Default loans up 17% to 284,000C in September

Default loans in Bangladesh increased by nearly 17%, reaching Tk284,000 crore as of September 2024.

This marks the highest level in many years, according to bankers.

The previous record was Tk211,391 crore reported in the April-June quarter.

The banking system currently has a total of Tk1,682,800 crore in outstanding loans, according to Bangladesh Bank statistics released on Sunday.

However, it is facing a provision shortfall of Tk55,378 crore as of September.

This is also the first data on defaulted loans since the fall of the Bangladesh Awami League-led government on August 5.