Regulatory Alerts2020-06-15
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BRPD Circular No. 13: Loan Classification
The Bangladesh Bank extends the moratorium on worsening loan classifications for borrowers affected by the coronavirus pandemic from June 30, 2020, to September 30, 2020. Installments due between January 1, 2020, and September 30, 2020, are treated as deferred, preventing borrowers from being classified as defaulters during this period, while allowing for the extension of existing loan maturities by up to nine months or until December 31, 2020. Additionally, no penalty interest or extra charges are imposed on these loans during the deferral period, though standard interest accrual rules remain in effect.
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