BigstockExperts said that some of the banks faced provision shortfall because they lent beyond limits set in banking regulationsA dozen banks faced a combined provision shortfall of Tk10,797.87 crore in the fourth quarter of 2019, exposing their faltering financial health. The banks are Sonali Bank, Agrani Bank, Rupali Bank, BASIC Bank, AB Bank, Bangladesh Commerce Bank, Dhaka Bank, Mutual Trust Bank, National Bank, Standard Bank, Social Islami Bank and Trust Bank. Experts said that some of the banks faced provision shortfall because they lent beyond limits set in banking regulations. According to the central bank data, the Agrani Bank’s shortfall stood at Tk1442.95crore, BASIC Bank's at Tk3334.12 crore, Rupali Bank's at Tk878.34 crore and Sonali Bank's at Tk2156.51 crore during the period. The provision shortfall of AB Bank stood at Tk637.33 crore, Bangladesh Commerce Bank's at Tk538.03 crore, Mutual Trust Bank's at Tk275.24 crore, Dhaka Bank's at Tk425.93 crore, National Bank's at Tk487.32 crore, Social Islami Bank's at Tk296 crore, Standard Bank's at Tk161.91 crore and Trust Bank's provisioning deficit stood at Tk164.19 crore.

Source: Dhaka Tribune February 19, 2020 16:07 UTC