Bangladesh Bank increases working capital credit limit
27 April 2022, 07:52 pm | Updated: 22 November 2024, 04:32 am
Bangladesh Bank (BB) on Wednesday increased the working capital credit limit for maintaining the productivity and momentum of the country's overall economic activities, including import and export.
For maintaining productivity and momentum of the overall economic activities, the central bank instructed banks to increase the already sanctioned working capital loan limit, said a BB circular issued today.
If necessary, banks will increase the limit based on banker and customer relation by reducing risk.
In the recent global economic context, the cost of production is increasing due to increase in prices of various commodities, including raw materials, and increase in transportation cost in the international market.
As a result, in spite of maximum utilization of the working capital credit limit already sanctioned by the scheduled banks in favor of the borrowers, it is not possible to complete the production activities, including payment for required raw material as per the demand, which is hampering the production process.
