bdnews24.com :
Default loans with banks keep piling up, increasing by 7 percent in the last quarter of the past fiscal year over the previous quarter.
According to a latest report of the central bank, default loan amount stood at Tk 513.44 billion at the end of June, the last month of 2013-14 financial year, against Tk 481.72 a quarter before.
The figure represents 10.75 percent of the total amount disbursed.
State-owned banks top the list of those with default loans and they are followed by specialised banks.
Former deputy governor of Bangladesh Bank Khandker Ibrahim Khaled held the ‘inefficient board of directors’ and political interference on them mainly responsible for the increase in default loans.
According to the report, the total amount of loans disbursed by the banks stood at 4776.75 billion at June-end.
Considering the negative impacts of last year’s political unrest on business, Bangladesh Bank on Dec 23 relaxed the conditions for rescheduling loans disbursed to agricultural and industrial sectors.
Earlier, the central bank eased conditions for rescheduling loans in small and medium enterprise, or SME, sector.
The relaxation facilitates rescheduling of credit by paying only 5 percent of the total loan figure. Earlier it was 15 percent.
