BRPD Circular Letter No. 63: Loan Classification and Provisioning

Website: www.bb.org.bd Banking Regulation & Policy Department Bangladesh Bank Head Office Dhaka

31 December 2020 BRPD Circular Letter No. 63 Date: ------------------------- 16 Poush 1427

Managing Director/Chief Executives All Scheduled Banks in Bangladesh Dear Sir, Loan Classification and Provisioning Please refer to BRPD Circular No.14, dated September 23, 2012 on the captioned subject. 2. As per above mentioned circular banks are advised to submit detailed statements through CL-1 in respect of classification, provision and interest suspense accounts within 25 days from the reference date. 3. With a view to obtaining a complete picture of asset quality of the banking industry within a short period and for taking policy decisions the section 10 of the BRPD Circular No. 14, dated September 23, 2012 has been replaced as follows: “Banks are advised to submit detailed statements through CL-1 in respect of classification, provision and interest suspense accounts within 15 days from the reference date and to ensure correct and timely submission of CL-1 failing to which penalty may be imposed against the bank concerned.” This circular letter will come into force with immediate effect. Yours sincerely, (Md. Nazrul Islam) General Manager Phone-9530252