The new finance minister made the announcement at a news conference after a meeting with bank owners and chief executives in Dhaka on Thursday. “I had set a pre-condition for the meeting that default loan cannot increase by a single taka. Bank loan default totalled Tk 993.7 billion as of September last year, according to the Bangladesh Bank. Despite achievements in different financial indexes, the amount of default loan increased around 4.5 folds in the two consecutive terms of the Awami League government. AMA Muhith, the finance minister of the last government, had admitted that default loan was a big problem in Bangladesh’s banking sector.

Source: bd News24 January 10, 2019 21:45 UTC