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BB for keeping 1pc provision for unclassified housing loans

Published: February 20, 2018 20:10:05 | Updated: February 21, 2018 10:47:46


Bangladesh Bank (BB) has asked the chief executives of all scheduled banks to maintain one per cent general provision against all unclassified housing finance loans under consumer financing.

The central bank issues a circular to this end on Tuesday, reports BSS.

"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 one per cent general provision instead of two percent against all unclassified housing finance loans under consumer financing," said the circular.

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