BRPD-1 Circular Letter No. 12: Refinance Scheme for Pre-shipment Credit

Page 1/2 Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh website: www.bb.org.bd Banking Policy and Regulation Department-1 09 August 2026 BRPD-1 Circular Letter No. 12 Date: ------------------ 26 Ashar 1432 Chief General Manager/Head of Department Chief Executive, Bangladesh Bank Head Office Dear Sir, Subject: Refinance Scheme for Pre-shipment Credit. With reference to BRPD-1 Circular Letter No. 08 dated 18 June 2022 and BRPD-1 Circular Letter No. 33 dated 13 August 2023, the following amendments are being made: 2. In order to extend the validity of the Refinance Scheme for Pre-shipment Credit under Clause 8 of the aforementioned Circular Letter No. 08, the validity period of the Refinance Scheme under this Circular Letter has been extended from 13 August 2020 to 05 (five) years, which has expired on 12 August 2025. To facilitate the implementation of the revised guidelines for the Export Facilitation Pre-finance Fund (EFPF) scheme of 10,000 (ten million) Taka, which was launched by Bangladesh Bank vide Circular Letter No. 01 dated 01 Rabeya 2023, in light of the need to ensure adequate liquidity, timely disbursement of refinancing, and operational efficiency, the validity period of the Refinance Scheme for Pre-shipment Credit under this Circular Letter has been extended accordingly. Accordingly, refinancing will be provided on a First-Come-First-Serve (FCFS) basis for the Refinance Scheme under this Circular Letter for the EFPF scheme of 5,000 (five million) Taka. 3. The following amendments to the aforementioned Circular Letters have been made to facilitate the implementation of the Refinance Scheme: Clause 6 | Participating Banks: Bangladesh Bank Head Office shall be the sole beneficiary of the refinancing under this scheme. Participating banks are required to enter into a Participation Agreement with Bangladesh Bank in accordance with Banking Policy and Regulation Department-3, Bangladesh Bank; Clause 7 | Scheme Guidelines: The general guidelines, procedures, and implementation of this scheme shall be governed by Banking Policy and Regulation Department-3, Bangladesh Bank, Head Office. Participating banks may seek necessary clarifications from Bangladesh Bank, Banking Policy and Regulation Department-3 regarding the procedures and implementation of the scheme; Clause 8 | Scheme Validity: The validity period of the Refinance Scheme under this scheme shall be up to 31 December 2030. The scheme shall be revolving in nature; Clause 14 | (A) Participating banks shall apply for refinancing to the Chief General Manager (BRPD-1), Banking Policy and Regulation Department-3, Bangladesh Bank, Head Office, within the prescribed time limit for the Refinance Scheme under this Circular Letter. If the application for refinancing is rejected for the Refinance Scheme under this Circular Letter, the bank may apply again under the same Circular Letter citing valid and acceptable reasons; (B) vii. Additional relevant information as per Banking Policy and Regulation Department-3, Bangladesh Bank (if any). Page 2/2 (Continued from previous page) Clause 16 | Participating banks shall submit the FY audit report and necessary information to the Chief General Manager (BRPD-1), Banking Policy and Regulation Department-3, Bangladesh Bank, Head Office, within 15 days of the months of June, July, August, and September following the respective financial years, in accordance with the prescribed format; Clause 19 | Participating banks shall obtain necessary approvals/permissions from Bangladesh Bank, Banking Policy and Regulation Department-3, regarding any significant changes/modifications in the authorized signatories of the participating banks under the refinancing scheme; 4. Furthermore, under the Export Facilitation Pre-finance Fund scheme of 10,000 (ten million) Taka, no single borrower shall be granted refinancing under this scheme exceeding 200 (two hundred) Taka at a single point of time. Any deviation from this shall be treated as a violation of Circular Letter No. 01 dated 16 Rabeya 2022; 5. Accordingly, the aforementioned Circular Letters No. 08/2022 and Circular Letter No. 33/2023 shall stand amended accordingly; 6. This circular is issued under Section 45 of the Bangladesh Bank Order, 1972. This circular shall be binding on all banks; Authorized Signatory, (Md. Golam Rabbani Bhuiyan) Chief General Manager (BRPD-1) Ext: 9530252