DFIM Circular Letter No. 03: Collecting and Preserving Audited Financial Statements in Loan Files for Approval and Renewal of Loans of Financial Institutions — BB — BD

Department of Financial Institutions and Markets Bangladesh Bank Head Office Dhaka.
Ref No.: DFIM.Circular.No.03
DFIM Circular Letter No.-03
Managing Director / Chief Executive Officer
All Financial Institutions operating in Bangladesh.

Dear Sir,

Subject: Collection and proper preservation of audited financial reports in the context of loan approval/renewal.

Reference is drawn to your attention to DFIM Circular No.-08 issued on August 17, 2021, and DFIM Circular Letter No.-04 issued on March 29, 2022.

Through DFIM Circular Letter No.-04/2022, instructions were provided that Instruction 01 of DFIM Circular No.-08/2021 will be effective from January 1, 2023, for institutions in the Cottage, Micro, and Small sub-sectors included in the MSME sector.
It has now been decided that for institutions in the Cottage, Micro, and Small sub-sectors included in the MSME sector that are considered public interest entities as defined in Section 2(8) of the Financial Reporting Act, 2015, the instructions of DFIM Circular No.-08/2021 will be effective from January 1, 2025.
In addition, all instructions of DFIM Circular No.-08/2021 will remain unchanged.

This order is issued under the powers conferred by Section 18(6) of the Financial Institutions Act, 1993.

Yours faithfully,

(Md. Amir Uddin)
Director (DFIM)
Phone: 9530178

30 Magh 1429
Date:
13 February 2023