Bangladesh Bank has eased down payment requirements for exit facilities on defaulted loans of closed or loss-making companies, reducing the minimum payment from 10% to 5% of the outstanding loan balance. Additionally, the loan threshold for management-approved exit facilities has been raised from Tk10 lakh to Tk20 lakh, while higher amounts will require board approval. Introduced in July 2023, the exit policy allows distressed businesses to clear defaulted loans within three years through interest waivers and other measures, though such loans will remain classified as defaults until fully repaid. The revised policy further relaxes conditions but prohibits rescheduling or restructuring of loans under the exit facility.
Source for more details:
