Business Desk :
Bangladesh Bank has simplified the criteria for the state-owned banks to act as participating banks in obtaining loans from the Green Transformation Fund (GTF).
From now on, even if more than 10 percent of the total loan is defaulted, the banks will get the loans from the GTF as a participant, said the central bank in a circular on Sunday.
According to the previous rules, to act as a participating bank, the amount of defaulted loan of the concerned bank cannot be more than 10 percent.
On the other hand, no bank can act as a participating bank if it has accumulated capital and liquidity deficit for loans or investments.
Earlier, the BB introduced €200 million GTF along with the existing $200 million to set up environment-friendly infrastructures. The participating banks are allowed to finance the export-oriented industries.
