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MTBiz June 2016

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MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.

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MTBiz June 2016

  1. 1. Contents Disclaimer: MONTHLY BUSINESS REVIEW VOLUME: 07 ISSUE: 05 JUNE 2016 Article of the month 02 National News The Central Bank 05 Banking Industry 07 Business & Economy 08 MTB News & Events 11 Industry Appointments 15 International News Business & Economy 17 Economic Forecast 22 Wells Fargo Monthly Outlook 24 MTBiz is printed for non-commercial & selected individual-level distribution in order to sharing information among stakeholders only. MTB takes no responsibility for any individual investment decision based on the information at MTBiz. This review is for information purpose only and the comments and forecasts are intended to be of general nature and are current as of the date of publication. Information is obtained from secondary sources which are assumed to be reliable but their accuracy cannot be guaranteed. The name of the other companies, products and services are the properties of their respective owners and are protected by copyright, trademark and other intellectual property laws. MTBiz Developed & Published by MTB Group R&D Please send feedback to: rnd@mutualtrustbank.com All rights reserved @ 2016 Design & Printing: Preview MTB ENTERS EMV ERA
  2. 2. microprocessor chips that store and protect cardholder data. This standard has many names worldwide and may also be referred to as: chip and PIN or chip and signature.1 EMV is a global standard for cards equipped with computer chips and the technology used to rates of counterfeit card fraud, card issuers are payment technologies by enabling safer, smarter and mobile and remote payment channels. As Julie Conroy, new and improved cards are being deployed to improve to successfully counterfeit cards.2 reading device – enabling fraudsters to reproduce counterfeit cards for use in both the retail and the Card Why Use EMV Cards system stronger by removing the technical loopholes countries adopted it since the advent of this technology while others started following the same sooner or later, as and when felt required, with/without having service providers have to answer quite more convincingly. against card frauds with its unique technological EMV Technology EMV chip technology is becoming the global standard 02 MTBiz ARTICLE OF THE MONTH MTB ENTERS EMV ERA strips will gradually be converted to EMV.
  3. 3. acceptance where, as reported, over 3.4 billion EMV 4 I lowest level for two decades and counterfeit card fraud losses have also fallen and are at their lowest level since Canada a used for payment, the card chip creates a unique number created in that instance wouldn't be usable again and the card would just get denied. EMV technology will not prevent data breaches EMV provides interoperability with the global payments infrastructure – consumers with EMV chip payment cards can use their card on any payment terminal. EMV technology also supports digital seal that cannot be copied and successfully – EMV chip payment cards are Core Technology – EMV is the only security standard that can guarantee interoperability between payment technologies, and serves as the core for future payment channels, including Mobile EMV. – EMV allows an issuer to choose the secure payment technology they wish to deploy: Contact EMV, Contactless EMV, Mobile EMV, or base.3 acceptance. Issuers around the world are including 03 MTBiz ARTICLE OF THE MONTH Table 1: INTERAC deb card ra d losses as a res l o s mm ng Losses o F nanc al Ins ons Year 2 1 2 14 2 13 2,22 2 12 93, 2 11 1 4,1 2 2 ,2 2 23 , 2 14 , Source: h p://www.interac.ca/en/fraud.html Dollars CAD lost to INTERAC debit card fraud in million 11. 1 .2 29. 3 . . 11 142.3 1 4. Cardholders Reimbursed 24, 9 32,
  4. 4. 04 MTBiz ARTICLE OF THE MONTH and security in mind and being responsive to the recent country have been introducing EMV technology 20142013 Africa & the Middle East Europe Zone 1 Europe Zone 2 942 Source: EMVCo Europe Zone 1 Europe Zone 2 Asia America, and the Carribbean Africa & the Middle East
  5. 5. 05 MTBiz THE CENTRAL BANK NATIONAL NEWS to its policy focus while announcing the new monetary challenges of both the country's and the global are strengthening their security, he said. The Deputy government is preparing a security manual for ensuring guests to the event. Source: BB
  6. 6. 06 MTBiz THE CENTRAL BANK Private sector credit growth has surpassed the target private credit growth appears to be adequate to rate of interest and increase the amount of investment. higher amounts of loans. of mega projects, including the Padma bridge, as operators in the services sector such as hotels, though the scenario in large industries is not so same period.
  7. 7. 07 MTBiz BANKING INDUSTRY this year compared to last year's corresponding quarter. rate adjustments, according to economists, is meant for average spread between lending and deposit rates hand, the weighted average rates on deposits came down previous month while interest rates on lending dropped that will put a smile on the faces of businesses. At present, the rate of interest on industrial loans is 11 to 12 percent, which businessmen say reins in their investment. instance, to get the loans, the industrial units must have if it is managed well. NATIONAL NEWS EXIM PN Composite
  8. 8. 08 MTBiz BUSINESS & ECONOMY sought to meet the deadline for the project, said Tarana project, where the winning bidder will arrange the foreign amount coming from foreign loans. The government would pay the rest. garment, leather and leather goods, jute and jute goods were a decline when compared with the previous environment in some Middle East countries. across the industry thus enhancing its share towards sustainability. of turnover, down from 24.1 percent in the previous refrigerators during the quarter, which will come to the manufacturing by this year. 2.63 2.76 2.62 2.37 2.75 3.2 3.18 2.85 2.83 2.68 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Possible launch date: Project costs: The satellite can also serve Middle East, South and Southeast Asian Countries French company Thales Alenia Space will build and launch it. Dec 16, 2017 Nov 11, 2015 Tk 2,967.96cr Tk 1,314.56cr Tk 1,653.40cr
  9. 9. 09 MTBiz BUSINESS & ECONOMY Summit Barisal Power Ltd started commercial NATIONAL NEWS
  10. 10. M. A. ROUF JP, ELECTED CHAIRMAN 10 MTBiz BUSINESS & ECONOMY JUL AUG OCT NOV DEC JAN MAR APR IN% 6.36 6.24 6.17 6.19 6.05 6.1 6.07 5.65 5.62 5.61
  11. 11. 11 MTBiz MTB NEWS & EVENTS S
  12. 12. 12 MTBiz MTB NEWS & EVENTS
  13. 13. 13 MTBiz MTB NEWS & EVENTS
  14. 14. 14 MTBiz
  15. 15. 15 MTBiz INDUSTRY APPOINTMENTS NATIONAL NEWS
  16. 16. 16 MTBiz
  17. 17. 17 MTBiz BUSINESS & ECONOMY INTERNATIONAL NEWS low and a source of concern with the threat of long debt crisis and low growth, contrasts with disappointed analysts with an annual rate of growth of - dairy and sugar prices, agency said recently. The Food and The World Bank
  18. 18. 18 MTBiz BUSINESS & ECONOMY INTERNATIONAL NEWS - - - Toshiba recently appointed a new president to steer its rise in quarterly sales due to unseasonable weather and - orders.
  19. 19. 19 MTBiz BUSINESS & ECONOMY INTERNATIONAL NEWS household spending. Forecasts were for quarterly S&P -
  20. 20. 20 MTBiz BUSINESS & ECONOMY state-owned Coal India Ltd raised USD 3.5 billion in the features in the new note include a see through INTERNATIONAL NEWS certainty that the latest approaches will lead to any - ing and UBS as joint global coordinators of its Indian
  21. 21. 21 MTBiz
  22. 22. 22 MTBiz ECONOMIC FORECAST quarter of 2015, with energy prices down 21 percent prospects in China and increasing supplies. Cost about global growth prospects. abundant supplies and, in the case of industrial INTERNATIONAL NEWS 150 130 110 90 50 30 50 40 30 20 41.00 39.55 forecast Brend futures Historical
  23. 23. 23 MTBiz ECONOMIC FORECAST Downside risks to the energy price forecast include curtail supplies. - key suppliers. are also aided by lower energy costs and plateauing - Upside risks to agricultural price forecasts include the - fall 2 percent. - - - 2012 110 114 93 124 141 101 2013 102 105 104 95 114 91 115 2014 103 102 109 104 92 100 101 2015 94 91 100 95 91 1 52 1 90 99 -19.3 -5.1 -3.5 -3.4 -3.4 -5.3 -1.9 -2.9 -13.2 20.0 2.3 -0.5 2.1 3.0 0.5 2.4 1.4 -1.0 3.5 -1.1 -1.9 -3.5 -1.5 -1.1 -2.0 -2.0 1.4 1.3 -1.0 -3.1 -1.4 -1.0 -1.5 1.1 5.0 3 Food 3 Notes: (1)“F”denotes forecasts. (2)“Revision”denotes change to the forecast from the January 2016 report (expressed in percentage points for the price indexes, $/bbl for crude oil, and $/toz for gold). (3) The non-energy price index excludes precious metals.
  24. 24. 24 MTBiz WELLS FARGO MONTHLY OUTLOOK INTERNATIONAL NEWS WELLS SECURITIES FARGO for raising the fed funds rate but without any sense of calls on both growth and the 10-year Treasury rate, and Source U.S. Depart ent of C erce, IHS al Insight and ells Fargo Securi es, LLC 2002 2004 200 200 2010 2012 2014 201 uro one Real D Bars = Co ound Rate Line = r r % Change Co pound nnual row Q2 @ 1.4% er- rcent Change Q2 @ 1.5% Forecast 4 0 -4 -12 4 0 -4 -12 2000 2002 2004 200 200 2010 2012 2014 201 U.S. Real D Bars = C R Line = r r ercent Change D - C R Q2 @ 3.9% D - r r ercent Change Q2 @ 2. % Forecast 10% 4% 2% 0% -2% -4% -10% 10% 4% 2% 0% -2% -4% -10%

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