a year ago

Bangladesh Bank re-fixes interest rate on pre-finance facility under SREUP

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Bangladesh Bank (BB) has re-fixed the interest rate on the pre-finance facility under the support safety retrofits and environmental upgrades programme (SREUP).

"At the customer level, the interest rate for pre-financing under SREUP has been re-fixed to a maximum of 5 per cent per annum instead of the existing 7 per cent per annum. This 5 per cent interest rate will be applicable to all new and existing sub-loans under SREUP," said a BB circular issued on Monday.

According to the circular, the interest rate will be paid by PFIs to Bangladesh Bank for On-Lending Loan (OLL) under this Project is fixed at 2.5 per cent per annum, reports BSS.

Investment grants will be sanctioned on a "first come, first served" basis; and other instructions of the aforesaid circular will remain unchanged, added the circular.

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