BANGLADESH BANK
Foreign Exchange Investment Department
(Medium- and Long-Term Loan Section)
Date: 03/06/2026
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.
Ref No: BEMUBI/MLT/706/EZ/4(Approval-1)/2026-1751 |
Executive Chairman
Bangladesh Economic Zones Authority (BEZA)
Prime Minister's Office Biniyog Bhaban
(8th, 9th, 10th Floor) E-6/B Agargao, Sher-e-Bangla Nagar, Dhaka-1207.
Dear Sir,
Regarding the approval of taking a foreign currency loan of USD 3.00 million from the Parent Company Ltd. in favor of Bengal Iris Takumi Limited.
With reference to the above subject, attention is drawn to your letter dated 05/02/2026 bearing Letter No. 03.07.0000.000.023.50.0241.24.26 and the subsequent letters of Prime Bank PLC dated 27/01/2026, 06/05/2026, and 18/05/2026 bearing Letter Nos. Prime/Simpletree/TBD/2026/1372, Prime/HO/CnIB/2026/326, and Prime/HO/CnIB/2026/26 respectively.
The application for a 10-year loan (including a 02-year grace period) amounting to USD 3.00 million from the parent company, Iris Company Ltd., Japan, by Bengal Iris Takumi Limited—a foreign-owned industrial enterprise established on a G2G basis by the Japan-Bangladesh government located in the Bangladesh Special Economic Zone—for the purpose of factory establishment and meeting long-term capital expenditures, has been approved under the following conditions:
The interest rate on the proposed loan, including all interest, fees, service charges, etc., shall not exceed 3.00% p.a. in total;
In case of disbursement of the loan, compliance with all conditions of Annexure-A (filled by the bank) and the Board of Directors meeting minutes of Bengal Iris Takumi Limited dated 15/10/2025 must be ensured;
The loan amount may be spent on liabilities related to Letters of Credit (L/C) to be opened for importing capital machinery and for civil construction (machinery and equipment import) expenses in accordance with the Proforma Invoice attached to the letter of Prime Bank PLC dated 18/05/2026 bearing Letter No. Prime/HO/CnIB/2026/26;
Once the Letter of Credit (L/C) is established, a copy of the L/C and, subject to the arrival of goods in the country, a copy of the Bill of Entry must be submitted to this department;
All raw materials for building construction by Bengal Iris Takumi Limited must be purchased locally from this country, and the proper utilization of the loan must be ensured by the bank;
If the loan is not drawn from the parent company within 18 (eighteen) months from the date of approval, this approval shall be deemed cancelled;
The final loan sanction letter and repayment schedule (along with the client's acknowledgment of receipt) must be sent to this department within 07 (seven) days of issuance, and no changes may be made to the content and terms of the loan agreement without prior permission from Bangladesh Bank;
To ensure proper utilization of the loan amount, regular monitoring by the bank must be ensured;
In case of loan classification and provisioning, the directives of Bangladesh Bank must be properly complied with;
Bangladesh Bank / Government of Bangladesh shall bear no responsibility or liability regarding the repayment of the loan amount;
As the Credit Risk Rating of the local institution is "Marginal", Prime Bank PLC must take necessary measures to comply with the instructions described in section 1.10 of the "Guidelines on Internal Credit Risk Rating System for Banks" issued as per BRPD Circular Letter No. 16 (Date: 30/10/2018);
According to Section 5(Ga) of the Bank Company Act, 1991 (amended up to 2013), if the local institution, its directors, or their interest-related institutions are considered defaulters according to the updated CIB report, this approval will not be effective;
In matters related to foreign loans, the instructions notified in the Guidelines for Foreign Exchange Transactions (GFET), 2018, and applicable rules, regulations, risk management, and credit disbursement code of conduct issued by Bangladesh Bank from time to time must be properly followed;
Upon reasonable consideration, Bangladesh Bank reserves the right to alter/modify any condition of the loan under discussion;
The bank must ensure that necessary information regarding the import of construction materials is reported into Bangladesh Bank's Online Import Monitoring System (OIMS);
If there is a requirement to obtain permission/No Objection Certificate (NOC) from any other authority under the prevailing laws/regulations of the country besides Bangladesh Bank, this approval shall in no way exempt the borrower institution from such requirement;
Documentation related to loan disbursement must be sent to this department within 14 (fourteen) days from the date of disbursement of the loan under discussion;
The loan under discussion may in no way be spent to meet current working capital requirements, including the repayment/adjustment of loans previously taken/created in local currency; and
The repayment status of loan interest and principal must be reported on a quarterly basis in the prescribed format to the Statistics Department and this department of Bangladesh Bank.
Yours faithfully,
Signed/-
(Mahmudun Nabi) Director Phone: 9530144 E-mail: mahmudun.nabi@bb.org.bd
Memo No: BEMUBI/MLT/706/EZ/4(Approval-1)/2026-1753, 1754, 1755, 1756 | Date: -As Above-
Copy forwarded for information and necessary action:
Managing Director, Prime Bank PLC, Head Office, Simpletree Anarkali, Holding No.: 89, Plot No: 03, Block: CWS(A), Gulshan Avenue, Gulshan, Dhaka-1212.
Managing Director, Bengal Iris Takumi Limited, Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi via Rupganj Araihazar, Narayanganj-1460.
Director, Statistics Department, Bangladesh Bank, Head Office, Dhaka.
Director, Bank Supervision Department-11, Bangladesh Bank, Head Office, Dhaka.
Note: This is a Translated Copy. Bangladesh Bank issued only in Bengali Language.