Regulatory Alerts2023-08-13
Added
BRPD Circular No. 32: Export Facilitation Pre-finance Fund (EFPF)
The document amends the interest rate caps for the Export Facilitation Pre-finance Fund (EFPF) effective July 1, 2023, increasing the maximum customer-facing interest rate from 4% to 5% and the interest rate payable to the Bangladesh Bank on pre-finance funds from 1.5% to 2%. It further stipulates that participating banks must pay interest at the bank rate for any delays in repayment according to the approved schedule. All other instructions under BRPD Circular No. 01/2023 remain unchanged.
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