BB asks banks to report private sector foreign loan data in CIB database  | Business

DHAKA, Sept 29, 2025 (BSS) - Bangladesh Bank (BB) has asked banks and financial institutions to report the private sector foreign loans including suppliers’ credit into the Credit Information Bureau (CIB) database for enhancing transparency and improving credit risk management within the country’s financial sector. To this end, the central bank today issued a circular saying the directive is set to become effective starting November 1, 2025. The central bank has undertaken this initiative primarily for the purpose of monitoring external debt and performing comprehensive risk assessments of borrowers. Currently, because foreign loan information is not included in the CIB database, a borrower’s true debt burden is not reflected in their CIB report. This oversight has created a situation where...