Banking-Law
Bangladesh Introduces Secure Transactions Act to Enable Movable Assets as Loan Collateral, Expanding Access to Credit
In Bangladesh, for any loan, bank usually ask for security. Usually, immovable property are considered as most secured form of security and most sought by bank. When banks consider other movable property as security, they faced a number of problems. To address those, on November 13, 2023 parliament has passed the Secure Transactions of (Moveable Assets) Act, 2023.