loans

Tanners to receive Tk4 billion bank loan cap

Published: June 30, 2022

The Bangladesh Bank has set a loan cap of Tk4 billion (US$42.74 million) for tanners to procure rawhides in the upcoming Eid-ul-Azha season.

Tanners express concern about loan rescheduling

Published: September 30, 2021

The tanning industry remains guarded about the Bangladesh Bank’s offer to reschedule loans repayments until December, claiming that it would only benefit tanners who have good relationships with their commercial banks.

Tanners given extension on loan repayments

Published: June 24, 2021

On June 22, Bangladesh Bank issued a notice extending the deadline for tanners to repay default loans by three months under relaxed facilities given the upcoming holiday, Eid-ul-Azha, scheduled to be celebrated July 21. Tanners usually buy rawhides worth Tk 1,500 crore (US$18 million) during the Eid-ul-Azha.

Financial support for tanners extended until June

Published: April 13, 2021

Bangladesh Bank has extended the deadline for cottage, micro, small and medium enterprises (CMSME) to claim Tk 20,000 crore (US$236,7 million) until June. The extension is a result of a slow roll-out of the financial package.

Easier loan terms for Bangladesh’s tanners

Published: January 7, 2021

On January 6, the Bangladesh Bank reportedly introduced a loan rescheduling and one-time exit policy with easy terms for tanneries.

Major retail bank to help finance Gucci’s small suppliers

Published: May 29, 2020

Italy's biggest retail bank has signed an agreement with Gucci aimed at supporting local growth projects, international expansion programmes and the renewal of production structures of companies in the luxury fashion label’s supply chain.

Bangladesh tanners to receive loans to buy raw materials

Published: August 8, 2019

State controlled banks in Bangladesh have stepped in to help traders buy in hides and skins. Four state-owned banks are said to provide 23 entities with a credit facility for purchasing rawhides on the eve of Eid-ul-Azha, the biggest supply season of the item.

Loans to help tanners purchase hides

Published: September 5, 2016

Banks in Bangladesh are to provide loan facilities to help tanners purchase raw hides during the upcoming Islamic festival, Eid ul Adha.

More loans to buy raw materials

Published: September 24, 2015

Four banks in Bangladesh have agreed to increase loans to help tanners purchase raw hides during Eid-al-Adha.

Central bank offers incentives to tanners

Published: November 3, 2014

The Bangladesh central bank on November 2 declared an incentive package for tanners to help them move their tanneries to the designated industrial park in Savar. Any tanneries which have already moved there from the toxic tannery hub of Hazaribagh or are under process to do so will get an opportunity to shift their irregular loans into block accounts and will have eight years for repayment, with a one-year grace period, the bank has said.