Regulatory Alerts2016-09-25
Added · Updated
SMESPD Circular No. 03: Two step loan fund for refinancing or pre-financing under JICA assisted Urban Building Safety Project
Bangladesh Bank establishes a Two Step Loan fund to provide refinance or pre-finance to Participating Financial Institutions for building safety works in RMG factories located in Dhaka, Narayanganj, Gazipur, and Chittagong. Sub-loans are capped at 350 million BDT, carry a maximum interest rate of 6%, and offer maturity periods ranging from 10 to 15 years depending on the nature of the work. Participating Financial Institutions must meet specific accreditation criteria, including a minimum of three years of operational experience and a Non-Performing Loan ratio not exceeding 10%, and must submit applications by 19 October 2016.
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