BRPD Circular No. 06: Fixing Rate of Interest on Import Financing

website: www.bangladesh-bank.org www.bangladeshbank.org.bd Banking Regulation & Policy Department Bangladesh Bank Head Office Dhaka-1000 May 05, 2009 BRPD Circular No.-06 Date------------------------ Baishakh 22, 1416 Chief Executives All Scheduled Banks in Bangladesh Dear Sir, Fixing Rate of Interest on Import Financing Your attention is drawn to BRPD circular no. 04, dated April 19, 2009 on refixing rate of interest on loan. With a view to ensuring adequate supply of essential commodities and keeping the price of these commodities within a reasonable limit in the ensuing month of Ramadan, the rate of interest on import financing of edible oil (crude and refined), chick-peas, lentils, beans, onions, spices, dates and fruits has been fixed at a maximum of 12%. Moreover, in case of import of the above mentioned commodities, banks are also advised to fix reasonable charges/fees/commissions. Other instructions of the aforesaid circular will remain unchanged. This instruction shall come into force with immediate effect and remain valid until further order. Please acknowledge receipt. Yours sincerely, sd/- (Abu Hena Mohd. Razee Hassan) General Manager Phone: 7117825