Photo : Collected
The defaulted loans in the banking sector climbed by aboutTk10, 954 crore to Tk1,31, 621 crore in the First (January-March) quarter.
According to Bangladesh Bank (BB) the defaulted loans increased by 9 percent from three months ago and 16 percent from a year earlier.
Despite different initiative of the central bank, defaulted loans is on a rising trend, which is becoming challenging and a headache, the BB Governor said recently in a conference Association of Bankers Bangladesh (ABB).
In comparison, the default loan figure stood at Tk1,20,656 crore in December 2022.
The defaulted loan volume surged in post Covid-19 period while the businesses abstained from repaying loan installments citing poor business.
During the pandemic the central bank announced a moratorium on regular repayment of loans that helped a large number of borrowers from becoming defaulters.
After withdrawal of the moratorium facility, the defaulted loan volume increased by over Tk 1.20 lakh crore in December last year.
TDM/FMT
