Regulatory Alerts2021-08-04
Added
SFD Circular Letter No. 03: Target Fixation of Green Finance & Sustainable Finance
The document amends the basis for calculating the annual targets for Green Finance and Sustainable Finance by excluding credit card loans from the previous year's net bank credit and advances, in addition to the previously excluded employee loans and total classified loans. This directive applies to all scheduled banks and financial institutions operating in Bangladesh and takes immediate effect under the powers granted by Section 45 of the Bank Company Act, 1991, and Section 18(6) of the Financial Institutions Act, 1993. All other instructions contained in SFD Circular No. 01/2021 remain valid.