BRPD Circular Letter No. 12: Guidelines on Internal Credit Risk Rating Systems for Banks

The document partially revises the 'Guidelines on Internal Credit Risk Rating Systems for Banks' to enhance the effectiveness and timeliness of banks' credit risk management. It extends the simultaneous implementation period for the revised guidelines and the associated model from June 30, 2019, to September 30, 2019, while mandating that the newly formulated guidelines and model become fully mandatory for implementation starting October 1, 2019. This directive applies to all scheduled banks operating in Bangladesh.

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Banking Regulation and Policy Department
Bangladesh Bank
Head Office
Dhaka.
Ref No.: BRPD
Date: June 20, 2019
BRPD Circular Letter No. 12 Date: ----------------- 06 Asharh 1426

To the Managing Director/Chief Executive
All Scheduled Banks operating in Bangladesh

Dear Sir,

Reference is made to the subject cited above.

Attention is drawn to BRPD Circular No. 16 dated October 30, 2018, on the subject cited above.

In order to make the credit risk management of banks more effective and timely, the "Guidelines on Internal Credit Risk Rating Systems for Banks" issued through the aforementioned circular is hereby partially revised.
Furthermore, alongside the "Credit Risk Grading Manual" issued through BRPD Circular No. 18/2005, the "Guidelines on Internal Credit Risk Rating Systems for Banks" and the attached model will remain in simultaneous operation until September 30, 2019, instead of the previous date of June 30, 2019.
From October 1, 2019, it must be ensured that the newly formulated guidelines and model are implemented mandatorily.

Yours faithfully,

(Husne Ara Shikha)
Deputy General Manager
Phone: 9530155

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Lineage: Superseded

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Timeline

Amended 1 time · last 2024-01-03

2024-01-03BBBRPD Circular Letter No. 02: Guidelines on Internal Credit Risk Rating Systemsupersedes

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works