• Saturday, Nov 17, 2018
  • Last Update : 02:05 am

Default loans rise by Tk14,286cr in three months

  • Published at 10:24 pm June 4th, 2018
economy-budget-1527699637315.jpg

Classified loans in the banking sector has posted a 20.68% year-on-year increase

Default loans in the country’s banking sector has increased by Tk14,286 crore in the first three months of 2018.

Although the country’s banking sector continues to struggle with non-performing loans (NPL), the total amount reached Tk88,589 crore at the end of March this year, 10.78% of the total outstanding loans, according to latest data revealed by the central bank.

Classified loans in the Bangladesh banking sector has posted a 20.68% year-on-year increase. The amount was of Tk73,409 crore by the end of March 2017. The volume of default loans at the end of last year was Tk74,303 crore.

According to Bangladesh Bank data, classified loans increased by Tk7,893 crore in private commercial banks and Tk6,359 crore in the state-owned commercial banks in the first three months of this year.

NPL at private commercial banks stood at Tk37,289 crore at the end of March 31, 2018 from Tk29,396 crore on December 31, 2017.

Classified loan in six state-owned commercial banks: Sonali, Agrani, Janata, Rupali, BASIC and Bangladesh Development Bank Limited has stood at Tk43,685 crore at the end of March 31, 2018 from 37,326 crore on December 31, 2017.