Default loans in the banking sector shot to a historic high at the end of June this year owing to rising non-performing loans (NPLs) at state-owned commercial banks, said Bangladesh Bank (BB) yesterday. The amount of NPLs at the state banks stood at Tk 74,450 crore, up 28.45 percent from
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.
Investigators sitting on information about Dubai real estate purchase despite HC order
“Is Bangladesh a place of looters?” – this question was raised by the High Court last month.
Habitual defaulters' reluctance to repay the funds fuelled the amount to reach Tk 120,656 crore
The International Monetary Fund has identified the problems in the banking system, including the high volume of defaulted loans, as one of the three domestic risks that derail the economy in the short- to medium-term.
While the government is distracted by elections, the financial economy will suffer
There are rumours in the market that a highly politically powerful business group is going to take over the ownership of the bank from S Alam Group.