Regulatory Alerts2019-08-05
Added · Updated
DFIM Circular Letter No. 13: Regarding Taking Prior Approval for Renewal of Building/Floor Space Rental or Lease Agreement for FI's
Financial institutions must adhere to minimum lease durations of three years for initial contracts and two years for renewals. Prior approval from Bangladesh Bank is required for lease renewals if the rent increase exceeds 10% for a two-year term or 15% for a term of three years or longer. These instructions are effective immediately.
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