Regulatory Alerts2020-11-26
Added · Updated
SMESPD Circular Letter No. 16: Special loan/investment facility of BDT20,000 crore provided to CMSME sector affected by Novel Corona Virus (COVID-19) pandemic
The Bangladesh Bank increases the annual loan/investment allocation ratio for the trading sub-sector under the COVID-19 relief package from 30% to a maximum of 35%, while ensuring the production and service sub-sectors receive at least 65%. The deadline for implementing the loan/investment distribution targets for scheduled banks and financial institutions is extended to December 31, 2020. Loan/investment limits for existing and new borrowers in the production, service, and trading sub-sectors are determined based on the extent of customer loss and the bank's existing credit policy, with existing customers restricted from exceeding their previous year's working capital facilities.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.