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25 April 2024

Business Insider Bangladesh

3% margin to be added with SMART: BB

BI Desk || BusinessInsider

Published: 22:46, 31 March 2024  
3% margin to be added with SMART: BB

Photo: Collected

Bangladesh Bank (BB) has informed that banks can now add 3 percent with the reference lending rate which is also known as the SMART rate.

Earlier, it was 3.50 percent.

For pre-shipment export and agriculture loans, banks can add 2 percent with the SMART rate which is measured by the six-month moving average rate of treasury bills, as per a BB circular issued on Sunday.

It was 2.50 percent earlier.