Dhaka: Bangladesh Bank on Sunday extended the deadline for raw jute exporters to apply for loan rescheduling, aiming to support businesses facing liquidity challenges and help regularise defaulted loans.
According to United News of Bangladesh, a circular issued by the Banking Regulation and Policy Department (BRPD) of the central bank states that exporters now have until June 30, 2026, to submit their applications. Previously, the deadline was December 31, 2025, requiring a down payment or a one-time deposit of two percent of their existing loan as of December 31, 2024.
Many exporters were unable to meet the original deadline due to complications in both global and domestic export markets. Under the revised directive, customers can apply to the concerned bank by depositing two percent of their defaulted (classified) loan balance.
The circular, which was sent to the Chief Executives of all commercial banks, is effective immediately. Bangladesh Bank indicated that the extension aims to safeguard the interests of exporters and ensure the continued dynamism of the country’s export trade.