
The central bank of Bangladesh, Bangladesh Bank, has asked its authorised dealer (AD) bankers to insure their export financing to cover risk of any deceitful dealings even if the banks have been advised to safeguard their financing from default risk through insurance coverage under credit-guarantee scheme, as an extra comfort.
Media reports maintained this adding a notification to this end was issued by the central bank recently.
“Banks will take the coverage with the consent of exporters,” reportedly, underlined the BB notification even as a senior official speaking to the media, reportedly, claimed it will help the banks to safeguard their export financing.






