Regulatory Alerts2024-04-16
Added
Re-fixing interest rate on pre-finance facility under SREUP
The interest rate for pre-financing facilities to all new sub-loans under SREUP is re-fixed to a maximum of 7% per annum, while the rate for already sanctioned prevailing sub-loans remains at 5% per annum. Interest rates payable by Primary Financial Institutions (PFIs) to Bangladesh Bank for new On-Lending Loans are set at 4.5% per annum, with a PFI margin of 2.5%. Investment grants are to be sanctioned on a first-come, first-served basis, and all other instructions from previous circulars remain unchanged. These instructions take effect immediately and remain valid until further order.
Topics
monetary
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