Default loans rise to Tk 2.84 lakh crore

The total amount of defaulted loans in the country stands at Tk 284,977 crore, the central bank says.

The amount is 16.93 percent of the total loans disbursed, the Bangladesh Bank said today (November 17).

It is also the highest ratio of loans and defaulted loans distributed in the last 16 years, it says.

A huge amount of defaulted loans is responsible for the delicate situation of the financial sector. Default loans in the banking sector have been increasing steadily for a long time.

Until June, the default loan amount was Tk 211,391 crore. That is, in the last three months, default loans have increased by Tk 73,586 crore.

At the end of September, the amount of defaulted loans of state-owned banks stood at Tk 126,111 crore, which is 40.35 percent of their distributed loans. And the amount of defaulted loans in private banks stood at Tk 149,806 crore, which is 11.88 percent of their distributed loans.

On the other hand, the amount of defaulted loans of foreign banks stood at Tk 3,245 crore, or 4.99 percent of the loans disbursed, and the amount is Tk 5,813 crore for specialised banks.