BB re-fixes interest rate on pre-finance facility under SREUP

Bangladesh Bank (BB) has adjusted the interest rate for the pre-finance facility under the Support Safety Retrofits and Environmental Upgrades Programme (SREUP).

The interest rate for the pre-financing facility for all new sub-loans under the SREUP has been revised to a maximum of seven percent per annum, while the interest rate on already sanctioned prevailing sub-loans will remain at five percent per annum, according to a circular of the BB issued on Tuesday.

As per the circular, the interest rate will be paid by the PFIs to Bangladesh Bank for a new On-Lending Loan (OLL) under this Project is re-fixed at 4.5 percent per annum, where the margin for the PFIs is 2.5 percent.

The investment grants will be allocated on a "first come, first served" basis.

All other instructions in the circulars will remain unchanged.

These instructions will take effect immediately and remain valid until further notice.