Published:  04:50 AM, 11 June 2019

Bad loans hit all-time high

Bad loans hit all-time high Bangladesh Bank: Activities of country's central bank now anger people due to bad loans, money laundering, trade deficit and so on.

The total amount of defaulted loans soared to Tk 110,873 crore (1.108 trillion) as of March this year, the highest ever in the country. The amount is 11.87 percent of total bank loans of the country and 1.09 percentage points higher than that a year ago, according to the central bank.The percentage of defaulted loans was 10.78 at March-end last year.

The amount of bad loans increased by Tk 22,000 crore (220 billion) in the last one year. At March-end, 2018, the amount of defaulted loans was Tk 88,589 crore -- 9.31 percent of the total loans disbursed by that time.According to data of Bangladesh Bank, at the end of last year the amount of total defaulted loans was Tk 93,911 crore.

The central bank data show that more than 52 percent of the defaulted loans were with eight state-run banks. As of this March, the eight banks had Tk 58,667 crore defaulted loans, up by 9.69 percent from the previous three months.Forty private banks had defaulted loans amounting to Tk 49,950 crore, up by 31 percent from the previous quarter.

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