Regulatory Alerts2021-02-14
Added
BRPD Circular No. 04: Refinance Scheme to Support Cinema Hall Owners
Bangladesh Bank establishes a Tk 1,000 crore refinance scheme for scheduled banks to provide low-interest long-term loans to cinema hall owners for renovation, modernization, and construction of new halls. Loans are capped at Tk 5 crore per cinema hall, with interest rates set at 5% in metropolitan areas and 4.5% outside, repayable over a maximum of eight years including a one-year grace period. Participating banks must sign an agreement with the Department of Off-Site Supervision and apply for refinancing by March 31, 2022.
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