Regulatory Alerts2023-06-08
Added
SFD Circular Letter No. 01: Refinance Fund for Technology Development/Up-gradation of Export Oriented Industries
The Sustainable Finance Department of Bangladesh Bank amends Circular Letter No. 02 by replacing references to the Export Policy 2018-21 with the Export Policy 2021-24. The circular updates the eligible sectors to include 35 industries under the highest priority, special development, and highest priority service sectors. It also sets the interest/profit rate payable by Participating Financial Institutions to Bangladesh Bank at 1% and the maximum rate for customers at 5%. These directives are issued under the Banking Company Act, 1991, and the Financial Institutions Act, 1993, and take immediate effect.
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