BRPD Circular No. 07: Import Financing - Fixing of Interest Rate

website: www.bangladesh-bank.org www.bangladeshbank.org.bd Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka May 10, 2009 BRPD Circular No. 07 Date ----------------------- Baishakh 27, 1416

Chief Executives All Scheduled Banks in Bangladesh Dear Sir, Import Financing - Fixing of Interest Rate Attention is drawn to BRPD Circular No. 06 dated May 05, 2009 on fixing of interest rate on import financing. 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%. Now, it has been decided that this maximum rate of interest i.e. 12% will be applicable for import financing of sugar also. 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