BRAC Bank tops secondary market trading for fourth year
Brac Bank PLC has recently been appointed as a primary dealer for government securities by the Ministry of Finance.
The bank is the first in the country to receive the status under a new application framework jointly introduced by the Ministry of Finance and Bangladesh Bank, according to a press release.
Brac Bank has also maintained a strong performance in the secondary market for government securities, retaining the top position in secondary market trading for the fourth consecutive year, according to the latest annual report published by Bangladesh Bank.
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The bank also has one of the largest government securities portfolios among commercial banks in the country. With a broad and diversified customer base, Brac Bank has strengthened its position as a trusted partner for both institutional and individual investors.
The bank said its continued leadership in the segment was supported by strong technological infrastructure, clear market insight and sustained investment in digital treasury capabilities.
Brac Bank Managing Director and CEO Tareq Refat Ullah Khan said, "Our appointment as a primary dealer is an important milestone in the development of Bangladesh's capital market."
"It reflects our consistent performance, prudent investment decisions and commitment to building a sustainable financial ecosystem. We will work to play a more active role in primary auctions, increase market liquidity and expand investment opportunities in government securities," he added.
As a primary dealer, Brac Bank will now be able to play a more active role in primary auctions of government securities. The bank said this would help increase liquidity in the capital market and support effective price discovery, contributing to the sustainable development of Bangladesh's financial sector.
