Regulatory Alerts2023-02-16
Added
SMESPD Circular Letter No. 03: Additional Refinance fund for CMSME sector under CECRFP
Bangladesh Bank extends the refinance facility under the COVID-19 Emergency and Crisis Response Facility Project to participating financial institutions for term loans or investments up to three years, specifically for renovation, decoration, and short to mid-term asset purchases. The refinanced amount is to be realized by Bangladesh Bank one year after the refinance date, with an interest or profit rate of 4% charged at the time of principal realization. Participating financial institutions that have not previously signed a participation agreement under SMESPD Circular No. 06/2021 must submit applications by March 10, 2023, and adhere to modified instructions regarding interest rates, agreements, and loan recovery.
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