FE Circular No. 28: Taka loans to Non-Resident Bangladeshi (NRBs) working abroad

Non-Resident Bangladeshi (NRBs) working abroad are permitted to avail housing finance facilities at a maximum debt equity ratio of 75:25, replacing the previous limit of 50:50. This change applies to Authorized Dealers of Foreign Exchange in Bangladesh and does not alter other existing instructions regarding these facilities.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 28 Date: July 23, 2017
All Authorized Dealers of
Foreign Exchange in Bangladesh
Dear Sirs,
Taka loans to Non-Resident Bangladeshi (NRBs) working abroad Please refer to paragraph 02(a) of FE Circular No. 19 dated December 06, 2015 in terms of which NRBs are allowed to obtain housing finance facility at a maximum debt equity ratio of 50:50 subject to observance of the stipulated instructions.
02. In order to enhance housing finance facility to NRBs working abroad, it has been
decided that they may avail housing finance facility at a maximum debt equity ratio of 75:25 instead of existing debt equity ratio of 50:50. Other instructions in this context shall remain unchanged. Please bring the contents of this circular to the notice of all your concerned constituents. Yours faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092

Lineage: In force

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This document amends: FEPD Circular No. 19: Taka loans to Non-Resident Bangladeshis (NRBs) working abroad

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works