Bangladesh Bank asks banks to suspend loan classification till June 2020.

Bangladesh Bank asks banks to suspend loan classification till June 2020.

Gratitude to HPM Sheikh Hasina: FBCCI President

The central bank of Bangladesh has relaxed its policy asking the scheduled banks to suspend adverse classification of any loans till June 30 to facilitate business activities that have been adversely affected by coronavirus outbreak.

Under the relaxations, the banks have been instructed not to adversely classify any loans till June 30 from the states of January 01, 2020, according to a notification, issued by the Bangladesh Bank (BB) on Thursday.

Gratitude to HPM Sheikh Hasina thanks to Finance minister A HM Mostafa Kamal, commerce minister Tipu Munshi, private sector advisor Salman F Rahman, FBCCI board directors, general body members including heads of FBCCI member chambers, associations and enterprises.

From February FBCCI proposed Non fiscal support to sustain the shock, while we were tracking developments of exports, manufacturing, Agri, service sectors including domestic consumption to recommend all measures needed to sustain economic activities with nominal possible impact on businesses and employment.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) came up with the proposals at a press conference at its office in Dhaka on 23rd February.

https://www.thedailystar.net/business/news/fbcci-demands-support-bridge-over-coronavirus-1871821

https://www.bb.org.bd/mediaroom/circulars/brpd/mar192020brpd04.pdf

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