A delegation from the Chittagong Stock Exchange PLC (CSE) held a meeting with Bangladesh Bank (BB) Governor Md Mostaqur Rahman on Monday to discuss strengthening the capital market to support private sector financing and sustainable economic growth.

CSE Chairman AKM Habibur Rahman led the delegation at the meeting that took place at the central bank headquarters in the afternoon.

During the meeting, the BB governor emphasised that private sector credit and investment growth need to gradually rise to 10 percent to achieve the country’s desired economic growth.

To attain this goal, he highlighted the critical importance of building a strong, deep, and dynamic capital market alongside the banking sector.

“An expanded capital market will enhance long-term equity financing opportunities for entrepreneurs, reduce excessive dependence on bank loans, and create an effective alternative source to meet the growing financing demands of the private sector,” Mostaqur Rahman said.

He expressed optimism that if the capital market can increase its market capitalisation by at least Tk20,000 crore in the fiscal year 2026-27, Tk25,000 crore in FY28, and Tk 30,000 crore in FY29 with the trend continuing in subsequent years, it will evolve into a powerful source of private sector financing.

The BB governor said this expansion will alleviate pressure on bank loans, broaden long-term investment avenues, and facilitate sustainable economic growth through targeted credit expansion.

Addressing foreign investment, he noted that Bangladesh Bank recently amended the regulations regarding Non-Resident Investor’s Taka Accounts (NITA) to ease the repatriation process of sale proceeds from shares and securities for foreign portfolio investors.

According to the revised guidelines, sale proceeds will now be deposited directly into the respective NITA accounts, and authorised dealer banks will ensure the deduction and deposit of applicable capital gains tax into the government treasury.

This policy update aims to make the process smoother, faster, and more cost-effective for foreign investors.

The CSE delegation also included Managing Director M Shaifur Rahman Mazumdar, and General Managers Md Mortuza Alam and Mohammad Monirul Haque.