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The defaulted loans in the banking sector climbed by about Tk10, 954 crore to Tk 1,31, 621 crore in the January-March quarter of 2023.
Bangladesh Bank (BB) sources said the defaulted loans increased by 9 percent from three months ago and 16 percent from a year earlier, reports UNB.
Despite different initiative of the central bank, defaulted loans is on a rising trend, which is becoming challenging and a headache, the BB Governor said recently in a conference Association of Bankers Bangladesh (ABB).
In comparison, the default loan figure stood at Tk1,20,656 crore in December 2022.
The defaulted loan volume surged in post Covid-19 period while the businesses abstained from repaying loan installments citing poor business.
During the pandemic the central bank announced a moratorium on regular repayment of loans that helped a large number of borrowers from becoming defaulters.
After withdrawal of the moratorium facility, the defaulted loan volume increased by over Tk 1.20 lakh crore in December last.
Bd-pratidin English/Golam Rosul
