Bank borrowing for cinema owners raised to Tk10cr
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
Bank borrowing for cinema owners raised to Tk10cr

Banking

TBS Report
09 December, 2021, 09:50 pm
Last modified: 09 December, 2021, 09:52 pm

Related News

  • World Bank seeks more funds to address climate change, other crises
  • Bangladesh Bank to downsize EDF fund
  • Bengal Commercial Bank opens Ashkona sub-branch
  • Palli Sanchay Bank inaugurates two-storey building in Dhamrai
  • Bengal Commercial Bank opens 13th Branch at Hasnabad in South Keraniganj

Bank borrowing for cinema owners raised to Tk10cr

TBS Report
09 December, 2021, 09:50 pm
Last modified: 09 December, 2021, 09:52 pm
Representational image. Photo: Mumit M/TBS
Representational image. Photo: Mumit M/TBS

Cinema owners with a minimum 100-seat capacity will be eligible for Tk10 crore bank loan for renovation or to build a new one, up from the previous limit of Tk5 crore, said a Bangladesh Bank circular on Thursday.   

Earlier in February this year, the central bank formed a refinancing scheme of Tk1,000 crore for the cinemas. The owners from the fund could avail a maximum Tk5 crore bank loan for renovation, modernisation and repair of the movie houses.   

According to the new circular, if there are multiple cinema units at a same building owned by the company or owner, they will be considered as a single unit while availing the loan from the refinancing scheme.   

In case of the same-building-units, banks will lend the highest Tk10 crore for establishing a new cineplex, and Tk5 crore for renovation. However, the loan demand will have to be reviewed thoroughly by the lender before approving it.

According to the circular, cinema owners, in case of running the hall in a rented building or on rented floors, will have to have rent or lease contracts at least 5 years longer than the repayment deadline.

Loans to the cinema have a 5% interest rate for the divisional cities, while the premium is 4.5% for other areas. The repayment period is eight years while repayment the first year will meet with a grace period.

The central bank in the new circular asked the managing directors and chief executives of all scheduled banks to implement the directive promptly.

Economy / Top News

Cinema owners / Fund / bank

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Bloomberg
    India's Adani slammed by $48 bln stock rout, clouding record share sale
  • Global central banks preaching on pay are enforcing squeeze too
    Global central banks preaching on pay are enforcing squeeze too
  •  Law, Justice and Parliamentary Affairs Minister Anisul Huq
    Next parliament election will be held as per constitution: Anisul

MOST VIEWED

  • Infograph: TBS
    State banks spend 80% of their forex for govt imports in H1
  • Cry for dollar for Ramadan imports
    Cry for dollar for Ramadan imports
  • Call money rate hits 7% for first time in over 6 years
    Call money rate hits 7% for first time in over 6 years
  • Bankers' assocs warn banks against buying remittances at higher rates
    Bankers' assocs warn banks against buying remittances at higher rates
  • 54% of annual agri loan target achieved in H1
    54% of annual agri loan target achieved in H1
  • Photo: PR
    MTB, Rahim Textile Mills ink deal for payroll banking services

Related News

  • World Bank seeks more funds to address climate change, other crises
  • Bangladesh Bank to downsize EDF fund
  • Bengal Commercial Bank opens Ashkona sub-branch
  • Palli Sanchay Bank inaugurates two-storey building in Dhamrai
  • Bengal Commercial Bank opens 13th Branch at Hasnabad in South Keraniganj

Features

Sketch:TBS

Why we need consumer education for consumer wellbeing

7h | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

8h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

9h | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

11h | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

23h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

1d | TBS Stories
After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

29m | TBS Entertainment
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

1d | TBS SPORTS

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net