Thirty-eight banks have signed agreements with Bangladesh Bank, seeking over BDT280bn under its stimulus scheme, a senior central bank official told The Business Standard on Sunday.
The central bank has cleared the path for loan disbursements to begin on 1 September after resolving an interest rate dispute with commercial banks over funding for the BDT410bn refinancing facility, part of a wider BDT600bn package unveiled in May to reopen closed and struggling mills and factories. Under the agreed terms, Bangladesh Bank will pay fund-providing banks a rate tied to its policy rate plus 50 basis points, up from the 9% originally proposed. Treasury officials at several banks confirmed the earlier rate had been a key sticking point.
https://www.tbsnews.net/economy/banking/38-banks-seek-tk28000cr-stimulus-funds-struggling-businesses-1517961