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 November 17 2016

Classified loans leap to BDT 143.6 billion in 9 months

Loads of classified loans in the country’s banking sector have leapt by nearly 28.0% or `BDT 143.6 billion in the first nine months of the current calendar year, belying close monitoring by the central bank. The volume of non-performing loans (NPLs) rose to `BDT 657.3 billion as on September 30 from `BDT 513.7 billion on December 2015. It was BDT 547.1 billion a year before, according to the central bank latest statistics. On the other hand, the amount of classified loans increased by nearly 4.0% or BDT 23.7 billion to BDT 657.3 billion during the third quarter (Q3) of the current calendar year from BDT 633.7 billion in the preceding quarter. The classified bank credits cover substandard, doubtful and bad/loss of total outstanding credits which stood at BDT 6359.9 billion as on September 30 last from BDT 5846.2 billion on December 31. It was BDT 6300.2 billion on June 30, 2016. During the period, the total amount of NPLs with six state-owned commercial banks (SoCBs) swelled to BDT 299.6 billion from BDT 237.5 billion as on December 31 last. It was 300.8 billion in the Q2 of this calendar year.

Source: http://print.thefinancialexpress-bd.com/2016/11/17/156903

City Bank to issue BDT 5.0 billion bond

The Board of Directors of City Bank Limited has decided to issue subordinated debt (bond) worth BDT 5.0 billion, said an official disclosure on Wednesday. “The bank will issue the bond for raising fund to meet capital requirement under Basel III and to strengthen the regulatory capital base of the bank,” said the disclosure. The issuance of bond is subject to approval from the regulatory authorities – Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC), the disclosure added. Each share of the bank, which was listed on the Dhaka bourse in 1986, hovered between BDT 23.2 and BDT 23.5, before closing at BDT 23.30 on Wednesday. Paid-up capital of the bank is BDT 10,000 million and its authorized capital is BDT 8,757.98 million while total number of its securities is 875,798,031, according to the available DSE statistics.

Source: http://print.thefinancialexpress-bd.com/2016/11/17/156864

Cabinet okays power purchase extension deals

The government extended Wednesday the tenure of six rental power plants and doubled their tariff rates to over BDT 15 per kilowatt. Apart from endorsing a new lease of tenure of the rented plants and jacking up their electricity prices, the cabinet committee on public purchase also approved 11 other projects that include import of over 1.0 million tons of gasoil, 115,000 tons of jet fuel and 140,000 tons of furnace oil for January-June 2017 period from 10 countries. Per-barrel gasoil price is fixed at USD 2.30, jet fuel USD 3.0 and per-mt furnace oil USD 15.80. The names of the rental power entrepreneurs along with their generation capacities are: Dutch Bangla Power and Association Ltd (100MW), Summit Group-owned M/S Khulna Power Company Ltd (115MW), M/S Khanjahan Ali Power Company Limited (40MW), M/S Acorn Infrastructure Service (100MW), Summit Narayanganj Power Ltd (102MW) and Orion Power Meghnaghat Ltd (100MW).


Grameenphone refuses to pay BDT 300.0 million fine for broadband service

Grameenphone refused to pay a fine of BDT 300.0 million imposed by the telecom regulator for running a broadband internet business in a breach of rules. The deadline for paying the fine ended yesterday, according to Bangladesh Telecommunication Regulatory Commission, but instead of paying, the operator challenged the move in a letter to the commission. A letter signed by Mahmud Hossain, chief corporate affairs officer at Grameenphone, said the notice did not provide any indication of how the BTRC determined the amount of fine. In the letter, Grameenphone denied any wrongdoing by providing broadband internet service. On November 6, BTRC asked Grameenphone to pay BDT 300.0 million in 10 days for providing broadband internet services under Go Broadband. BTRC also fined two ISP operators—ADN Telecom and AGNI Systems Ltd (ASL), partners of Grameenphone in GO Broadband—BDT 0.5 million each.


Robi, Airtel merger complete

Mobile operators Robi and Airtel started operation as a merged entity on Wednesday, emerging as the country’s second largest mobile operator in terms of subscribers. The combined entity will operate under the name of Robi Axiata Limited, and will serve approximately 32.2 million subscribers. This is the first significant instance of merger in Bangladesh telecom industry. Malaysian telecom giant and Robi’s parent entity Axiata now holds 68.7% controlling stake in the combined entity, while Airtel Bangladesh’s parent company Bharti holds 25%. The remaining 6.3% is held by the existing shareholder – NTT DOCOMO of Japan.


Local and Global Stock Indices

Index NameClose ValueValue ChangePercentage Change
Dow Jones Industrial Average18,868.14↓54.92↓0.29%
Nikkei 2256,749.72↓43.02↓0.63%
FTSE 10017,864.09↑1.88↑0.01%

World Commodities

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)*$45.49↓0.08↓0.18%
Crude Oil (Brent)*$46.50↓0.13↓0.28%
Gold Spot*1,227.21↑2.33↑0.19%

Major Currencies Exchange Rates Movement in Last Seven Days






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