BB lifts lending caps on five key Sonali Bank branches
Before the latest directive, the branches were subject to lending limits ranging from Tk5 crore to Tk20 crore.
The Bangladesh Bank has removed the long-standing loan disbursement ceilings on five key corporate branches of state-owned Sonali Bank PLC, allowing them to resume lending to large and eligible borrowers subject to due diligence.
The central bank withdrew the restrictions following a recent application by the bank, removing credit caps on Sonali Bank's Local Office, Foreign Exchange Corporate Branch, Shilpa Bhaban Corporate Branch and Shaheed Abrar Fahad Avenue Corporate Branch in Dhaka, as well as the Laldighi Corporate Branch in Chattogram.
Before the latest directive, the branches were subject to lending limits ranging from Tk5 crore to Tk20 crore, depending on the branch. With the restrictions now lifted, the branches can sanction larger loans after conducting the required scrutiny of borrowers.
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Following the removal of these barriers, all branches under the state-owned lender are now empowered to process and issue loans to qualified clients in accordance with standard risk-assessment guidelines.
