Bangladesh Bank

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Cost of Funds Index (CoFI) of the Non Bank Financial Institutions.

ParticularsApr, 2021May, 2021Jun, 2021Jul, 2021Aug, 2021Sep, 2021Oct, 2021Nov, 2021Dec, 2021Jan, 2022Feb, 2022Mar, 2022Apr, 2022
Cost of funds6.946.666.646.56.516.486.376.466.536.476.596.396.65
Adjusted Cost of funds7.977.647.597.457.477.437.317.417.487.427.547.347.62

Cost of Funds is the weighted average interest rate of the interest-bearing liabilities of a non bank financial institution. Cost of Funds Index (CoFI) reflects the weighted average interest rate reported for a given month by the non bank financial institutions.

There are two computation of cost of funds; one is for all the interest-bearing funds and the other is for the interest-bearing funds excluding the low-cost specific purpose scheme funds (adjusted cost of funds).

CoFI serves as the reference rate for pricing the variable interest loan products. In setting the variable interest rate of a new loan, NBFIs will add margin to the industry CoFI or Adjusted CoFI . Bangladesh Bank issued guidelines on the Base Rate System for the NBFIs through DFIM Circular No.-06, dated- 20 August 2013. The guidelines provide more details on the CoFI.