Out of foreign banks’ total outstanding loan worth Tk25,881 crore, Tk2,156 crore turned into default.
Specialised banks accounted for default loans of Tk5,l816 crore with default rate of 26.14% at the end of June. The default loan rate of these kinds of banks was 23.24% in March.
The default loan of the state-owned banks rose slightly by over Tk2,700 crore in June quarter compared to previous quarter. The default loan rate of these banks stood at 25.74% from 24.27% in the same quarter. The total default loans of state-owned banks stood at Tk30,076 crore in June from Tk27,289 crore in March.
Bangladesh Bank Senior Executive explained that the state banks were mainly accounted for higher growth of default loan but the scenario has now been changed.
After the BASIC Bank and Halmark loan scams, general loans are now also turning into default in slow motion.
The total default loans of the private commercial banks decreased slightly to Tk25,315 crore as of June compared to Tk25,331 crore as of March. The default loan rate of these banks slipped to 5.44% at the end of June from 5.75% at the end of March, according to the Bangladesh Bank data.The default loan rate climbed to double digit of 10.06% at the end of June from the single digit of 9.92% in March.
However, Bangladesh Bank is considering the rising rate a tolerable one with the hope that the trend will remain steady in the next quarter, said a senior executive of Bangladesh Bank.
The central bank is now rigid in allowing loan rescheduling, which contributed to grow the default loans, he said. “So far, the uptrend in default loan is very normal.”
The total default loan stood at Tk63,365 crore as of June from Tk59,411 crore as of March, according to the latest available data of Bangladesh Bank.
The total outstanding loan was Tk6,30,019 crore in June which was Tk5,98,648 crore in March, this year.
Foreign and specialised banks mainly accounted for rising total default loans. The default loan rate of foreign banks rose to 8.33% as of June compared to 7.51% as of March.
Out of foreign banks’ total outstanding loan worth Tk25,881 crore, Tk2,156 crore turned into default.
Specialised banks accounted for default loans of Tk5,l816 crore with default rate of 26.14% at the end of June. The default loan rate of these kinds of banks was 23.24% in March.
The default loan of the state-owned banks rose slightly by over Tk2,700 crore in June quarter compared to previous quarter. The default loan rate of these banks stood at 25.74% from 24.27% in the same quarter. The total default loans of state-owned banks stood at Tk30,076 crore in June from Tk27,289 crore in March.
Bangladesh Bank Senior Executive explained that the state banks were mainly accounted for higher growth of default loan but the scenario has now been changed.
After the BASIC Bank and Halmark loan scams, general loans are now also turning into default in slow motion.
The total default loans of the private commercial banks decreased slightly to Tk25,315 crore as of June compared to Tk25,331 crore as of March. The default loan rate of these banks slipped to 5.44% at the end of June from 5.75% at the end of March, according to the Bangladesh Bank data.
Out of foreign banks’ total outstanding loan worth Tk25,881 crore, Tk2,156 crore turned into default.
Specialised banks accounted for default loans of Tk5,l816 crore with default rate of 26.14% at the end of June. The default loan rate of these kinds of banks was 23.24% in March.
The default loan of the state-owned banks rose slightly by over Tk2,700 crore in June quarter compared to previous quarter. The default loan rate of these banks stood at 25.74% from 24.27% in the same quarter. The total default loans of state-owned banks stood at Tk30,076 crore in June from Tk27,289 crore in March.
Bangladesh Bank Senior Executive explained that the state banks were mainly accounted for higher growth of default loan but the scenario has now been changed.
After the BASIC Bank and Halmark loan scams, general loans are now also turning into default in slow motion.
The total default loans of the private commercial banks decreased slightly to Tk25,315 crore as of June compared to Tk25,331 crore as of March. The default loan rate of these banks slipped to 5.44% at the end of June from 5.75% at the end of March, according to the Bangladesh Bank data.