Commerce Bank Ltd cuts interest rate
Bangladesh Commerce Bank Ltd has reduced the interest rate on loans and advances for different sectors including agriculture. The reduced rate had been effective from yesterday. From minimum 0.50 percent to maximum 3 percent reduction has been made for different sectors, says a press release. In poverty alleviation programme and agricultural sector, the rate has been reduced from 13 percent to 10 percent, in large and medium scale industry from 14.75 percent to 13.50 percent, in working capital from 14.75 percent to 13.50 percent, in import from 14.75 percent to 13.50 percent, in export it is re-fixed at 7 percent and in other cases from 12 percent to 11 percent.
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