The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh has started recognising its ‘good borrowers’ for the year 2015 by giving them 10 per cent rebate on realised interest, the bank announced on Wednesday.
HSBC officials at a recognition programme for the good borrowers at a city hotel said that the rebate would be given in line with a Bangladesh Bank directive issued in March 2015 that asked all banks to give the rebate to foster a culture of good repayment.
The HSBC’s initiative will encourage other scheduled banks in the country to give recognition to their good borrowers, BB deputy governor SK Sur Chowdury said at the event.
He said, ‘Some good borrowers earlier alleged to the central bank that only defaulters had enjoyed the credit repayment relaxation from the central bank. Following the allegation, the BB took the initiative to encourage the good borrowers.’
HSBC Bangladesh chief executive officer Francois de Maricourt said, ‘Relationship with our customers has always been our priority and we are proud to have a customer base who are compliant with the banking norms. HSBC is delighted to recognize its eligible good borrowers.’
ACI Ltd managing director Arif Dowla, who was recognised by HSBC as good borrower, that the bank’s initiative would encourage borrowers to expand their businesses.
PRAN-RFL group director Uzma Chowdhury said that the good borrowers had been penalised for a long due to the higher interest rate charged by the banks. ‘We have now some advantages from the banks as the central bank took initiative so that good borrowers get rebate on realised interest,’ she said.
HSBC deputy CEO and country head of commercial banking Mahbub Ur Rahman also spoke on the occasion.
Customers of HSBC and senior officials of the bank were also present.
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