Loading...
The Financial Express

BB for keeping 1pc provision for unclassified housing loans

| Updated: February 21, 2018 10:47:46


BB for keeping 1pc provision for unclassified housing loans

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.

Share if you like