All banking transactions and trading activities at the country’s two stock exchanges will remain suspended due to the annual “bank holiday” for half-yearly account closing.
The day is observed each year on 1 July, when banks finalise their six-month accounts and prepare half-yearly financial statements.
During the holiday, all types of banking transactions at scheduled banks will remain suspended. However, head offices and selected important branches of scheduled banks, including the Bangladesh Bank, will remain open to complete essential internal and administrative work.
Trading at both the Dhaka Stock Exchange and the Chittagong Stock Exchange will also remain closed on the day.
Banking operations are similarly suspended on 31 December each year, when banks close their annual accounts and prepare yearly financial statements.
