Revision of Interest Rates for Long Term Financing Facility under Financial Sector Support Project

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No. 01 Date: January 16, 2023 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sir, Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP) Please refer to FE Circular no. 27 dated November 13, 2016 and FE Circular Letter No. 16 dated November 01, 2017 regarding Long Term Financing Facility (LTFF) under Financial Sector Support Project (FSSP). Considering prevailing interest rate in the market, it has been decided to revise the interest rate through amendment of the section 9(b) of the LTFF Operations Manual issued by the above stated circular and circular letter which is as follows: An indicative pricing range of 3.00 ~ 4.00 percent would be applicable to the PFIs until further notice according to the following matrix: Tenor PFIs Up to 5 Years Up to 7 Years Up to 10 Years Banks having CAMELS Rating of 1 (One) 3.00% 3.25% 3.50% Banks having CAMELS Rating of 2 (Two) 3.25% 3.50% 3.75% Banks having CAMELS Rating of 3 (Three) 3.50% 3.75% 4.00% The revised rates will come into effect from January 01, 2023 and will be applicable for all the existing loans of LTFF. Please bring the contents of this circular letter to the notice of all your concerned constituents. Yours faithfully, Md. Sarwar Hossain Director (FEPD) Phone: 9530123