BB raises interest rate for loans from EDF

Staff Reporter

01 Feb 2023, 23:08

Bangladesh Bank (BB) has raised the interest rate on loans made from its Export Development Fund (EDF) by 50 percentage points.

"It has been decided that interest rate on EDF loans to ADs will be charged by Bangladesh Bank at 3 percent pa, while ADs will charge interest to manufacturer-exporters at 4.50 percent pa, for disbursements until further instructions," as per a BB circular issued here today.

Other relevant instructions on EDF shall remain unchanged.

Comments

Latest
Popular

Bangladesh also walks out during Israeli speech

১

Language Movement's importance immense in liberation struggle: CA

২

Dhaka, Delhi agree to establish good working relations: Touhid

৩

President, CA pay homage to language heroes

৪

BGB-BSF meeting concludes in New Delhi

৫

Young generation ready to lead the world: CA

৬

Italy reaffirms support for Bangladesh's political, economic reforms

৭

Trump tells Zelenskiy to move fast for peace or lose Ukraine

৮

Hajj flights to start from Apr 29

৯

India can at least ‘put restrictions’ on Hasina

১০

Latest All News

Bangladesh also walks out during Israeli speech

১

Popular All News

More News

Explore new markets for Bangladesh products: PM to exporters

Prime Minister Sheikh Hasina on Sunday asked the exporters to explore new markets for Bangladeshi

Highest VAT depositor nine firms honoured

The National Board of Revenue (NBR) today honoured nine companies who have paid the highest

No legitimate grounds to warrant economic sanctions against Bangladesh: BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan on Friday said they "do

Dollar still costlier despite move to appreciate taka

Two forums of banks yesterday cut US dollar prices by Tk 0.5 but the move