B Mirror Report: To address potential domestic shortages caused by the ongoing conflict in Iran, Bangladesh Bank (BB) has eased the single borrower exposure limit for LPG imports, ensuring a steady energy supply throughout the country.
A circular detailing the new directive was issued today and disseminated to all banks.
Under the circular, banks will be allowed to extend additional loans for LPG imports even if the single borrower exposure exceeds 25%, provided prior approval is obtained from Bangladesh Bank. The central bank will, however, determine the specific lending limit for each individual institution.
The relaxation applies exclusively to LPG importers, aiming to prevent any disruption in the import supply chain. In these cases, Bangladesh Bank will permit banks to exceed the standard 25% exposure ceiling.
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