BRAC Bank, Pubali Bank appointed primary dealers for govt securities
With this appointment, both banks will now share the bidding obligations currently performed by 24 existing primary dealer banks in the auctions for government treasury bills and bonds
The government has authorised BRAC Bank PLC and Pubali Bank PLC to act as primary dealers (PD) for government securities for a three-year term, which will officially commence from the first working day of May this year.
The appointment was formalised by the Bangladesh Bank today (30 April) following a directive from the Finance Division of the Ministry of Finance.
With this appointment, both banks will now share the bidding obligations currently performed by 24 existing primary dealer banks in the auctions for government treasury bills and bonds.
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As primary dealers, these banks are mandated to participate in auctions to help finance the government's budget deficit, ensuring a steady flow of funds through the sovereign debt market.
According to the letter from the finance ministry, the authorisation was granted under the provisions of the 'Guidelines for Enlistment and Operations of Primary Dealers in Government Securities, 2025 (Amended)'.
