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Central Depository Bangladesh Limited was established on 20 August 2000. [1] AKM Shamsuddin was the founding chairman of Central Depository Bangladesh Limited. [6] On 20 October 2003, Electronic Government Securities Registry went online, allowing the Central Depository Bangladesh Limited to function.
Originally bonds could be purchased as in units of five Irish pounds, with a minimum purchase of £10. Today the unit price is 6.25 Euros (equivalent to IR£4.92 at the final fixed exchange rate) and a minimum purchase of €25 is required. In September 2009 the Prize Bond fund exceeded €1bn for the first time. [3]
Bangladesh Academy for Securities Market (BASM) was established in July 2019 as the academic unit of Bangladesh Securities and Exchange Commission. [11] Two professors of the University of Dhaka, Shaikh Shamsuddin Ahmed and Mizanur Rahman, were appointed commissioners of Bangladesh Securities and Exchange Commission on 20 May 2020 for 4 years. [12]
By the mid-1990s, the bank started to get most of its funding from the central bank of Bangladesh. [23] More recently, Grameen has started bond sales as a source of finance. [23] The bonds are implicitly subsidised, as they are guaranteed by the Government of Bangladesh, and still they are sold above the bank rate. [23]
The Dhaka Stock Exchange (DSE) (Bengali: ঢাকা স্টক এক্সচেঞ্জ Dhaka stôk ekschenj), located in Nikunja, Dhaka, [5] is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In January 2023, DSE and Nasdaq announced their partnership with trading technology. [6]
The move comes as the government looks to have a functional ICB ordinance in place after the Investment Corporation of Bangladesh Ordinance, 1976 was declared illegal due to its issuance during the military regime (1975–1981). Therefore, this bill is aimed to replace the 'Investment Corporation of Bangladesh Ordinance, 1976'.
Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors.
City Bank PLC is a Bangladeshi private commercial bank headquartered in Dhaka. [3] The bank provides products and services in retail banking, corporate finance, SME Banking, women banking, digital banking, asset management, equity brokerage, and security.