Regulatory Alerts2022-07-21
Added
SMESPD Circular Letter No. 03: Amendments to Financing Facility Under LFSSP Project
Bangladesh Bank amends specific clauses of SMESPD Circular No. 03 dated 27 March 2022 regarding the Line of Finance to Support SMEs Project. The changes reduce the minimum operational experience for Participating Financial Institutions from three to two years, lower the required CAMELS rating from 'Satisfactory' to 'Fair', and substitute references to Non-Performing Loans with Non-Performing Investments. Additionally, the deadline for submitting applications is extended by three months from the expiration of the original deadline, and various administrative terms in agency agreements and eligibility criteria are updated.