BB issues new loan guidelines discouraging luxury imports
Dhaka, Jan 22 (UNB) - In a fresh move to discourage lavish house financing and import of luxury goods, Bangladesh Bank on Sunday issued new loan guidelines for all commercial banks and financial institutions.
Banking Rules and Policy Department (BRPD) of the central bank issued a circular in this regard and asked the top executives of all banks and financial institutions to follow the guidelines.
“The new guidelines under the consumer financing has already been sent to the banks and financial institutions,” said BB General Manager AFM Asaduzzaman on Sunday.
According to the circular, the banks and FIs will have to follow the loan margin ratio - 70:30 in the house finance sector and 30:70 for motor car loans and other loans under the Consumer Financing.
Banking Rules and Policy Department (BRPD) of the central bank issued a circular in this regard and asked the top executives of all banks and financial institutions to follow the guidelines.
“The new guidelines under the consumer financing has already been sent to the banks and financial institutions,” said BB General Manager AFM Asaduzzaman on Sunday.
According to the circular, the banks and FIs will have to follow the loan margin ratio - 70:30 in the house finance sector and 30:70 for motor car loans and other loans under the Consumer Financing.
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