BSS-31 BB modifies provisioning for banks, FIs

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ZCZC

BSS-31

BB-BANK-PROVISION

BB modifies provisioning for banks, FIs

DHAKA, Oct 18, 2018 (BSS) – Bangladesh Bank (BB) has modified the provisioning requirement for the banks, Financial Institutions (FIs) and organisations in accordance with their respective counter-guarantees.

There will be no provisioning requirement for the BB for rating ‘grade one’ banks or FIs or organisations while 0.50 percent for the ‘grade two’, according to a BB circular issued here today.

‘Grade three’ and ‘grade four’ banks or FIs or organisations will maintain 0.75 percent provision while one percent provision for other grades, the circular added.

BSS/KUC/GA/1800 hrs