Regulatory Alerts2018-10-18
Added · Updated
BRPD Circular No. 13: Loan Classification and Provisioning
The provisioning requirement for bank guarantees is modified based on the BB rating grade equivalence of the entity providing the counter-guarantee. Guarantees backed by counter-guarantees from entities with a BB rating grade equivalence of 1 require no provision, while those with grade 2, 3 or 4, and others require provisions of 0.50%, 0.75%, and 1.00% of the exposure amount, respectively. This modification applies to all scheduled banks in Bangladesh and takes immediate effect.
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