Default loans keep soaring at banks

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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.

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