Regulatory Alerts2023-12-14
Added
CIB Circular Letter No. 01: Regarding cut off time of upload of Credit Information to the Credit Information System (CIS)
Bangladesh Bank's Credit Information Bureau (CIB) has updated the requirements for all scheduled banks and financial institutions in Bangladesh regarding the upload of credit information to the Credit Information System (CIS). For existing loans, month-end contract data must be uploaded in bulk between the 1st and 15th of the following month. Any changes in loan classification require immediate upload of accounting date-based information. New loans sanctioned between August 1, 2023, and September 16, 2023, must have their subject and contract data uploaded in bulk, while new loans sanctioned after September 16, 2023, require immediate entry and upload of this data. This circular repeals CIB Circular Letter No. 01/2022 and is effective immediately.