Regulatory Alerts2026-07-01
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SDAD Circular Letter No. 10: Regarding approval of downtime of Citizens Bank Plc.
The Department of Supervision and Audit of the Bangladesh Bank has approved a temporary downtime for Citizens Bank Plc. to facilitate the transfer of its license from the Bank to the Bangladesh Bank. The suspension of banking services, including deposit, lending, internet banking, ATM, and RTGS/BEFTN transactions, is scheduled from 10:00 AM to 11:00 AM on Friday, January 10, 2026. This action is taken pursuant to the powers granted under Section 45 of the Bank Company Act, 1991.
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