The country's banking sector has witnessed a sharp spike in default loans, which rose by Tk14,539 crore last year, despite loan moratorium facilities.
This was a 16.38% rise that increased as several banks refused to extend the moratorium facility, bankers said.
The default loan rate stood at 7.93% at the end of December last year from 7.66% in the same period of previous year, according to the Bangladesh Bank data issued on Wednesday.
Default loans had seen a decrease during the Covid-19 outbreak in 2020, as loan moratorium facility was strictly followed by banks.
It came down to Tk88,734 crore at the end of December the same year.
However, the bank started to classify loans after resumption of economic activities causing a sharp rise in default loans to Tk1,03,273 crore at the end of last year.
