Regulatory Alerts2023-10-05
Added
BRPD Circular Letter No. 44: Interest/Profit Rate of Loan/Investment
The Bangladesh Bank mandates that scheduled banks increase the maximum margin added to the benchmark rate when determining interest or profit rates for loans and investments. Specifically, the maximum margin is raised to 3.5% for general loans and to 2.5% for pre-shipment export, agriculture, and fisheries loans. These revised rates apply to all new loans disbursed after the issuance of this directive, while other instructions from previous circulars remain unchanged.
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