Regulatory Alerts2020-10-20
Added · Updated
BRPD Circular Letter No. 52: Loan Classification and Provisioning
Banks in Bangladesh must maintain a 2% General Provision against unclassified loans across all Consumer Financing categories, excluding House Finance. This requirement replaces the previous 5% rate for non-House Finance consumer loans and the 2% rate specifically for credit card loans. The required General Provision rate for House Finance remains unchanged at 1%. These changes take immediate effect under section 45 of the Bank Company Act, 1991.
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