Regulatory Alerts2025-08-19
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BRPD Circular Letter No. 18: Guidelines on Internal Credit Risk Rating System
The Bangladesh Bank requires banks to apply enhanced due diligence, comprehensive risk assessment including quantitative and qualitative factors, and Board-approved limits when approving or renewing loans for borrowers with an Internal Credit Risk Rating System (ICRRS) rating of 'Unacceptable'. Banks must maintain a consolidated list of such exposures in the format prescribed by the BRPD Division under Section 45 of the Bangladesh Bank Order, 1972. This directive supersedes previous circulars BRPD Circular Letter No. 16 dated October 30, 2018; Circular Letter No. 23 dated February 23, 2021; and Circular Letter No. 60 dated December 31, 2024.
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