Regulatory Alerts2023-09-13
Added
BRPD Circular Letter No. 39: Settlement of Fund Taken from Export Facilitation Pre-finance Fund (EFPF)
The document amends previous instructions regarding the Export Facilitation Pre-finance Fund (EFPF) by permitting scheduled banks in Bangladesh to settle the principal of loans taken under this facility in full or in part before the maturity date. If partial settlement occurs, the remaining unpaid balance, along with applicable interest or profit, must be paid in a lump sum upon maturity. This directive is issued under Section 45 of the Bank Company Act, 1991, and takes immediate effect.
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