Home ›› 12 Aug 2022 ›› Front
Bad loans in Bangladesh hit all time high despite forbearance offered by the Bangladesh Bank in the face of the distressing situation created by Russia-Ukraine war.
At the end of June last, non-performing loans (NPLs) stood at Tk 1,25,257.57 crore, which is 8.96 percent of the total disbursed loans, as per the Bangladesh Bank latest data.
In the last three months, such type of loans rose by Tk 11,816 crore as the bad loans was at Tk 1,13,440.86 crore at the end of March last.
The amount of NPLs in the central bank data is not the actual figure, said Ahsan H Mansur, executive director of the Policy Research Institute.
He said the actual amount would be higher, adding default loans had not increased so much due to regulatory forbearance. Large industries, SMEs and the flood-hit agriculture sector will enjoy a flexible loan repayment facility up to December this year as Bangladesh Bank on June revived partial loan moratorium amid a deepening economic crisis.
The BB, for the first time, introduced the moratorium for borrowers in mid-2020 due to the pandemic and later extended the facility several times.
At the end of June this year, default loans at the state-run commercial banks stood at Tk 55,428.87 crore and at the private commercial banks it was Tk 62,677.56 crore.
At the same time, NPLs at the specialised banks stood at Tk 4,194.23 crore and the amount was Tk 2,956.91 crore at the foreign commercial banks, as per BB data.
