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 13, 2020

Private Banks ready for Basel III

Most of the private banks have raised their capital base in line with the Basel III requirements three months prior to the deadline set to reach the global regulatory standard. However, the state banks are nowhere near the level they were supposed to reach by the time. As per a roadmap issued by the Bangladesh Bank in 2014, the banks were supposed to raise their minimum capital adequacy ratio (CAR) to 12.5 percent of their risk-weighted assets by December 2019 from the then 10 percent. Of the 41 private banks, only 11 are yet to reach the level. But the six state-owned commercial banks are still far behind the 2014’s target of 10 percent. The CARs of nine foreign banks are hovering between 17 percent and 143 percent. The central bank planned to raise the ratio to 10 percent by 2015, 10.625 percent by 2016, 11.25 percent by 2017, 11.875 percent by 2018 and 12.5 percent in 2019. To date, there has been no internationally harmonised standard on bank capital adequacy ratio, stress testing and market liquidity risk, which the Basel III would provide. The roadmap comes at a time when banks’ capital base has been shrinking on the back of mounting bad loans and the central bank has been on their tail to raise their CAR. As of September 30, the banks maintained a capital of Tk 118,917 crore, which is 11.65 percent of their risk-weighted average. The CAR of foreign banks is 25.07 percent, private banks’ 12.87 percent and state banks’ 7.74 percent, according to data from the BB.

Source: https://www.thedailystar.net/business/news/private-banks-ready-basel-iii-1853368

Stocks end marginally higher

Dhaka bourse on Sunday closed marginally higher breaking its losing streak after five sessions as prices of the large-cap companies rebounded. The market opened the day’s session with a positive note and continued the trend for an hour on the Dhaka Stock Exchange (DSE). At the end of the session, the core index settled at 4212.44 points with a rise of 0.35 per cent or 15.05 points. The DSEX lost 261.90 points in previous five sessions in a row following investors’ panic sales. Of the large-cap companies, the share price of Grameenphone rose 0.68 per cent, British American Tobacco Bangladesh Company (BATBC) 1.58 per cent, Square Pharmaceuticals 1.06 per cent and BRAC Bank 2.15 per cent. The shariah-based index DSES advanced 0.44 per cent or 4.24 points to close at 950.15. The DS30 index comprising blue chip securities closed at 1415.70 points with a rise of 0.66 per cent or 9.32 points. Of 354 issues traded, 179 advanced, 122 declined and 53 were unchanged on the premier bourse DSE. The turnover stood at above Tk 2.60 billion which was 13.47 per cent less than the turnover of the previous session. Of total turnover, Tk 173.59 million came from transactions executed in block board. Of the major sectors, the market capitalisation of telecommunication rose 0.9 per cent, engineering 0.5 per cent, fuel & power 1.1 per cent, pharmaceuticals & chemicals 0.3 per cent and textile .05 per cent. On the Chittagong Stock Exchange (CSE), the benchmark index CASPI advanced 0.31 per cent or 39.85 points to close at 12808.79 points. Of 239 issues traded, 110 advanced, 92 declined and 37 were unchanged and the turnover stood at above Tk 155.70 million on the port city bourse CSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-end-marginally-higher-1578845926

Govt to launch job-portal for differently-abled people

State Minister for Information and Communications Technology (ICT) Division Zunaid Ahmed Palak has said modern ‘job-portal’ will be launched for differently-abled people from ICT marking ‘Mujib Barsho’ (Mujib Year), the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Palak disclosed this while addressing the inaugural function of job fair for differently-abled persons at the auditorium of NGO Affairs Bureau in city’s Agargaon area, reports BSS.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/govt-to-launch-job-portal-for-differently-abled-people-1578846007

BEZA arragnges 500 students’ visits to BSMSN

The Bangladesh Economic Zones Authority (BEZA) has planned to arrange a visit for around 500 students to Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) at Mirsarai in Sitakundu and Sonagazi upazillas under Chattogram and Feni districts. The BEZA has planned the students’ visit to the BSMSN in the two upazilas marking the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, reports BSS. They will take the students from different universities for the two-day visit aimed at engaging new generation with the country’s development. The programme is likely to be held in March this year. March 17 is the birth anniversary of Bangabandhu. Talking to the news agency, BEZA Executive Chairman Paban Chowdhury said the BEZA will accelerate more its activities during the ‘Mujib Year’, from March 17, 2020, to March 17, 2021, for implementing the a government’s goal to set up 100 special economic zones (SEZ) across Bangladesh. The BEZA chief said at least eight companies have already started their factory construction in the BSMSN while one of them have already completed their construction and another one will complete within this month. Jinyuan Chemical Industry Limited, a sister concern of the Chinese Zhuzhou Jinyuan Chemical Industry Company Limited, has already set up its factory in the BSMSN while construction of a power plant is set to be ended soon. Another six companies – Modern Synthetic, Arman Hoque Denims, Asian Paints, Nippon and McDonalds, Bangladesh Auto Cars and Bashundhara Chemicals have started their factory construction.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/beza-arragnges-500-students-visits-to-bsmsn-1578846056

BRAC Bank launches paperless PIN for Debit Cards

As part of its commitment to support Green Banking, BRAC Bank on Sunday introduced Paperless Personal Identification Number (PIN) for its debit cardholders, said a statement. PIN generation for cards has historically been an awkward paper-based process. Making it paperless enables the bank to securely transmit card PINs at the cardholder’s convenience, replacing the old complex procedure. BRAC Bank customers, after getting hold of the debit card, can now generate their own PIN via phone banking. They will call the BRAC Bank call centre from their registered phone number and with the assistance of a call centre agent activate their debit card and also set a PIN of their own choice. This gives the customer a hassle-free and secured banking experience.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/brac-bank-launches-paperless-pin-for-debit-cards-1578845981

NRBC Bank gets new MD, AMD, DMD

Md. Mukhter Hossain has recently been appointed as the Managing Director & CEO of NRB Commercial Bank Limited. Besides, Kazi Md. Talha has been appointed as the Additional Managing Director (AMD) of the bank as well as Head of NRBC Islamic Banking Wing `Al Amin’ while Md. Rabiul Islam as the Deputy Managing Director (DMD) of the bank.

Source: https://today.thefinancialexpress.com.bd/trade-market/nrbc-bank-gets-new-md-amd-dmd-1578850281

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,212.44591↑ 15.053↑ 0.36 %
↓ 133.13↓ 0.46 %
FTSE1007,587.85↓ 10.27↓ 0.14 %
Nikkei 22523,850.57↑ 110.70↑ 0.47%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 59.07 ↑ 0.03↑ 0.05 %
Crude Oil (Brent)$ 64.96↓ 0.02 ↓ 0.03 %
Gold Spot$ 1,556.86↓ 5.48↓ 0.35 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2183
GBP 1BDT 108.636
EUR 1BDT 92.5034
INR 1BDT 1.17166





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