The current level of NPLs forces interest rates to rise on an average by 1%. DCCI President Osama Taseer presented the trade body’s course of action for 2019. As of September 2018, total NPLs in the banking sector stood at Tk99,371 crore, which was 11.45% of total outstanding loans, the highest ever in the sector’s history. Of the total default loan, industrial loans accounted for 44%, which raised serious concerns about the quality of loans disbursement. “The government should also lower lending rates to single digits,” he said.

Source: Dhaka Tribune February 20, 2019 16:41 UTC