Defaulted loans hit all-time high

28 Nov, 2019

Defaulted loans surged 24 percent to Tk 116,288 crore in September compared to that in December last year, the amount being the highest in the country’s history, largely because  of the central bank’s inertia to crack down on wilful defaulters. The previous record was broken after the third-quarter figure released by the Bangladesh Bank yesterday revealed that Tk 22,377 crore in classified loans had been added to the tally of December. Delinquent loans now account for 11.99 percent of the total outstanding loans in banks, up from 10.30 percent in December 2018. The previous highest non-performing loans (NPLs) were recorded in June this year at Tk 112,425 crore.

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