ACD Circular Letter No. 01: About CIB Reporting for Agricultural and Rural Credit

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, Domain: arc.barb.gov.bd Agricultural Credit Department 09 Chaitra 1431 ACD Circular Letter No. 01 Date: ---------------- 23 March 2025 Managing Directors / Chief Executive Officers All Scheduled Banks Operating in Bangladesh Dear Sir,

Regarding CIB Reporting.

1. Reference is drawn to this department's ACD Circular Letter No. 02 dated 03/12/2018 and Appendix No. 2.1.10 of the Agricultural and Policy Credit Policy and Guidelines for the fiscal year 2024-2025.

2. It was mentioned in the aforementioned circular letter and the relevant appendix of the policy guidelines that it is not necessary to collect CIB reports for new loan approvals or renewals of existing loans in the case of crop and harvest loans up to 2.50 lakh Taka.

3. If loans are disbursed without CIB report verification, it becomes impossible for the lending bank to know if a customer has taken multiple crop and harvest loans from various banks up to the maximum amount of 2.50 lakh Taka. This process creates a risk of increasing fraudulent loans. Currently, collecting CIB reports has been made much easier compared to before. Banks can quickly collect CIB reports of loan applicants using Bangladesh Bank's CIB portal.

4. In view of the above, it has been decided that CIB report verification will be required for all sectors under Agricultural and Policy Credit (excluding MFI linkages) for any amount of new loan approval or renewal of existing loans.

5. Furthermore, other instructions of the aforementioned circular letter and the relevant appendix of the Agricultural and Policy Credit Policy and Guidelines for the fiscal year 2024-2025 will remain unchanged.

This directive will take immediate effect.

Yours faithfully, (Debashis Sarkar) Director (ACD) Phone: 9530138 50119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.