Monday 10 August 2020 ,
Monday 10 August 2020 ,
Latest News
  • National Award winning music director Alauddin Ali dies
  • Bangladesh records 34 more deaths from coronavirus, 2,487 new cases
  • 8 more deaths take flood death toll to 169
  • First Covid-19 vaccine to get registered on 12th Aug in Russia
  • Bangladesh’s Covid-19 cases surpass 2.5 lakh
  • 27 more die, 2,851 new cases reported in 24 hours
  • Mountaineer Reshma killed in road crash
  • TikTok threatens legal action against US ban
  • Coronavirus cases worldwide pass 19 million
  • Bangladesh among global hotspots of series of floods: Study
  • WHO says ‘vaccine nationalism’ cannot beat virus
20 November, 2019 00:00 00 AM
Print

BB cuts interest on exporters’ borrowing from EDF

BSS, Dhaka

Bangladesh Bank (BB) has reduced the interest rate on loans from its Export Development Fund (EDF) by 1 per cent to boost exports.

“It has been decided that interest rates on EDF loans to Authorized Dealers (ADs) will be charged by Bangladesh Bank at six-month USD LIBOR (London interbank offered) plus 0.50 per cent, while ADs will charge interest to manufacturer-exporters at six-month USD LIBOR plus 1.50 per cent for disbursements until June 30, 2020,” according to a BB circular issued yesterday.

Earlier, ADs were charged by Bangladesh Bank at six-month USD LIBOR plus 1 per cent, with the ADs charging at

six-month USD LIBOR plus 2.50 per cent on their USD loan disbursements to manufacturer-exporters.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829
3031
More Business stories
Bangladesh Railway losing Tk 4-5cr every day Bangladesh Railway is losing Tk 4-5 crore in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government suspended all…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting