B Mirror Report: Bangladesh Bank (BB) has issued a new directive requiring all scheduled banks to report any dividend declaration against shares within seven days of the board meeting.
The move, outlined in SPCD Circular No-05 issued today, aims to protect depositors’ interests and strengthen financial stability in the banking sector. The directive is part of the ongoing Risk Based Supervision (RBS) framework, introduced under SPCD Circular No-03 on December 24, 2025, to enhance transparency and align banking supervision with international standards.
Under the new rule, banks must submit dividend reports to the Bank Supervision Department (BSD) and Supervisory Data Management and Analytics Department (SDMAD), rather than the Department of Off-site Supervision. Reports must follow the prescribed format and be signed by the bank’s MD or CEO.
The central bank emphasized that while the reporting channel has changed, all other instructions under DOS Circular No-01 of March 13, 2025, remain in effect.
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