Regulatory Alerts2022-09-18
Added
SFD Circular Letter No. 02: Regarding Dedicated Sustainable Finance Help Desk
Bangladesh Bank mandates all scheduled banks and financial institutions to establish dedicated Sustainable Finance Help Desks at their head offices and all branch offices to accelerate green and sustainable financing. Institutions must set specific targets for these desks, provide mandatory training for staff and clients, and ensure rapid processing of loan applications and grievance redressal. Additionally, banks are required to identify and train at least three entrepreneurs annually, support at least one in securing financing, and submit quarterly progress reports using a standardized template to the Sustainable Finance Department.