Bangladesh Bank (BB) logoAuthorized Dealers (ADs) will now be in a position to draw loans in euro from Green Transformation Fund at the rate of Euro Interbank Offered Rate (EURIBOR) plus 1% for the admissible purposesBangladesh Bank (BB) has introduced €200 million Green Transformation Fund (GTF) along with the existing US$200 million to set up environment friendly infrastructures. “A decision has been taken to introduce €200 million along with the existing $200 million. Accordingly, participating Authorized Dealers (ADs) will now be in a position to draw loans in euro from GTF at the rate of Euro Interbank Offered Rate (EURIBOR) plus 1% for the admissible purposes,” said a BB circular issued on Wednesday, reports BSS. In case of EURIBOR remaining in negative territory, ADs will be charged only at the rate of 1% against their borrowing from the fund. As usual, ADs shall determine their mark-up above the borrowingcost within the specified range of 1 to 2%.

Source: Dhaka Tribune April 15, 2020 11:15 UTC