Regulatory Alerts2024-02-29
Added
BRPD Circular Letter No. 11: Interest/Profit Rate of Loan/Investment
The Bangladesh Bank mandates that scheduled banks determine interest rates by adding a maximum margin of 3.50% to the policy rate, and a maximum margin of 2.50% for pre-shipment export, agriculture, and fisheries loans. These new margins apply to loans distributed after March 1, 2024, while existing loans follow previous circular directives. This circular explicitly revokes the instructions contained in BRPD Circular Letter No. 64/2023.
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