Regulatory Alerts2024-10-03
Added · Updated
CIB Circular Letter No. 02: Regarding cut off time of upload of Credit Information to the Credit Information System (CIS)
This directive mandates that all scheduled banks and finance companies operating in Bangladesh upload monthly credit data to the Credit Information System (CIS) between the 1st and 15th of the following month. It requires real-time uploads for any changes to loan classification, such as renewals, restructuring, or rescheduling, occurring between monthly reporting periods. The circular explicitly repeals the previous CIB Circular Letter No. 01 dated May 6, 2024, and takes immediate effect under the authority of Article 44(1) of the Bangladesh Bank Order, 1972.
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