Regulatory Alerts2012-01-22
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BRPD Circular No. 03: Prudential regulations for consumer financing
The loan-margin ratio for fresh house finance loans under consumer financing is set at 70:30, while the ratio for all other consumer loans, including motor car loans, is set at 30:70. These requirements apply to all scheduled banks in Bangladesh. The instructions take effect immediately.
website: www.bb.org.bd
Banking Regulation & Policy Department Bangladesh Bank Head Office Dhaka-1000
January 22, 2012 BRPD Circular No.-03 Date: --------------------- Magh 09, 1418
Chief Executives All Scheduled Banks in Bangladesh. Dear Sir, Prudential Regulations for Consumer Financing. Please refer to BRPD Circular No.-34 dated December 29, 2010 and Letter No.-BRPD(P1)661/13/2011-253-300 dated January 25, 2011. Now, it has been decided that loan-margin ratio for fresh loans shall be maintained at 70:30 in case of house finance under consumer financing and 30:70 for all other consumer loans including motor car loans. This instruction shall come into force with immediate effect. Please acknowledge receipt. Yours sincerely, sd/- (K.M. Abdul Wadood) General Manager Phone: 7117825
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