Loan default
We need a bank commission that can drive radical reforms
But its objectives must be clearly defined and regularly scrutinised
Sonali Bank asked to show Orion’s loan as defaulted
The Bangladesh Bank instructed state-run Sonali Bank to classify the Tk 106 crore loans taken by Orion Infrastructure Ltd as defaulted since the client repeatedly failed to repay on time.
$600m loans from EDF turn sour
Loans amounting to nearly $600 million, or Tk 7,000 crore, disbursed from the Export Development Fund (EDF), which was formed based on the country’s foreign exchange reserves, have been defaulted, according to a Bangladesh Bank (BB) document.
$600 million taken in loans from Export Development Fund defaulted
Dhaka-based firms defaulted most of the amount at $558.7 million and Chattogram-based ones $29.7 million
We must kickstart economic revival
There are many hurdles to overcome in the coming days
Regulators responsible for the ailing banks
Punish wilful defaulters before banks’ health further deteriorates
Loan default now part of business model
Defaulting on loans is progressively becoming part of the business model to stay competitive, said Rehman Sobhan, chairman of the Centre for Policy Dialogue.
Government must choose citizens over oligarchs
Otherwise, banking sector health will continue to deteriorate
The Bangladeshi model of dealing with bank crises
The growth of bad loans is mainly due to the business-politics nexus, lack of corporate governance, and weak judicial system
We need a bank commission that can drive radical reforms
But its objectives must be clearly defined and regularly scrutinised
Sonali Bank asked to show Orion’s loan as defaulted
The Bangladesh Bank instructed state-run Sonali Bank to classify the Tk 106 crore loans taken by Orion Infrastructure Ltd as defaulted since the client repeatedly failed to repay on time.
$600m loans from EDF turn sour
Loans amounting to nearly $600 million, or Tk 7,000 crore, disbursed from the Export Development Fund (EDF), which was formed based on the country’s foreign exchange reserves, have been defaulted, according to a Bangladesh Bank (BB) document.
$600 million taken in loans from Export Development Fund defaulted
Dhaka-based firms defaulted most of the amount at $558.7 million and Chattogram-based ones $29.7 million
We must kickstart economic revival
There are many hurdles to overcome in the coming days
Regulators responsible for the ailing banks
Punish wilful defaulters before banks’ health further deteriorates
Loan default now part of business model
Defaulting on loans is progressively becoming part of the business model to stay competitive, said Rehman Sobhan, chairman of the Centre for Policy Dialogue.
Government must choose citizens over oligarchs
Otherwise, banking sector health will continue to deteriorate
The Bangladeshi model of dealing with bank crises
The growth of bad loans is mainly due to the business-politics nexus, lack of corporate governance, and weak judicial system
Don’t fall for quick fixes in bank sector
Relaxing loan repayment is unlikely to work if habitual defaulters continue to be tolerated