BRPD Circular No. 12 : Loan Classification and Provisioning

Banks are required to maintain a 2% General Provision against all unclassified Credit Card loans under Consumer Financing, replacing the previous 5% requirement. This revision applies to all Scheduled Banks in Bangladesh and takes immediate effect.

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website: www.bb.org.bd
Banking Regulation & Policy Department
Bangladesh Bank
Head Office
Dhaka-1000
20 August, 2017
BRPD Circular No- 12 Date : ------------------------ 05 Bhadra, 1424 Chief Executives All Scheduled Banks in Bangladesh Dear Sir, Loan Classification and Provisioning Please refer to BRPD Circular No. 05, dated May 29, 2013 on the captioned subject. As per the above mentioned circular banks are required to maintain 5% General Provision against unclassified credit card loans under Consumer Financing. With a view to promoting cashless secured transaction and considering the cost of operation of the credit card business, the above instruction regarding General Provision against unclassified credit card loans under Consumer Financing has been revised as follows:
Banks will be required to maintain 2% General Provision against all unclassified Credit Card loans under Consumer Financing. This circular will come into force with immediate effect. Yours sincerely, (Abu Farah Md. Nasser) General Manager Phone: 9530252

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Amended 1 time · last 2020-10-20

2020-10-20BBBRPD Circular Letter No. 52: Loan Classification and Provisioningamends

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works