DFIM Circular No. 10: Flow of financing for the Effected productive activities and business

DFIM Circular No. 10 December 29, 2013 Poush 15, 1420

To the Chief Executive/Managing Directors, All Financial Institutions operating in Bangladesh.

Dear Sir,

With reference to the continuation of financing for affected productive activities and businesses.

Due to the prevailing unstable situation in the country, the normal movement of inputs and products in the agriculture and industrial sectors has been disrupted, adversely affecting business activities and economic operations. Consequently, normal business operations are being hindered.

In this context, it has been decided that financial institutions may consider down payments and tenor determination on the basis of the institution-client relationship, and determine the tenor for loan restructuring reasonably, to maintain business operations and ensure loan recovery for genuine borrowers in all sectors, including SMEs and agriculture, who are genuinely affected.

However, in this regard, prior permission from Bangladesh Bank must be obtained after the approval of the competent authority of the financial institution.

This facility will remain valid until June 30, 2014.

Yours faithfully,

(A. K. M. Amzad Hossain) Deputy General Manager Phone: 9530249