Major foreign banks sign agreement with CDBL
Major foreign banks in Bangladesh have signed an agreement with the Central Depository Bangladesh Limited (CDBL) for investing in the equity shares of CDBL.The agreement was signed at the conference room of Citibank NA Bangladesh in Dhaka on Wednesday, says a press release. Qamar Hussain, senior country executive of American Express Bank, Mamun Rashid, CEO of Citibank NA, S Kutubuddin Ahmed, deputy general manager of Commercial Bank of Ceylon, David JH Griffiths, CEO of HSBC, JK Kanjilal, CEO of State Bank of India, and MH Samad, managing director and CEO of CDBL were present. CDBL is the country's first central depository and the investment made in the equity of the depository would facilitate its operation in dematerialising the shares of Dhaka and Chittagong stock exchanges. CDBL is also engaged in dematerialising the treasury bills issued by Bangladesh Bank.
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