Dhaka:Bangladesh Bank (BB) has instructed all financial companies in the country to finalize the process of receiving applications and securing board approvals for special rescheduling and restructuring facilities for affected borrowers by December 31, 2026.
According to Bangladesh Sangbad Sangstha, the central bank issued this directive through a circular letter, aimed at providing policy support to restore the business operations and financial conditions of distressed but viable institutions.
The circular highlighted the attention of CEOs and managing directors of all financial companies to previous circular letters issued on July 16 and August 31, 2026. Under the new directive, financial companies must complete all related procedures, including board approvals, for distressed borrowers seeking special facilities by the end of 2026.
The circular further noted that existing relevant circulars and instructions would remain unchanged. The directive, issued on Monday, is authorized under Section 41(1)(ka) of the Financial Companies Act, 2023, and is effective immediately.