BRPD Circular Letter No. 02: Guidelines on Internal Credit Risk Rating System

Managing Director/Chief Executive
All Scheduled Banks Operating in Bangladesh

Dear Sir,

Reference is drawn to your attention to BRPD Circular Letter No. 07 issued on February 23, 2022, regarding the subject cited above.

2. The instructions under paragraphs 1.8 and 1.10(d) of the "Guidelines on Internal Credit Risk Rating System" issued through BRPD Circular No. 16 dated October 30, 2018, have been relaxed until December 31, 2023, by the aforementioned circular letter.

3. In order to keep the nationwide commercial program moving, considering the current financial status of the bank's borrowers, to provide necessary credit facilities from the banking sector and to continue renewing existing loans, the validity period of the instructions of BRPD Circular Letter No. 07/2022 has been extended until December 31, 2024. From January 1, 2025, BRPD Circular Letter No.-12, dated: June 20, 2019, will be reinstated and the instructions of this circular letter will be considered cancelled.

4. These instructions are issued under the powers conferred by Section 45 of the Bank Company Act, 1991.

These instructions will come into force immediately.

Yours faithfully,

(Md. Harun-ur-Rashid)
Director (BRPD)
Phone: 9530095
Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Bangladesh

Ref No: BRPD-Reg-20-01-002-2022-113
Banking Regulation and Policy Department

BRPD Circular Letter No.-02

Date: 03 January 2024
Date: -------------------
19 Poush 1430