The main reason of our profit rise in the challenging year was the higher recovery rate and we were able to keep the NPL ratio low," said Ali Reza Iftekhar, managing director and chief executive officer.The lender recovered Tk 63.6 crore from its written-off loans last year which was Tk 42.3 crore and Tk 50.1 crore in 2018 and 2017 respectively. Meanwhile its recovery from classified loans were Tk...
The others expected no move at the Feb. 4-6 meeting.“The MPC has retained its ‘accommodative’ policy stance, which suggests that this is a pause rather than an end to the loosening cycle,” said Darren Aw, Asia economist at Capital Economics.A firm majority, over 80 percent economists said the RBI will cut rates by end-June, with the median forecast for a 25-basis point trim to 4.90 percent...
When the majority of banks are struggling to survive from the ongoing financial meltdown brought on by the coronavirus pandemic, Dhaka Bank has introduced a novel banking product that will help clients open their account from home.The lender rolled out the product named "Account from Home" in mid-May to help clients open accounts by way of maintaining social distance, Emranul Huq, managing directo...