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

Bangladesh Bank (BB) has re-fixed interest rate on pre-finance facility under support safety retrofits and environmental upgrades programme (SREUP), reports BSS.
"At customer level, the interest rate for pre-financing under SREUP has been re-fixed to a maximum of 5 per cent per annum instead of existing 7 per cent per annum. The new rate will be applicable to all new and existing sub-loans under the SREUP," said a BB circular issued on Monday.
According to the circular, the interest rate paid by PFIs to Bangladesh Bank for On-Lending Loan (OLL) under this project is fixed at 2.5 per cent per annum.
Investment grants will be sanctioned on a "first come, first served" basis; and other instructions of the aforesaid circular will remain unchanged, added the circular.