Bad loans reach 300,000C-mark for the first time

Non-performing loans (NPLs) hit a record Tk345,764 crore at the end of December last year, a total of 20.20% of total disbursed loans in the country.

Bangladesh Bank Governor Ahsan H Mansur revealed the figures at a press conference on Wednesday in the capital.

NPLs stood at Tk284,000 crore at the end of September last year, which was 16.93% of total outstanding loans at the time, according to central bank data.

More to follow…