Economic Reporter :
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 on Thursday.
‘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.
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 on Thursday.
‘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.
