monday to produce plastic hangers for the garment sector. The TIC Manufacturing (Bangladesh) Ltd, stretching over 14,000-square-metre area, has created employment opportunities for 1500 people, and the figure will increase to 5,000 in the future. Salman F Rahman, private industry and investment adviser to the Prime Minister, attended the opening ceremony on the factory premises as the chief guest.

Source: http://today.thefinancialexpress.com.bd/trade-market/tic-opens-clothes-hanger-factory-at-meghna-economic-zone-1550510156

BRAC Bank, Shahriar Steel sign deal

According to a statement, BRAC Bank Limited has signed an Employee Banking Agreement with Shahriar Steel Mills Ltd. (SSRM). SSRM, a leading manufacturer of steel products in Bangladesh, is a corporate client of BRAC Bank. Under this agreement, the employees of SSRM will enjoy exclusive benefits of Employee Banking services from BRAC Bank.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/brac-bank-shahriar-steel-sign-deal-1550511237

Islami Bank Bangladesh Limited signs agreement with DHL

Worldwide Express (BD) Islami Bank Bangladesh Limited signed an agreement with DHL Worldwide Express (BD) Pvt. Ltd. on Monday at Islami Bank Tower. In presence of Md. Mahbub ul Alam, Managing Director & CEO, Mohammad Ali, Deputy Managing Director of the Bank and Md. Miarul Haque, Country Manager of DHL signed the agreement on behalf of respective organisations.


IDRA move for central database, UMP

The Insurance Development and Regulatory Authority (IDRA) has taken a fresh initiative to remove customer dissatisfaction in insurance sector through launching Unified Messaging Platform (UMP). Approximately more than 10 million policy holders of both life and non-life insurance companies will be directly benefitted by implementation of UMP. As per IDRA, as a part of modernisation and digitisation of insurance sector, often seen as a simile for malpractices and unethical businesses, the initiative has been taken to send notification through SMS by central arrangement where each insurance company gets separate UMP portal.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/idra-move-for-central-database-ump-1550511126

IDLC’s performance highlights show resilience in 2018

IDLC Finance’s total loan book increased by 17.39 per cent and now stands at BDT 83.9 billion in 2018. According to a statement, NPLs reduced to 2.20 per cent from 2.77 per cent in the previous year, reflecting an improvement in portfolio quality. A total of 5,803 new loan clients were booked during the year and Net Interest Income grew by 5.71 per cent to BDT 4.22 billion. Business segment-wise, SME loan book grew by 12.43 per cent during the year to BDT 34.69bn, up from BDT 30.85 billion in the previous year. SME now comprises of 42.09 per cent of the company’s total standalone loan book. The consumer portfolio – which comprises of Home Loans, Car Loans and Personal Loans – grew by 15.20 per cent during 2018 to reach BDT 27.82 billion. It now contributes 33.76 per cent of the lending basket. The company’s Corporate loan division has posted a year on year growth of 37.88 per cent to reach a portfolio of BDT 19.90 billion.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/idlcs-performance-highlights-show-resilience-in-2018-1550511172

PDB implements Tk 9.64b project in Rajshahi Div

Power Development Board (PDB) has been implementing a mega project to ensure a safe and dependable power supply to meet increasing demand for electricity till 2025. As per PDB sources, the four and half-year project styled ‘Power Distribution Management Development, Rajshahi Zone’ is being implemented in Rajshahi City and 16 upazilas in eight districts under Rajshahi division. According to the Director of the project, Tk 9.64 billion project will improve distribution system along with capacity enhancement of the distribution zone coupled with supplying power uninterruptedly. Upon its successful implementation by December 2020, the mega scheme will meet the gradually mounting power demand and reduce system loss.

Source: http://today.thefinancialexpress.com.bd/country/pdb-implements-tk-964b-project-in-rajshahi-div-1550500085

Standard Chartered gets new Retail Head

Mr. Sabbir Ahmed has recently been appointed head of retail banking at Standard Chartered Bangladesh. According to a statement, he was previously the country head of retail banking and wealth management in HSBC Vietnam, Ahmed’s banking career spans over 22 years in retail, priority, SME, branch banking and wealth and channel management.

Source: https://www.thedailystar.net/business/banking/news/standard-chartered-gets-new-retail-head-1704076

Standard Bank gets new Executive Committee Chair

Mr. Kamal Mostafa Chowdhury has recently been elected executive committee chairman of Standard Bank. According to a statement, he is a sponsor and founder vice chairman and a director of the bank. Chowdhury started his business career in export-import and shipping while studying at the University of Chittagong. He is the proprietor of Raja Corporation and KMC International, director of Holy Crescent Hospital in Chattogram and the senior director of the Chittagong Chamber of Commerce and Industry.

Source: https://www.thedailystar.net/business/news/standard-bank-gets-new-exec-committee-chair-1704082

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE1007,219.47 ↓17.21↓0.24%
Nikkei 22521,319.24↑37.39↑0.18%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 55.73↑0.14↑0.25%
Crude Oil (Brent) $ 66.06↓0.44↓0.66%
Gold Spot $1,325.21↓1.68↓0.13%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.0100
GBP 1BDT 108.4149
EUR 1BDT 94.9733
INR 1BDT 1.1773





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