Regulatory Alerts2024-06-23
Added · Updated
CIB Circular No. 02: Regarding Reporting of Credit Information having Credit Guarantee Facilities as CGS in Credit Information System (CIS)
The Circular directs banks and finance companies operating in Bangladesh to report loans with credit guarantee facilities in the Credit Information Bureau (CIB) database using the specific Contract Type codes 'TC' (Term Loan - CGS), 'BO' (Bai-Muazzal - CGS), 'WC' (Working capital financing - CGS), and 'BG' (Bai-Murabaha - CGS). These entries must be made in real-time, either individually or in bulk, strictly following the Domain Table provided in Annexure-A. The directive is issued under Article 44(1) of the Bangladesh Bank Order, 1972, and takes immediate effect.
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