Regulatory Alerts2011-02-14
Added · Updated
BRPD Circular Letter No. 04: Fixing Rate of Interest on Import Financing
The document reiterates the maximum interest rate of 12% for import financing of specified daily necessity items, including edible oil, chickpeas, lentils, peas, onions, spices, dates, fruits, and sugar. It notes that some banks are violating this directive by charging higher rates and instructs all scheduled banks operating in Bangladesh to strictly comply with the 12% cap. This directive is effective immediately.
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