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You are here: Home / Blog / Foreign owned companies allowed to obtain Taka loan from local banks

Foreign owned companies allowed to obtain Taka loan from local banks

March 20, 2014

From now on foreign owned companies may avail loan in Taka from local market. Bangladesh Bank on March 11, 2014 through FE Circular No. 12 notified this decision. A foreign company operating for three or more years would be eligible for this facility.

Previously foreign owned companies had limited access to term loan in Taka. A foreign owned company was able to obtain loan only to the percentage of local content in the company’s equity, if any.

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Filed Under: Bangladesh Bank, Foreign Investment

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