Sunday, June 8, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Bank of Bhutan reopens loan facilities

December 11, 2012
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

After eight months since the suspension of loan facilities by all the financial institutions in the country, Bank of Bhutan (BoB) has finally started accepting applications for loans.

But the bank is yet to reopen housing loans facility.

The move comes following a slight improvement in the Bank of Bhutan’s deposit with the Royal Monetary Authority (RMA).

[pullquote]

Our fund position has improved which means our balances with RMA have increased.”

Kesang Wangmo
Media Focal Person,
Bank of Bhutan

[/pullquote]

“Our fund position has improved which means our balances with RMA have increased. By balances, we mean our deposits have increased and loan repayments have been steady,” said BoB’s Media Focal Person, Kesang Wangmo.

However, she says they do not have unlimited funds unlike last year. “The available funds are being allocated as per sector exposure and region wise,”

Last year, BoB had loaned out about Nu.6 billion against this year’s  Nu.2 billion .

While the bank will focus on the financing productive sectors it will also consider the personal needs of individual clients.

[tab align=”left” width=”300px”]

No new loans in housing sector to be considered irrespective of construction approval dates
Housing portfolio having already crossed the maximum exposure limit
For transport loans, BoB to finance those vehicles already inside the country only
[/tab]

The lending will be done as per the revised interest rates that have been calculated on its base rate. The base rate stands at 10.38 percent. A tenure and risk premium will be added to this rate for calculating the actual lending rate for various loans. The base rate, however, could come down as the bank’s cash situation improves.

Previous Post

Man sentenced to nine years for statutory rape

Next Post

Students appeal Police to help them get home

Next Post

Students appeal Police to help them get home

Student caned, mother files case against the teachers

Biogas use becoming popular

Please login to join discussion

RECOMMENDED NEWS

PM asks global community to support LDC’s climate resilience plans

6 years ago
1
Trongsa fields two candidates for NC elections

Trongsa fields two candidates for NC elections

2 years ago
16

Tsethar poses threat to aquatic conservation according to study

6 years ago
8

Man injured in hit-and-run

13 years ago
0

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.