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 January 01, 2018

BB eases financing process of EDF

Bangladesh Bank (BB) has eased the process of Export Development Fund (EDF) to facilitate access to financing in foreign exchange for input procurements by manufacturer-exporters, reports BSS. “To bring ease in operations of EDF, revised operational procedure prepared through compilation of existing instructions,” said a BB circular Sunday. Authorized Dealer (AD) banks can borrow US dollar funds from the EDF against their foreign currency loans to manufacturer-exporters for input procurements. At their option, the ADs can also lend to some extent from their own foreign exchange funds for input procurements.

Source: http://today.thefinancialexpress.com.bd/last-page/bb-eases-financing-process-of-edf-1514743079

PCBs’ operating profits soar on pvt sector credit growth

The unaudited operating profits of the country’s private commercial banks (PCBs) witnessed a remarkable growth in 2017, mainly due to high credit growth to the private sector. Most of the banks saw the profit in the just-concluded calendar year riding on higher import payments, enhanced credit flow to the private sector, and significant return from their capital market investments, according to bankers.


SME loan disbursement up by 21.60pc in nine months

The credit disbursement for the small and medium enterprises (SMEs) increased by 21.60 per cent in the first nine months of 2017 compared to the corresponding period in the last year, according to the Bangladesh Bank (BB) data, reports BSS. “The growth of SME loan disbursement witnessed upward trends as the central bank has strengthened further its monitoring and supervision over the SME loan disbursement activities of the banks and financial institutions (FIs),” a BB senior official told the news agency on Sunday. All banks and FIs have already disbursed over Tk 1.23 trillion (Tk 1,23,046.13 crore) loan in January-September period in 2017 which was over Tk 218.53 billion (Tk 21,853.99 crore) up compared to the same period in 2016.

Source: http://today.thefinancialexpress.com.bd/trade-market/sme-loan-disbursement-up-by-2160pc-in-nine-months-1514744850

Forex reserves may come under strain

Bangladesh’s external sector is set to pass through turbulence in 2018 given the anticipated surge in food import, petroleum price in the international market and private sector foreign loans, and election-focused expansionary fiscal policy. Foreign reserves may deplete further and the taka may continue its slide against the US dollar.

Source: http://www.thedailystar.net/business/banking/forex-reserves-may-come-under-strain-1513171

New vice chairman of Standard Bank

Lion Mohammed Abdul Aziz has been elected as Vice Chairman of Standard Bank Limited recently. He is the Founder Director of Standard Bank Limited. In 1994, he joined Midland Credit Cooperative Society as Managing Director & Chairman. Later he established business ventures including hotel, garments etc. He is the former vice chairman of Moonlux Knit Composite Garments Ltd.

Source: http://today.thefinancialexpress.com.bd/trade-market/new-vice-chairman-of-standard-bank-1514745124

BMBA elects Nasir as president

Mohammed Nasir Uddin Chowdhury, director of LankaBangla Investments Ltd, has been elected the president of Bangladesh Merchant Bankers Association (BMBA) for 2018-19. The incumbent secretary general Khairul Bashar Abu Taher Mohammad, chief executive officer (CEO) of MTB Capital, was elected the secretary general for another term. Both were elected at a meeting of BMBA’s executive committee held at a city hotel on Sunday.


Dhaka trade fair starts today

The month-long mega-event Dhaka International Trade Fair (DITF) begins in the capital today in order to showcase Bangladeshi products to boost exports. This time companies from home and abroad will display their wares in nearly 600 stalls. The commerce ministry and the Export Promotion Bureau, the organisers, allocated about 50 stalls to foreign companies and the rest to local companies. Space has been allocated for two children parks, a blood donation centre, a maternity centre and a first aid centre. Companies from 27 countries will participate in the annual exposition at Sher-e-Bangla Nagar in Dhaka that will end on January 31, said Commerce Minister Tofail Ahmed at a briefing on the fair premises yesterday.

Source: http://www.thedailystar.net/business/dhaka-trade-fair-kicks-today-1513132

Robi gets scope to use BR’s fibre optic cable

Robi Axiata Limited has availed the scope to use Bangladesh Railway’s fibre optic cable that was used by mobile phone operator Grameenphone exclusively for 20 years. Mobile operator Robi would now be allowed to use Bangladesh Railway’s 412 kilometres of fibre optic cable as the operator won a tender floated by Railway, a senior official of Bangladesh Telecommunication Regulatory Commission told New Age last week. To this end, Bangladesh Railways and Robi have already signed a lease agreement between them, paving way for the latter to strengthen its network connectivity across the country. After the agreement, BTRC, however, refrained from allowing Robi to install fibre optic cables to establish connection with Bangladesh Railway’s point-of-presence, the BTRC official said.

Source: http://www.newagebd.net/article/31545/robi-gets-scope-to-use-brs-fibre-optic-cable

Nation welcomes 2018

The national, along with the global community, bids farewell to the outgoing year 2017 welcoming 2018 with new hopes. Jubilant people will join different New Year programmes when the clock strikes 12 midnight. New Zealand was among the first few countries to usher in the New Year. The New Zealand Herald reported that hundreds of people are already heading into the city centres to start their celebrations as they welcome the New Year. Celebrations then move across the world — to Asia, the Middle East, Africa, Europe and finally the Americas.

Source: http://thefinancialexpress.com.bd/national/nation-welcomes-2018-1514740852

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 22524,764.94↓19.04↓0.08%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 60.42↑0.58↑0.97%
Crude Oil (Brent)$ 66.87↑0.71↑1.07%
Gold Spot$ 1,302.80↑7.76↑0.60%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.69
GBP 1BDT 111.74
EUR 1BDT 99.27
INR 1BDT 1.29





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