Bangladesh Bank extends loan moratorium for all borrowers – Dhaka Tribune

Bangladesh Bank extended its loan moratorium facility for all borrowers until December 2022 to help prevent defaults, Dhaka Tribune reported June 22, citing a circular from the central bank.

Under the new terms, large industrial borrowers can repay their loans in phases — 50% in June, 60% from July to September and 75% in October to December. The balance must be repaid in the same installments for a year after the expiry of the loan period, according to the report.

In March 2020, the central bank introduced a complete moratorium on loans in response to the COVID-19 outbreak. In 2021, borrowers were required to pay 15% of the installments due for all types of loans, the publication added.