Regulatory Alerts2015-12-30
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BRPD Circular Letter No. 16: Incentives to Good Borrowers
The document amends the effective date of BRPD Circular Letter No. 06 regarding the identification and incentivization of Good Borrowers (ADDB). The revised circular is scheduled to come into force on January 1, 2016, to ensure proper implementation of the instructions for identifying these borrowers.
Ref: BRPD Circular Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. December 30, 2015 BRPD Circular Letter No. 16 Date: ------------------- Poush 16, 1422
Managing Director / Chief Executive All Scheduled Banks operating in Bangladesh
Dear Sir,
Regarding incentives to good borrowers.
Reference is invited to BRPD Circular No. 06 issued on March 19, 2015, on the subject cited above.
Through the said circular, you were instructed to identify good borrowers (ADDB) and provide them with incentives. Considering that the identification of good borrowers by banks is a specialized and time-consuming process, it has been decided to implement the said circular from January 01, 2016, to ensure proper implementation of the instructions contained therein.
Yours faithfully,
(Abu Farah Md. Naser) General Manager Phone: 9530252
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