Regulatory Alerts2024-03-31
Added
BRPD Circular Letter No. 16: Interest/Profit of Loan/Investment
The Bangladesh Bank revises the maximum margins allowed for determining loan interest rates, reducing the cap from 3.5% to 3.0% for general loans and from 2.5% to 2.0% for pre-shipment export, agriculture, and fisheries loans, based on the Bangladesh Bank Policy Rate (BBPR). These revised margins apply to new loans distributed after April 1, 2024, while existing loans follow previous instructions for rate adjustments. This circular explicitly revokes the directives contained in BRPD Circular Letter No. 11/2024, while other instructions from Circular No. 09/2023 and Circular Letter No. 27/2023 remain unchanged.
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