Regulatory Alerts2026-04-09
SFD Circular Letter No. 02: Compliance with Bangladesh Bank’s Instructions on Brick Kiln Financing
Bangladesh Bank’s Department of Supervision issues SFD Circular Letter No. 02/2026 to enforce strict compliance with existing directives on brick kiln financing. The circular reiterates that the Sustainable Finance Policy-2023 explicitly prohibits funding brick kiln operations through clean energy or other facilities, while the ESRM-2022 guideline excludes Fixed Chimney Kiln (FCK) projects and mandates Environmental and Social Due Diligence (ESDD) for all other brick manufacturing units. Non-compliance with these instructions will be treated as a violation of Section 45 of the Bank Company (Amendment) Act, 2023 and Section 41 of the Financial Institutions Act, 2023, subjecting defaulting institutions to regulatory action.
Share