Regulatory Alerts2015-12-06
Added · Updated
FEPD Circular No. 19: Taka loans to Non-Resident Bangladeshis (NRBs) working abroad
Authorized Dealers may extend mortgage loans in Taka to Non-Resident Bangladeshis working abroad for housing in Bangladesh, subject to a maximum debt equity ratio of 50:50 where the equity portion is funded via inward remittances or non-resident accounts. Repayment must originate from inward remittances, though net rental income may be used if the Authorized Dealer provides custodial collection services. Scheduled banks not authorized for foreign exchange must maintain links with Authorized Dealers for remittance channels and keep records of external source payments, while head offices must develop Product Program Guidelines incorporating these instructions.
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