Regulatory Alerts2026-04-28
BRPD-3 Circular No. 01: Refinance Scheme for Pre-shipment Credit
Bangladesh Bank’s Banking Regulation and Policy Department-3 has issued a mandatory Participation Agreement to govern its Tk. 5,000 crore revolving Refinance Scheme for Pre-shipment Credit, designed to boost export financing. The document requires scheduled banks to formally commit to strict operational, monitoring, and risk-bearing obligations in exchange for accessing refinance funds at a 2% interest rate, while allowing them to charge exporters up to 5%. Participating institutions must submit applications within seven days of shipment, ensure proper fund utilization, assume full liability for borrower defaults, and comply with continuous reporting and recovery directives through December 2030.
Share