At the end of June, the sector’s total default loans stood at Tk 96,116.7 crore. Some loans have been written off and many bad loans have become regularised through the special rescheduling policy,” said Abdul Halim Chowdhury, managing director of Pubali Bank. That’s the reasons behind the declining trend of default loans, he added. In 2019, default loans amounting to Tk 50,434 crore were rescheduled, up 117.3 per cent from a year earlier. In the last one year, the default loans of the country’s banking sector declined by Tk 21,847.5 crore.

Source: Dhaka Tribune November 30, 2020 18:11 UTC