After more than a year of suspension of loans, the Bhutan Development Bank, BDBL announced that it has reopened its loan services for all 35 branches this morning. However, this is only a partial lifting. People will now be able to avail themselves of loans against Fixed Deposit and Consumer Loans.
After the Royal Monetary Authority suspended the loans for BDBL in May last year, the first partial lifting of the loans was approved by the Central Bank in March this year in five sectors in 11 branches. The suspension came after the bank’s increasing rate of Non-Performing Loans.
Samten Dolkar
Edited by Kipchu
