BRAC Bank, Pubali Bank appointed primary dealers for govt securities

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.
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)'.
















