The combined bad loans of the banks surged 27 percent year-on-year to Tk 62,913 crore at the end of last year. Two years prior, total bad loans of the four state banks stood at just over Tk 38,200 crore, according to financial statements.
The central bank said in quarterly review on money and exchange rate
More than Tk 92,000 crore have been siphoned out of the banking sector through 24 major loan scams since 2008, according to the Centre for Policy Dialogue (CPD).
The growth of bad loans is mainly due to the business-politics nexus, lack of corporate governance, and weak judicial system
HSBC Global Research says
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.
The combined bad loans of the banks surged 27 percent year-on-year to Tk 62,913 crore at the end of last year. Two years prior, total bad loans of the four state banks stood at just over Tk 38,200 crore, according to financial statements.
The central bank said in quarterly review on money and exchange rate
More than Tk 92,000 crore have been siphoned out of the banking sector through 24 major loan scams since 2008, according to the Centre for Policy Dialogue (CPD).
The growth of bad loans is mainly due to the business-politics nexus, lack of corporate governance, and weak judicial system
HSBC Global Research says
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.