Regulatory Alerts2020-12-30
Added · Updated
BRPD Circular Letter No. 59: Loan Classification
Bangladesh Bank has decided that the instructions of BRPD Circular No. 17/2020 will apply to all rescheduled or one-time exit facility loans and investments, including those granted under BRPD Circular No. 05/2019, in light of COVID-19 related business and economic losses. For these facilities, any portion of the repayment period falling between January 1, 2020, and December 31, 2020, will be considered deferred, with a maximum deferral of 180 days for one-time exit facilities. This directive, issued to all scheduled banks operating in Bangladesh under Section 45 of the Bank Company Act, 1991, is effective immediately.
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