Equity Coverage on Dhaka Bank PLC. Dhaka Bank PLC. (DHAKABANK) is a leading private commercial bank of Bangladesh which provides wide array of financial products and services that includes all kinds of conventional and Islamic banking activities. The bank is one of the largest private sector commercial bank in Bangladesh in terms of total assets, which stood at BDT 347,693 million, as at the end of 2022 with a CAGR of 8.5% over the past five years. Total loans and advances portfolio recorded a double-digit growth of 11.3% and reached at BDT 238,842 mn as on December 2022 as against BDT 21 ..read more

Understanding Cryptocurrency: An Easy Guide Welcome to our easy guide to understanding cryptocurrency and navigating the digital currency landscape. This article will provide you with an overview of cryptocurrency, its history, how it works, and its various applications. Whether you’re a beginner or looking to deepen your knowledge of this exciting technology, this guide has you covered. Key Takeaways: Cryptocurrency is a digital form of currency that operates on decentralized networks. Blockchain technology underlies the functioning of cryptocurrencies and ensures security and transparen ..read more

Equity Coverage on City Bank PLC. City Bank PLC. (CITYBANK) is a leading private commercial bank of Bangladesh with established leadership in corporate banking and a robust footprint in SME and retail businesses. City Bank is one of the largest bank in Bangladesh in terms of total assets, which stood at BDT 514,912 million, as at the end of 2022 with a CAGR of 13.1% over the past five years. Total loans and advances portfolio recorded a double-digit growth of 23.6% and reached at BDT 356,294 mn as on December 2022 as against BDT 288,316 mn as on December, 2021. City Bank’s total deposits por ..read more

Equity Coverage on Eastern Bank PLC. Eastern Bank PLC. (EBL) is one of the largest private commercial banks which wins Best Domestic Bank award in 2021 and Best Corporate and Investment Bank award for four consecutive years from 2017–2020 by the Asiamoney, a renowned global financial publication. EBL is involved in all types of commercial banking and related activities such as loans and advance to personal and commercial purpose, trade service, cash management, treasury, securities, custodian services, and also off-shore banking service. EBL holds the fourth highest market capitalization in ..read more

Broad money accelerated by 8.6% growth (YoY) to BDT 18,894 bn at the end of Nov 2023 as against the projected growth of 9.5% for Dec 2023. BB sets the broad money target 9.70% for H2FY24. Private sector credit growth slowed by 9.9% (YoY) in November 2023, mainly because of continuous hike in policy rate, liquidity crunch in banking system, and global economic uncertainty. Consumer Price Index (CPI), reached at 9.41% in Dec 2023, compared with 9.49% in the previous month. Amid hawkish monetary policy and stable fiscal stance, BB projected inflation to 7.50% (YoY) for H2-FY24. The call mo ..read more

MACRO-ECONOMY The Bangladesh economy has been propelling at a double-digit nominal growth despite combating various domestic and global challenges. Thus, the real GDP growth exhibited a fresh surge since FY’14 and picked up steadily at 7.9% in FY’19 from 6% in FY’13. During the pandemic, the GDP growth sharply fell to 3% but it recovered and stood at 6.9% in FY’21. According to the provisional data of BBS, the current size of the GDP was $405 billion in FY’23 and the real GDP growth stood at 6.03%. However, due to the global political turmoil, the growth of Bangladesh’s economy has slowed ..read more

In the fast-paced world of forex trading, emotions can transform the experience into a rollercoaster ride. Traders often find themselves on a journey through peaks of euphoria and troughs of despair, all driven by the emotional rollercoaster they ride with every trade. Forex, or foreign exchange trading, is not just about numbers and charts; it’s equally about the human psychology behind the decisions. When traders start their journey, they often approach it with excitement and optimism. The prospect of substantial profits can be exhilarating. However, as they delve more deeply, the emotiona ..read more

At the end of 2022, total assets in the banking sector increased by 7.50% and stood at BDT 21,962 billion, which was 10.99% growth at the end of 2021. Total loans and advances escalated by 13.45%, and stood at BDT 15,026 billion at the end of 2022. Total deposit of banking sector stood at BDT 16,029 billion, and saw a 5.6% growth in December 2022. Credit growth was much higher than the deposit growth, and this higher credit growth might entail stress in liquidity management of banks in the future. Net profit after tax (NPAT) of banking sector reached at BDT 142 billion with a robust 184.0% g ..read more

Equity Coverage on ACME Laboratories Ltd. The global Pharmaceutical industry is expected to grow by 5.80% (2023-2028). At present, the market size of this industry is $1,482 bn globally and, resulting in a market volume of US$1,478.00bn by 2028. (According to Statista) The growth of the pharmaceutical industry in Bangladesh started in 1980 and now it has come a long way with success. Locally, this industry is now capable of meeting 98% of the country’s needs. The contribution of this industry to the country’s GDP is more than 1.83%. Besides, Bangladesh is exporting medicines to more than ..read more

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