Trust Bank cuts interest rates
The Trust Bank Limited (TBL) has recently cut interest rates on loans in various sectors by 3 to 3.5 percent.The rate for agriculture products and agro-based industries has been brought down to 9 percent from 12 percent, says a press release. In case of small and medium industries, the rate has been re-fixed at 11 percent while the rate in respect of export financing for jute and jute goods and for all other exports fixed at 7 percent. The interest rates against working capital loans for industries and trade financing have been brought down in the range of 9 to 12.5 percent from 13 to 12.50 percent. On the other hand, for term loans and project financing, the rate has been reduced to 10 to 13 percent from 12 to 16 percent. The interest rates on all kinds of personal loans backed by cash collateral and financial assets have been reduced to 10 to 10.5 percent from 13 to 14.5 percent.
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