Circulars/Notifications - Banking Supervision Department  
 BSD Circular No. 26
June 30, 2001 

All Banks/NBFIs

Dear Sirs,

EXPORT FINANCE SCHEME

 


Please refer to BSD Circular No 17 dated 31st March, 2001 alongwith other instructions issued on the captioned subject from time to time.

 2.       It has been decided that effective 1st July, 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 Export Sales - Part B of the Scheme for financing Locally Manufactured Machinery shall be 13% p.a. Where refinance is obtained by the financial institution from the State Bank, it will be subject to a maximum of 11.5% p.a.

 3.          Suitable amendments may accordingly be made in ICD Circular No 12 and 13 of November 13, 1994 and BSD Circular No. 17 of 31st March, 2001.

 4.       Other instructions on the subject shall remain unchanged.

           Please acknowledge receipt



Yours faithfully,
(Kazi Abdul Muktadir)
Director
       
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