Regulatory Alerts2023-11-07
Added
DMD Circular Letter No. 09: Appointment of Citizens Bank PLC as Primary Dealer
Bangladesh Bank grants permanent approval to Citizens Bank PLC to conduct regular operations as a Primary Dealer in the primary and secondary markets for government securities. This permanent status follows a one-year provisional approval granted on September 29, 2022, and is based on the bank's performance over the preceding year. The directive applies to all scheduled banks and financial institutions operating in Bangladesh.
20119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Department of Market Development
22 Kartik, 1430 Date: -------------------------- 07 November, 2023
DMD Circular Letter No.-09
Managing Director / Chief Executive All Scheduled Banks and Financial Institutions operating in Bangladesh.
Dear Sir,
Regarding the appointment of Citizens Bank PLC as Primary Dealer.
With the aim of activating the secondary market for the issuance and subsequent purchase-sale of Treasury Bills and Bonds of the Government of Bangladesh, Citizens Bank PLC was provisionally approved as a Primary Dealer for government securities for one year through DMD Circular Letter No.-08 dated 29/09/2022. Now, considering the activities of the past one year in the primary and secondary markets, approval is hereby granted to Citizens Bank PLC to conduct regular operations as a permanent Primary Dealer.
Yours faithfully,
(Istekmal Hossain) Director (DMD) Phone: 9530131 E-mail: istequemal.hussain@bb.org.bd
Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd