Circulars/Notifications - Banking Supervision Department  

 BSD Circular No. 34

28th September, 2001  

All  Banks,

Dear Sirs,

 

EXPORT FINANCE SCHEME

 

  Please refer to BSD Circular No. 26 dated 30th June, 2001 alongwith other instructions issued on the captioned subject from time to time. 

2.         It has been decided that effective 1st October 2001, the maximum rate of finance to be charged by the banks from their borrowers under the Export Finance Scheme for all eligible commodities as also under (Part-B) Export Sales of the Scheme for financing Locally Manufactured Machinery shall be 12.0% p.a. Where refinance is obtained by the financial institution from the State Bank, itubject to a maximum of 10.5% p.a. 

3.         Suitable amendments may accordingly be made in ICD Circular No. 12 and 13 of November 13,1994 

4.         Other instructions on the subject shall remain unchanged. 

            Please acknowledge receipt.



Yours faithfully,
(Kazi Abdul Muktadir)
Director
       
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