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24-May-2015
IPO Application Form (A4)

20-Feb-2014
Notice for change Margin Loan Ratio

28-Nov-2013
Notice for Fund Withdrawal in Margin Account

03-Nov-2013
Notice for Affected Investors

19-Jun-2013
Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
21 Jul 2013
REFINANCING SCHEME :: Stock investors to pay 8pc interest on loans

The financially affected investors will get loans at an interest rate of 8 percent a year for three years from the government’s Tk 900 crore refinancing scheme, according to a proposed guideline by Bangladesh Securities and Exchange Commission.

The five-member panel, headed by Arif Khan, a member of the commission, submitted the guideline to the finance ministry on Thursday. The panel has worked to develop a guideline to disburse the first instalment of Tk 300 crore for merchant banks and stockbrokers. The remaining Tk 600 crore will be released in two parts by December. The move came in line with the finance ministry’s recommendation on July 7 to the market regulator to develop a guideline for the refinancing scheme.

The central bank on behalf of the government will transfer the fund to the account of the state-run Investment Corporation of Bangladesh (ICB) after finalising the guideline. The guideline proposed to form an inspection committee, including representatives of Bangladesh Bank, BSEC and ICB, to implement the scheme in phases. The securities regulator will cancel licences of merchant banks and stockbrokers if they fail to repay the loans, it said. The borrowers will have to repay the loans every three months and should give corporate guarantee against the loans to the ICB, according to the guideline.

In a letter to the finance ministry last month, the BSEC sought Tk 900 crore for merchant banks and over Tk 600 crore for brokerage houses of Dhaka and Chittagong stock exchanges to bring back stability to the ailing stockmarket. “The major portion of the loans of the merchant banks given to investors remained unrealised because of an unexpected market condition. On the other hand, merchant banks are repaying the instalments of loans that were taken from the commercial banks at higher interest rates,” the BSEC said.

The government in March 2012 had announced the compensation package that also included an interest waiver on margin loans for the investors who suffered losses during the market crash in 2010.

Source :: The Daily Star