One more product to get green refinance as BB revises policy

Dhaka,  Sun,  23 July 2017
Published : 16 Mar 2017, 22:17:11
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One more product to get green refinance as BB revises policy

One more product to get green refinance as BB revises policy
FE Report


The central bank has included one more product -- Green Building Featuring -- in its list of products eligible for getting refinancing facilities under the green initiatives.

It also revised the interest rates on loans from the refinance scheme.

The Bangladesh Bank (BB) issued a circular in this connection Thursday, asking the chief executive officers and managing directors of the commercial banks to follow the instructions for refinancing the green products.

Now the number of green products stood at 51after including the new one. The products are eligible for getting loans from the refinance scheme of the central bank.

Under the revised interest rate policy, the banks and non-banking financial institutions have been allowed to charge interest at a range between 9.0 per cent and 8.0 per cent instead of existing highest rate of 9.0 per cent.

"The interest rates will be fixed considering the tenure of refinance," a senior official of BB told the FE.

He said it will help encourage the interested borrowers to avail of such refinancing facility from the banks and NBFIs.

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