Congratulations to the entire staff for dedicated work in reaching of RETRO’s 100th publication. We look forward to another thousands series of in-depth coverage of the Economic Indices, Banking Issues, Market Information and Institutions shaping banking industry.
Best wishes for the continued success of RETROSPECT!
Syed Mahbubur Rahman
MD & CEO
Dhaka Bank Limited
Average Call Money Rate
4.22% (Sep 11 ’18)
4.25% (Sep 04 ’18)
Call Money Lending (Crore BDT)
8,060.33 (Sep 11 ’18)
10,475.35 (Sep 04 ’18)
Weighted Average Deposit Rate
5.4% (July ’18)
5.5% (June ’18)
Weighted Average Lending Rate
9.71% (July ’18)
9.95% (June ’18)
4.33% (July ’18)
4.45% (June ’18)
YoY Private Sector Credit Growth
16.95% (June ’18)
16.95% (June ’18)
Classified Loan % Total Outstanding
10.78% (Mar ’18)
10.53% (Mar ’17)
Major Local Economic Indices
GDP Growth Rate
7.65% (FY ’17)
7.28% (FY ’16)
Inflation (12 Months Average)
5.78% (June ’18)
5.44% (June ’18)
3,6668.17 (FY ’18)
3,4655.90 (FY ’17)
4,257.20 (Jun ’18)
3,499.10 (Jun ’17)
1,411.05 (Aug ’18)
1,418.58 (Aug ’17)
32,816.62 (Sep 5 ’18)
33,685.11 (Sep 5 ’17)
Figures are expressed in Million US$ unless otherwise mentioned
PRIMEBANK: Sale Declaration of a Sponsor Mr. Khandker Mohammad Khaled, one of the Sponsors of the Company, has expressed his intention to sell 25,00,000 shares out of his total holding of 2,90,07,415 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange (DSE) within next 30 working days.
PUBALIBANK: Declaration of share transfer of a Nominated Director Mr. Abdur Razzak Mondol, one of the Directors (nominated by That’s It Fashions Ltd.) of the Company, has expressed his intention to transfer 3, 15,000 shares of the Company to his son Mr. Md. Rakibul Hasan, by way of gift outside the trading system of the Exchange within next 30 workingdays from the date of issuance of approval letter by DSE.
Week in History
September 9, 1776 – The United States came into existence as the Continental Congress changed the name of the new American nation from the United Colonies.
September 11, 2001- Ferdinand Marcos (1917-1989) was born in Sarrat, Philippines. He ruled the Philippines from 1966, imposing an authoritarian regime until he was ousted in 1986.
September 12, 1990 – A treaty was signed by East and West Germany and the Allies of World War II allowing for the restoration of sovereignty to a re-unified Germany.
September 12, 1953 – Nikita Khrushchev was elected First Secretary of the Central Committee of the Communist Party of the USSR.
September 13, 1788 – The U.S. Congress chose New York as the Federal capital of the new American government.
Disclaimer: This Document has been prepared and issued by R&D, DBL on the basis of the public information available in the market, sources of data believed to be reliable. All reasonable care has been taken to ensure that the facts & information stated in the Document are accurate as on the date mentioned herein.
R E T R O S P E C I A L : 1 0 0 th E D I T I O N
What can Tk. 500 get you around the world?
If you plan on travelling on a skimpy wallet, it is good to have an idea of how the Bangladeshi Taka is perceived in other countries. For starters, how much is Tk. 500 actually worth when you are travelling
Managing money is always hard, even harder when you are travelling. But a little bit of financial foresight can help you make the most of what money you have when travelling abroad. There are more or less 180 currencies in the world. The value of the Bangladeshi currency is low compared to a vast range of currencies out there. However, the Taka is stronger than several currencies in the world. So if you know where your money is treated like the USD in BD, you are set to win.
Cambodia is one of the Southeast Asian nations where Bangladeshis can feel rich. One Taka is equal to 47.82 Cambodian Riel. Public transportation could be little higher but it would get you to places. In Cambodia one-way ticket for local transportation is Tk. 160 ($2). If you are travelling with friends or family, you can dine at an affordable restaurant for Tk. 251. Cambodian street food is very inexpensive as well. Tourists attractions are little pricey and Tk. 500 can get you inside the War Museum.
Vietnam is little costly compared to Bangladesh, yet with Tk. 500, one can buy a few things there specially in Ho Chi Minh City. One Taka is equals to 269.85 VND. In Vietnam two persons can dine in with Tk. 200 at a midrange restaurant. Domestic beer is Tk. 250 ($2.94). Soft drinks cost Tk. 26.43 ($0.31). Karaoke and Billiards cost there Tk. 202 and Tk. 185 ($2.4 to $2.2) respectively. You can get mud baths for Tk. 109 ($1.3).
Nepal is a beautiful country and offers beautiful landscapes for the tourists. Kathmandu, Nepal’s capital is set in a valley surrounded by the Himalayas. One Nepalese Rupee is equal to Tk. 0.77. In Nepal, you can buy one- way local public transportation tickets with Tk. 30 ($0.35). Tennis court rents on weekend at Tk. 150 per hour. Food in Nepal is pretty cheap as well. Garlic soup costs Tk. 80 or $1. Foods like momos, noodles and other local items cost around Tk. 80 to 90 ($1). You can get pizza with Tk. 321 ($3.88). You can get services like hot shower, internet, satellite phone etc with Tk. 500. You have to spend a little more than 500 for tourists’ attractions in Nepal.
If you are tight on budget and plan of visiting South Korea, probably it is not a good idea. The East Asian country is slightly high-priced for us. One Taka equals KRW13.23. You have to spend more than Tk. 500 to dine in at an inexpensive restaurant in South Korea. Combo meals at McDonald’s cost around Tk. 452 ($5.32$) while regular cappuccino is Tk. 338 taka ($3.98). You can get small snacks like chips, or a Snickers bar in local supermarkets worth Tk. 80 ($1).You can pay a visit to the TV tower of Busan with Tk. 397 ($4.7). However there is no entry fee for museums like The National Folklore Museum of Korea, History Museum in Seoul, and War Memorial of Korea.
Dhaka Bank has truly cherished and brought into focus the heritage and history of Dhaka and Bangladesh from Mughal outpost to modern metropolis. Most of its presentation, publications, brand initiatives, delivery channels, calendars and financial manifestations bear Bank’s commitment to this attachment.