Economic Reporter :
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Tuesday welcomed the move by the central bank to set a maximum 9 percent interest rate on all loan products except credit cards.
The new rates will come into effect on April 1.
“This’s a relief by the Finance Ministry and Bangladesh Bank for entrepreneurs. We’ve long been advocating for lessening the cost of doing businesses in our country. We welcome the move. Our gratitude to Honourable Prime Minister Sheikh Hasina,” FBCCI President Sheikh Fazle Fahim said in a statement.
“We’re encouraged that it’s one element of ease of doing business in our country which will help the economy grow through new investment and expansion,” he further said.
The FBCCI chief hoped that the Finance Ministry with the stakeholders will reexamine overall banking operational models to minimise unproductive expenditures that will lower overhead and diversify access to capital for private sector investors.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Tuesday welcomed the move by the central bank to set a maximum 9 percent interest rate on all loan products except credit cards.
The new rates will come into effect on April 1.
“This’s a relief by the Finance Ministry and Bangladesh Bank for entrepreneurs. We’ve long been advocating for lessening the cost of doing businesses in our country. We welcome the move. Our gratitude to Honourable Prime Minister Sheikh Hasina,” FBCCI President Sheikh Fazle Fahim said in a statement.
“We’re encouraged that it’s one element of ease of doing business in our country which will help the economy grow through new investment and expansion,” he further said.
The FBCCI chief hoped that the Finance Ministry with the stakeholders will reexamine overall banking operational models to minimise unproductive expenditures that will lower overhead and diversify access to capital for private sector investors.
