Bank holiday Tuesday, stock market to remain closed

All scheduled banks across Bangladesh will suspend transactions on Tuesday, Jul 1, due to the annual bank holiday, while the stock market will also remain closed as a result.

The Bangladesh Bank’s calendar designates two bank holidays each year-- on Jul 1 and Dec 31 -- for banks to close their books.

While customer transactions will be halted, the head offices and key branches of all banks will remain open to reconcile accounts and prepare half-yearly reports.

On Jul 1, banks compile their mid-year financial statements, while Dec 31 is reserved for finalising the fiscal year-end reports.

During the holiday, branches collect and consolidate data to produce the banks’ annual financial reports.