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Saturday, January 11, 2025

Home Business SBP enhances financing limit for hospitals, medical centres

SBP enhances financing limit for hospitals, medical centres

by News desk
May 2, 2020
in Business

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Staff Reporter

Karachi

The State Bank of Pakistan on Friday enhanced financing limit of a single hospital/ medical centre under its Refinance Facility for Combating COVID -19 (RFCC) from Rs. 200 million to Rs. 500 million.
RFCC is an emergency funding facility to support hospitals/medical centres to develop their capacities for treatment of infected patients of COVID-19, said a news release.
The financing under this facility is being made available by State Bank at 0% to banks that can charge a maximum rate of 3% per annum to hospitals/medical centers. State Bank has been continuously improving features of this facility to ensure timely financial support to hospitals/medical centers engaged in combating COVID-19.