Staff Reporter :
The total default loans in the country’s banking sector rose to Tk 6,000 crore in third quarter of the current year due to loan scams in various banks, officials said.
As on September 30, the banking sector’s total default loans stood at Tk 57,000 crore which is 11.60 per cent of the total outstanding loans.
The total default loans stood at Tk 51,345 crore at the end of second quarter
(June 30 this year), up by 6.59 per cent from the first quarter. The amount was 10.75 per cent of the total outstanding loans, according to a data of Bangladesh Bank (BB).
“The default loan has increased by Tk 6000 crore with a span of three months due to scams in the banking sector,” said a senior BB official told The New Nation yesterday.
He added: Many loans that were given through fraudulence means have become defaults resulting rise in such loans.
If we compared with the present amount of default loan with that of the December last year, the overall default loan has increased to the tune of Tk 16,000 crore by this time, he noted.
Banking sectors’ default loan stood at Tk 40,583 crore on December 31, last year.
“Although the political situation is calm now, an uncertainty still looms large in the country that is preventing the businesses to pick up. As a result, many businessmen are unable to repay their loans on time, which also helped increase the amount of defaults loans,” he observed.
The total default loans in the country’s banking sector rose to Tk 6,000 crore in third quarter of the current year due to loan scams in various banks, officials said.
As on September 30, the banking sector’s total default loans stood at Tk 57,000 crore which is 11.60 per cent of the total outstanding loans.
The total default loans stood at Tk 51,345 crore at the end of second quarter
(June 30 this year), up by 6.59 per cent from the first quarter. The amount was 10.75 per cent of the total outstanding loans, according to a data of Bangladesh Bank (BB).
“The default loan has increased by Tk 6000 crore with a span of three months due to scams in the banking sector,” said a senior BB official told The New Nation yesterday.
He added: Many loans that were given through fraudulence means have become defaults resulting rise in such loans.
If we compared with the present amount of default loan with that of the December last year, the overall default loan has increased to the tune of Tk 16,000 crore by this time, he noted.
Banking sectors’ default loan stood at Tk 40,583 crore on December 31, last year.
“Although the political situation is calm now, an uncertainty still looms large in the country that is preventing the businesses to pick up. As a result, many businessmen are unable to repay their loans on time, which also helped increase the amount of defaults loans,” he observed.
