Bangladesh Keyword: bank loan

June 3, 2024

The Bangladesh Bank has directed all banks to use ADR mechanisms to recover a minimum of 1.0 percent of their respective non-performing loans by 30 June 2026. The central bank emphasized the significance of the ADR mechanism in expediting the recovery of default loans and settling disputes outside of the court system. According to the […]

May 2, 2024

The Bangladesh Bank has adjusted the interest rates for pre-finance facilities within the framework of the support safety retrofits and environmental upgrades program (“SREUP”). For all new sub-loans under SREUP, the interest rate for pre-financing facilities has been capped at 7% per annum, while the interest rate for previously approved sub-loans will remain fixed at […]

December 4, 2023

In Bangladesh, securing a loan from a bank typically requires providing collateral, with immovable property being the preferred and most secure form of security. However, challenges arise when banks consider other movable assets as collateral. This legislation aims to address these issues by streamlining lending using movable property as collateral and establishing legal protections for […]