<p>Bangladesh Bank (BB) has asked the scheduled banks to keep unchanged the classification status of loan, lease or advance until 30 June to facilitate business activities amid the coronavirus outbreak, reports BSS.</p> <p>“Due to coronavirus, the world trade as well as Bangladesh business has been facing negative impacts. Bangladesh Bank has taken the decision considering the negative impact of coronavirus on the country’s overall economy, financial loss of the borrowers and the repayment of their loans in time,” said a BB circular issued on Tuesday.</p>.<p>As per the circular, the classification status of loan, lease or advance on 1 January 2020 will remain unchanged till 30 June.</p> <p>But, the classification status of loan, lease or advance will be changed as per rules if the classification improves, the circular added.</p>
<p>Bangladesh Bank (BB) has asked the scheduled banks to keep unchanged the classification status of loan, lease or advance until 30 June to facilitate business activities amid the coronavirus outbreak, reports BSS.</p> <p>“Due to coronavirus, the world trade as well as Bangladesh business has been facing negative impacts. Bangladesh Bank has taken the decision considering the negative impact of coronavirus on the country’s overall economy, financial loss of the borrowers and the repayment of their loans in time,” said a BB circular issued on Tuesday.</p>.<p>As per the circular, the classification status of loan, lease or advance on 1 January 2020 will remain unchanged till 30 June.</p> <p>But, the classification status of loan, lease or advance will be changed as per rules if the classification improves, the circular added.</p>
