ZCZC
BSS-05
BB-BANK-SECURITIES
BB to buy T-bills, bonds from banks, NBFIs
DHAKA, March 23, 2020 (BSS) – Bangladesh Bank (BB) has decided to buy
treasury bills and bonds from banks and non-bank financial institutions
(NBFIs) to prevent any unwanted liquidity obstruction due to coronavirus
outbreak.
“BB provides repo facility to the scheduled banks and NBFIs against the
government securities. The central bank has taken a decision to strengthen
the government securities purchasing activities as the banks and NBFIs don’t
face any impediment due to the coronavirus,” said a BB circular issued on
Sunday.
As per the new decision, interested commercial banks as well as NBFIs may
sell their excess securities after complying with the statutory liquidity
ratio (SLR).
The central bank asked the managing directors (MDs) and chief executive
officers (CEOs) of banks and NBFIs to communicate with its department
concerned, if necessary.
The banks may sell their surplus securities to the central bank from today
(Monday) at the market rate, the circular added.
BSS/KUC/GMR/1232 hrs