BB eases 'risk-weighted' funding tenure in new investments

BB raises interest rate for loans from EDF

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According to the BSS report, Bangladesh Bank (BB) has increased the interest rate on loans taken from its Export Development Fund (EDF) by 50 percentage points.

As per the BB circular, “It has been decided that the rate of interest on EDF loans to ADs will be charged by Bangladesh Bank at 3 per cent per annum, while ADs will charge interest at the rate of 4.50 per cent per annum from manufacturer-exporters for disbursement till further instructions.” ” Released on Wednesday.

Other relevant instructions on EDF will remain unchanged.

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