Dhaka, Bangladesh (BBN)-Bangladesh Bank (BB) on Thursday issued a fresh policy for good borrowers aiming to establish a sound credit culture in Bangladesh, officials said.
A borrower will be considered as good one if his or her loan accounts – continuous, demand and term – are unclassified-standard for consecutively three years, the central bank said in a circular.
“The policy will help to increase the profitability of banks through strengthening loan portfolios,” Deputy Governor of the Bangladesh Bank SK Sur Chowdhury told the BBN in Dhaka.
He also said the good paymaster will be able to get enhanced credit facility in line with the policy.
Under the new policy, the good borrowers will enjoy 10 percent rebate on interest, paid by them, in the third year.
Such facility will remain effective in the following years if the borrowers continue to be good ones.
The borrowers will not be considered as good ones if any loan of his or her affiliated business entities identified as classified in previous three years, the new policy added.
BBN/SS/ASI-19Mar15-7:50pm (BST)
Monday, April 15, 2024
