Default loans reach record Tk 1.56 lakh crore

The non-performing loans (NPLs) in the country's banking sector reached a record of Tk 156,039 crore as of June this year thanks mainly to the lack of corporate governance in the sector.

The bad loans rose by Tk 24,419 crore in the last three months to June.

At the end of the sixth month of 2023, the NPLs stood at Tk 156,039 crore or 10.11 percent of the total disbursed loans, as per the latest data from the Bangladesh Bank.

Total outstanding loans in the banking sector stood at Tk 1,542,655 crore as of June 2023.