Bangladesh Bank (BB) has listed 131 institutions and companies as eligible collateral valuation firms for assessing securities submitted against loans taken or to be taken by borrowers of scheduled banks. The list, divided into Group 'A' with 98 institutions and Group 'B' with 33, was prepared under a policy introduced on November 28, 2023. This directive ensures that scheduled banks conduct collateral valuations through these enlisted firms in accordance with BB's relevant policies and instructions.
The enlistment is valid for three years, after which institutions must apply for renewal six months before the expiry. Bangladesh Bank retains the authority to remove any firm from the list before the three-year period if it fails to comply with prescribed conditions or for any reasonable cause. Additionally, the enlisted valuation firms are required to submit annual reports to the Banking Regulation and Policy Department-1 of Bangladesh Bank by January 15 of the following year.
This move by Bangladesh Bank is crucial for maintaining the integrity and reliability of collateral valuation processes within the banking sector. By standardizing the valuation process, BB aims to reduce risks associated with loan defaults and ensure that banks have accurate assessments of the value of collateral submitted by borrowers. This, in turn, helps in making informed lending decisions and safeguarding the financial stability of the banking system.
The list includes prominent firms such as Bangladesh Inspection & Survey Pvt Ltd, Mollik Adjusters Ltd, and Saybolt Adjusters Ltd in Group 'A', and Dhaka Survey Company Ltd, Prime Consulting (BD.) Ltd, and Rightway Surveyors in Group 'B'. These firms are now authorized to provide valuation services, playing a vital role in the loan assessment process for banks across Bangladesh.
The directive was issued under Section 29KA of the Bank Company Act, 1991, as amended up to 2023, and came into effect immediately. This policy reflects Bangladesh Bank's commitment to enhancing the regulatory framework governing the banking sector, ensuring transparency, and promoting a robust financial ecosystem.


































