BB raises lending ceiling as coronavirus chokes economy

13 April 2020 bdnews24.com


Bangladesh Bank has raised advance to deposit ratio or ADR by 2 percentage points, enabling banks to lend more during the coronavirus lockdown.
ADR, which measures loans as the percentage of deposits for commercial banks, will be 87 percent for the general banks. The rate will be 92 percent for Sharia-based banking.
The central bank ramped up its efforts to help the economy cope up with the effects of the coronavirus pandemic in a notice on Sunday, two days after the lockdown to contain the outbreak was extended to Apr 25.

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