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  • BRPD Circular No. 01 (2018)

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    Mohaiminul Islam Shuvra
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    The Bangladesh Bank issued a circular reducing the general provision requirement for unclassified housing loans from 2% to 1%. This change was made to promote growth in the real estate sector by making housing finance through banks more affordable. The circular applies retrospectively from December 31, 2017, reducing the general provision that banks must hold against unclassified housing loans under consumer financing.

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    The Bangladesh Bank issued a circular reducing the general provision requirement for unclassified housing loans from 2% to 1%. This change was made to promote growth in the real estate sector by making housing finance through banks more affordable. The circular applies retrospectively from December 31, 2017, reducing the general provision that banks must hold against unclassified housing loans under consumer financing.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    137 views1 page

    BRPD Circular No. 01 (2018)

    Uploaded by

    Mohaiminul Islam Shuvra
    The Bangladesh Bank issued a circular reducing the general provision requirement for unclassified housing loans from 2% to 1%. This change was made to promote growth in the real estate sector by making housing finance through banks more affordable. The circular applies retrospectively from December 31, 2017, reducing the general provision that banks must hold against unclassified housing loans under consumer financing.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    website: www.bb.org.

    bd

    Banking Regulation & Policy Department


    Bangladesh Bank
    Head Office
    Dhaka-1000

    20 February, 2018
    BRPD Circular No- 01 Date : ------------------------
    08 Falgun, 1424

    Chief Executives
    All Scheduled Banks in Bangladesh

    Dear Sir,

    Loan Classification and Provisioning.

    Please refer to BRPD Circular No. 05, dated May 29, 2013 on the captioned subject.

    As per the above mentioned circular banks are required to maintain 2% General
    Provision against unclassified Housing Finance under Consumer Financing.

    With a view to promoting growth in the real estate sector through banks' participation in
    housing finance, it has been decided that banks have to maintain 1% General Provision instead of
    2% against all unclassified Housing Finance loans under Consumer Financing.

    This circular has been issued with retrospective effect from 31 December 2017.

    Yours sincerely,

    (Abu Farah Md. Nasser)


    General Manager
    Phone: 9530252

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