SFD Circular Letter No. 02: Relending for Improvement of Brick Kiln Efficiency

Sustainable Finance Department Bangladesh Bank Head Office Dhaka. May 10, 2016

SFD Circular Letter No. 02/2016 ....................... Ref No. 27, 1423

Managing Director / Chief Executive All Scheduled Banks and Financial Institutions operating in Bangladesh.

Dear Sir,

Regarding Relending in the context of the Brick Kiln Efficiency Improvement (BKEI) Project.

Reference is invited to GBSCRD Circular No. 03/2014 dated June 03, 2014. In the said Circular, existing Article 04 is hereby replaced as follows:

1. 'Banks and Financial Institutions shall be provided with relending facilities from this fund up to a maximum of 50% of the estimated cost of any single project. Banks and Financial Institutions and Entrepreneurs shall contribute at least 20% and 30% respectively. Relending facilities shall be provided on a first-come-first-served basis.'

2. Furthermore, the word "re-authorization" mentioned in all previously issued circulars and circular letters regarding this matter, and in all participation agreements already executed between Bangladesh Bank and Participating Financial Institutions (PFIs), is hereby replaced by the word "relending".

This instruction shall be implemented immediately.

Thanking you,

Yours faithfully,

(Manoj Kumar Biswas) General Manager Phone: 9530320 Fax: 9530327 Email: sfd@bb.org.bd

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