Dhaka March 14, 2025, 11:46 pm
Order to hold fresh AGM
The failure to repay a loan until September 30 would not be considered a default
The $ 100 million loan is part of a $250 million funding facility the AIIB has announced last month
Since Bangladesh's economy is ravaged by the virus and the government had announced a big stimulus package for economic recovery, it needs external budgetary support
The webinar aimed at focusing on the possible impacts of Covid-19 on the ongoing ADR proceedings, risk factors and how to manage risks arising from commercial transactions
A total of 15 commercial banks and 2 financial institutions have been directed to disburse the incentive amount by October 31
Out of 60 banks in the country, 28 are currently using domestic CBS
Meeting with lenders today amid poor fund disbursement from stimulus packages, especially for CMSMEs
This loan can be taken through the process of internationally recognized factoring (loan taken under the guarantee of the importer, exporter and two agents of the two countries with the loan export bill mortgage)
Non-scheduled Palli Sanchay Bank, Karmasangsthan Bank and specialised Probashi Kallyan Bank have received the government grant of Tk 2.5 billion each
The disbursed amount is just 7.50 percent of total Tk 200 billion financial support meant for small and medium enterprises (SMEs)
Banks cut more on lending
Among the projects, ERD has completed negotiations in 6 projects with the World Bank. It has also received approval of the World Bank board meeting in this regard
The number of fully online branches of these banks also increased to 9,580 at the end of April this year which is 90.45 percent of the total branches currently under operation across the country
Under the relaxations, the NBFIs are allowed to extend the tenure of term loans and leases by a maximum of 50 percent of the remaining time to maturity, instead of existing 25 percent
The policy will help NRBs to create their financial safety net in Bangladesh
Besides the project aid, Bangladesh also sought budgetary support from the Washington-based lender
The tenure of the refinance facility under the package will be three years from August 04, 2020 to August 03, 2023
The assistance will help alleviate the government’s urgent financial, logistical, and other constraints to meet immediate needs and deliver appropriate medical services
It is supporting the construction of eight public modern grain storage steel silo complexes for rice and wheat in eight different districts
