Regulatory Alerts2020-04-23
Added · Updated
BRPD Circular No. 10: Refinance Scheme for Providing Working Capital Loan/Investment Facilities in Large Industrial and Service Sector
Bangladesh Bank establishes a Tk 15,000 crore refinance scheme to reimburse scheduled banks and financial institutions for 50% of the working capital loans or investment facilities disbursed to large industrial and service sector entities (excluding SMEs) under BRPD Circular No. 8/2020. The scheme operates for three years with an interest/musharaka rate of 4.00% per annum, requiring participating institutions to sign a participation agreement and submit quarterly interest payments by the 10th of the following month. Banks must repay the principal upon loan recovery or after one year, whichever occurs first, and are subject to an additional 2% penalty if funds are used outside the designated scope.
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