Regulatory Alerts2020-05-10
Added · Updated
BRPD Circular Letter No. 25: Financial stimulus package to mitigate probable economic impact due to breakout of Novel Corona Virus (COVID-19)
Bangladesh Bank permits scheduled banks and financial institutions to provide credit/investment facilities to industrial and service sector entities under the financial stimulus package without requiring a minimum AAA credit rating, provided the banks conduct risk analysis and customer selection based on their own existing policies. This exemption applies specifically to facilitate the restart of production and service operations disrupted by COVID-19. The circular replaces the previous 'Annexure-C-2' with a new version and mandates that all other instructions from Circular No. 08/2020 remain unchanged and effective immediately.
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