Under a deal, the CDBL will convert the paper shares of Uttara Finance into electronic ones to facilitate their trading under the central depository system.

The other accord will enable Uttara Finance to open beneficiary owner (BO) accounts of investors acting as a custodian depository participant (DP) of securities and treasury bills and government bonds issued by Bangladesh Bank.

Managing Director and Chief Executive Officer of Uttara Finance SM Shamsul Arefin and Managing Director and CEO of CDBL MH Samad signed the deals on behalf of their organisations, says a press release.